Shannon Burnett - Mortgage Sage

01/01/2026

Wishing everyone a restful and meaningful New Years Day.

Taking time to pause and reset is just as important as planning ahead — in life and in finances.

See you back here soon with more clear, practical insights.

10/03/2023

Many Canadians are considering this as an option to take the leap into home ownership.

more Canadians are now turning to co-ownership as a means to combat housing in-affordability.

07/12/2023

As suspected!! Now may be a good time to switch to a fixed rate, reach out to me if you would like any details on a full comparison if this for your personal situation.
https://www.canadianmortgagetrends.com/2023/07/bank-of-canada-delivers-10th-rate-hike-in-light-of-persistent-inflation/

As was widely expected, the Bank of Canada today delivered another quarter-point rate hike today, bringing its benchmark rate to a 22-year high of 5%.

07/11/2023

Very interesting read on why the rate hikes are not helping our inflation.
https://financialpost.com/investing/2-5-inflation-bank-of-canada-interest-rate-hikes-end

It's time for the Bank of Canada to stop raising interest rates now with year-over-year inflation at 2.5%, writes Ted Rechtshaffen. Read on.

07/07/2023

Well, its not a shock, but it is definitely making it tight for thise in a variable rate mortgage.
https://www.ctvnews.ca/business/experts-are-expecting-another-interest-rate-hike-this-month-here-s-what-that-means-for-homeowners-1.6469726

Economists are predicting Canadians might see another interest rate hike next week and say homeowners who are already financially vulnerable will have a tougher time making mortgage payments.

06/07/2023

The bank of Canada raises the policy rate by .25%. Their decision is guided by inflation rates which are coming down, but still relatively
high.

The Bank of Canada today increased its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%.

05/31/2023

The Bank of Canada’s June 7 policy rate decision will likely depend on the latest economic data coming this week, according to Benjamin Reitzes, Managing Director of Canadian rates and macro strategist at BMO Capital Markets.

Stronger-than-expected economic data will not be consistent with the narrative of a slowing economy, analyst says

05/26/2023

https://www.canadianmortgagetrends.com/2023/05/nearly-40-of-homebuyers-choosing-short-term-fixed-rate-mortgages-cmhc/

Remember, there is n guarantee that rates will be lower in 3 years, but it certainly seems to be a risk people are choosing to take right now.

With an expectation that interest rates will fall in the coming years, nearly one in four new homebuyers and those renewing are choosing fixed-rate mortgages with terms under three years.

05/24/2023

05/23/2023

Confidence comes with working with Professionals. This shifting market demands professional advice. Reach out to me to help you navigate.