You are a Mortgage VIP - Wendy Goodsir - Mortgage Professional

09/08/2026

Have you noticed fixed mortgage rates creeping up and wondered WHY ... especially when the Bank of Canada has not increased its rate?

Here is the piece that often causes confusion: fixed mortgage rates are influenced by the bond market, not directly by the Bank of Canada’s overnight rate.

When Government of Canada bond yields rise, lenders’ funding costs can increase and fixed mortgage rates often follow.

Variable rates work differently and are much more directly connected to the Bank of Canada and Prime Rate.

So, when you hear that “rates are going up,” it does not necessarily mean ALL mortgage rates are moving in the same direction.

If you have a mortgage renewal coming up, are thinking about buying, or simply want to understand what the current market means for you, feel free to reach out.

09/08/2026

Wondering why fixed mortgage rates have been increasing?

This is a great, easy-to-understand explanation of bond yields, why they have been rising, and how they can impact borrowing costs, including fixed mortgage rates.

Worth a read if you are buying a home or have a mortgage renewal coming up.

Bond yields are rising sharply around the world, with some government borrowing costs reaching levels not seen in years.

09/06/2026

Wondering why fixed mortgage rates have been increasing?

This is a great, easy to understand explanation of bond yields, why they have been rising, and how they can impact borrowing costs, including fixed mortgage rates.

Worth a read if you are buying a home or have a mortgage renewal coming up.

Bond yields are rising sharply around the world, with some government borrowing costs reaching levels not seen in years.

08/06/2026

https://www.canadianmortgagetrends.com/2026/08/can-you-become-a-first-time-homebuyer-again/

Federal programs, mortgage-insurance rules and provincial tax rebates use different definitions, meaning previous ownership does not always disqualify a buyer.

06/15/2026

One of the most common misconceptions about mortgages is that a shorter amortization is always the better choice. While paying off a mortgage more quickly can certainly reduce interest costs over time, the reality is that the right amortization depends on a homeowner's financial situation and long-term goals.
Amortization simply refers to the length of time it would take to pay off a mortgage if payments remained unchanged. In Canada, many homeowners choose amortizations of 25 years, although shorter and longer options may be available depending on the mortgage and lending guidelines.
A shorter amortization typically results in higher monthly payments but allows more of each payment to go toward the mortgage principal. Over time, this can significantly reduce the total amount of interest paid and help homeowners build equity more quickly.
A longer amortization works differently. Because the repayment period is spread over more years, the required monthly payment is lower. While this generally increases total interest costs over the life of the mortgage, it can also create valuable flexibility within a household budget.
For some homeowners, that flexibility can be important. A lower mortgage payment may allow them to build an emergency fund, contribute to retirement savings, manage childcare expenses, pay down higher-interest debt, or simply maintain a more comfortable monthly cash flow. During periods of higher interest rates or economic uncertainty, preserving flexibility can be just as important as accelerating repayment.
It is also worth remembering that choosing a longer amortization does not necessarily lock a homeowner into slower repayment. Many mortgages include prepayment privileges that allow borrowers to make additional payments when their finances permit. This can provide the best of both worlds: lower required payments combined with the ability to pay down the mortgage faster when circumstances allow.
Ultimately, the decision comes down to balance. While minimizing interest costs is an important consideration, it is only one part of a larger financial picture. The mortgage strategy that works best for a young family managing multiple financial priorities may look very different from the strategy chosen by someone approaching retirement.
Like many financial decisions, the goal is not to find a one-size-fits-all solution. It is to choose an approach that aligns with your income, lifestyle, and long-term objectives. A mortgage should support your broader financial plan, and sometimes that means prioritizing flexibility just as much as speed of repayment.

Not sure if your mortgage is still competitive? Contact me to see how it stacks up against today’s offerings.

06/15/2026

Top 5 for May
Thankful for the trust of my amazing clients and referral partners, your support means everything. .

05/11/2026

Top 5 for April - I am so very grateful for the trust of my amazing clients and referral partners — your support means everything.

Congrats to Aprils Top 5 agents!! Way to go team!mortgageplanner

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05/11/2026

Why Your Mortgage Term Matters More Than You Think Right Now

Most homeowners naturally gravitate toward the interest rate when choosing a mortgage, because it is the most visible number and the easiest to compare. While the rate absolutely matters, it is only one part of the decision, and in the current environment, the structure of your mortgage term can have an equally meaningful impact on your long-term outcome.

Over the past few years, rates have moved quickly and unpredictably, and we are now in a period where many economists expect further changes over the next 12 to 36 months. That creates a subtle but important shift in how mortgages should be approached. Instead of simply locking in the lowest rate available today, it becomes more about how your mortgage is positioned for what comes next.

This is where the choice between shorter and longer terms starts to matter more than most people realize. A traditional five-year fixed term offers stability and predictability, which can be appealing if your priority is consistency. However, it also commits you to today’s rate environment for a longer period than necessary, even if conditions improve.

Shorter-term options, such as two- or three-year fixed rates, introduce a different kind of flexibility. They often come with slightly lower rates today, but more importantly, they allow you to revisit your mortgage sooner and potentially take advantage of future rate changes. This approach can be particularly useful if you expect your income, plans, or financial priorities to evolve in the near term.

That said, there is no one-size-fits-all answer. The right structure depends on how your mortgage fits into your broader financial picture, including your tolerance for change, your future plans, and your overall cash flow.

The key takeaway is that your mortgage term is not just a technical detail. It is a strategic decision that can either limit or expand your flexibility over time. Asking how your mortgage is structured, not just what rate you are getting, is often where better outcomes begin.

04/18/2026

I’m truly grateful for the incredible clients I’ve had the privilege of working with. Your trust, support, and confidence in me mean more than you know! Helping navigate such important financial decisions is something I never take lightly, and I’m thankful every day that you choose to work with me. You’re the reason I love what I do!! 🏠🩷

A huge congrats to our top 5 agents for March!

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Tamara Bayram

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04/04/2026

https://www.canadianmortgagetrends.com/2026/04/an-inside-look-at-how-your-loans-and-spending-affect-your-credit-score/

Having a variety of loans could help strengthen your credit score — or harm it, depending on your spending and payment history. But a credit card, car loan and mortgage work differently, making it hard to know how to improve your number.