Mortgages By Kirandeep Sarkaria

04/30/2025

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

08/15/2024

Mortgage Renewal is an opportunity to re-assess your finances...

Millions of Canadian homeowners are facing mortgage renewals in the coming years, with many feeling stressed as they prepare for higher payments amid persistently elevated interest rates.

05/27/2024

Still concerned about Credit score hits ?

In the complex world of home financing, a common concern among our clients involves the impact of credit inquiries on their credit scores.

08/15/2023

Fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.
That’s because the Government of Canada 5-year bond yield, which typically leads 5-year fixed mortgage rate pricing, rose above a key threshold of 4% this month.

There's speculation that fixed mortgage rates, which have continued to trend higher over the past several weeks, are set to rise even further.

06/07/2023

Today, the Bank of Canada increased its overnight interest rate by 0.25% to 4.75% because of higher-than-expected growth in Canada’s economy in the first quarter and the view that monetary policy was not yet restrictive enough to bring inflation down to target.

Please reach out to discuss how this affects your mortgage.

05/27/2023

The government unveiled an initiative to aid first-time homebuyers in saving for a down payment on a home as part of the 2023 Federal Budget.
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03/28/2023

Work permit holders are now eligible if they have 183 days or more of validity remaining on their work permit at the time of purchase.

03/21/2023

Mortgage Providers cut rates in wake of bond yield drop.💰
This week, numerous mortgage lenders had started cutting fixed mortgage rates, some by as much as 60 basis points, or 0.60%.

03/08/2023

For the first time in over a year Bank of Canada leaves key interest rates unchanged!

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

01/26/2023

Since March 2022 we have seen nothing but increases when it comes to the Bank of Canada Rate Announcements. During this time, Prime increased from 2.70% to today's new rate of 6.70% 📈

Even though many of us were expecting this 0.25% increase, it's still important to understand how this may impact you🏠

Keep in mind, fixed rates are currently lower than variable rates. 📉 We can explore which product may be better suited for you and your short/long term plans. 📝

Let’s chat! 👇

01/01/2023

Thank you for your business and choosing me as your mortgage broker! I look forward to a fantastic 2023!

07/14/2022

The Bank of Canada has increased their overnight rate by 1%. Have questions about what this means for you and your mortgage? Contact me for more information.