Devon Copeland Mortgages

02/02/2024

Early Spring says Wiarton Willie!!! Hurray! If you feel like you are living the same day over and over again like the 1993 movie Groundhog Day, let me help you break the cycle. I can refresh your mortgage for spring- consolidating debt or helping you with a new home purchase. My advice is always free and I would love the opportunity to help you out.

04/19/2023

National average home price rises $50k in February

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Visit https://www.devoncopelandmortgages.ca for all of your mortgage services.

On a non-seasonally adjusted basis, home prices registered their first monthly rise in six months, jumping over $50,000 to $635,000.

04/12/2023

Canadian Mortgage Rates May Drop If The Bond Yield Plunge Sticks

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Visit https://www.devoncopelandmortgages.ca for all of your mortgage services.

Canada was no exception to the retreat of global bond yields after the US banking crisis hit last week. The Government of Canada (GoC) 5-Year Bond yield plunged at one of the fastest rates in a generation. It wasn’t alone, with most yields falling—potentially signaling lower borrower costs. That...

04/05/2023

Canadian Real Estate Prices Climb For The First Time In Nearly A Year

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Canadian real estate prices have been spiraling lower, but is a change in trend around the corner? Data from the Canadian Real Estate Association (CREA) shows that the price of a typical home increased in February. The national composite’s benchmark price had not moved higher since rate hikes bega...

03/30/2023

Mortgage debt taking up a record share of income

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Borrowers are now spending roughly $1 out of every $13 of their disposable income on servicing their mortgages. That’s according to Statistics Canada’s fourth-quarter national balance sheet and financial flow accounts. The data shows Canadians are spending 7.66% of their household disposable inc...

08/24/2022

Should I sell and rent or get a reverse mortgage?

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Visit https://www.devoncopelandmortgages.ca for all of your mortgage services.

What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for retirees.

08/17/2022

Canadian Mortgage Debt Tops $2 Trillion, Likely To Soon Eclipse Size Of GDP

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Canadian mortgage debt reached $2.01 trillion in May, the equivalent of 98% of the country's gross domestic product.

08/10/2022

How the Bank of Canada's overnight rate works—and why it's rising at the fastest pace in decades

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The central bank's overnight interest rate sets the tone for the prime rates offered by banks. We explain what that means for you.

08/05/2022

Bond yields plunge. What it means for fixed mortgage rates

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Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns.

02/23/2022

Canadian Real Estate Prices Jump Another $17,000 And Growth Is Accelerating

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Visit https://www.devoncopelandmortgages.ca for all of your mortgage services.

Canadian home prices are soaring as easy credit continues to drive excess demand. The Canadian Real Estate Association (CREA) data shows real estate prices ripped higher in December. Prices are now showing the fastest annual growth ever, with few signs of slowing down. The recent acceleration in pri...

02/16/2022

Record Home Price Growth Continued in December

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Visit https://www.devoncopelandmortgages.ca for all of your mortgage services.

The Canadian Real Estate Association's House Price Index was up 26% year-over-year as of December, the fastest pace on record.

12/08/2021

Checklist - Working With a Mortgage Broker/Agent

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Check that your licensed broker/agent tells you all of these things!