Kim Keung Lee - Courtier Hypothécaire Hypotheca

06/10/2026

BREAKING NEWS - BOC holds rate steady.

The Bank of Canada has held interest rates steady in its latest decision, leaving its benchmark rate unchanged amid continuing uncertainty over the economic outlook.

The central bank announced this morning that it was keeping that trendsetting interest rate, which directly impacts variable mortgage rates, at its current level of 2.25%. That marks the fifth consecutive rate hold in a row, a streak that began in December and has continued through 2026.

That decision was widely expected by economists, financial markets and mortgage market watchers. The US-Israel war on Iran has stoked fears of an inflation upsurge because of soaring oil prices, while the Canadian labour market has proven unexpectedly resilient and added 88,000 jobs last month.

The mortgage industry, too, viewed a rate hold as the likeliest outcome of the Bank’s meeting. In a Canadian Mortgage Professional survey of brokers this week, 89% said they expected no change today, with just 3% suggesting a rate hike was imminent and 8% anticipating a cut.

The news means no change for Canadian homeowners on variable mortgage rates and borrowers holding home equity lines of credit (HELOCs), while bond yields are unlikely to shift significantly – likely meaning a similar picture for fixed rates.

NOTE: This is an excerpt from a mortgage news media.

06/02/2026

Did you know that by topping off your TFSA today , you can pay off your mortgage within 8 years?

DISCLAIMER: I AM NOT A FINANCIAL ADVISOR , ONLY A LICENSED MORTGAGE BROKER. CONSULT WITH A FINANCIAL ADVISOR BEFORE MAKING ANY FINANCIAL DECISIONS.

Here is an example:

Maximum TFSA amount 2026 is $109,000 (depending on your age and status, consult your account with CRA)

Investment yields 17% or more in dividends annually. Reinvest the dividends to buy more shares and you will see your investment compound.

After 8 years your initial $109,000 should become over $420,000. https://dividendcalculator.ca/

If you are wondering what kind of investments that can yield 17% or more in dividends , contact me to help you refinance and I will share with you my knowledge and wisdom (from my age 63 yrs and experience)

Cell: 514 638-4828

Free Canadian Dividend Calculator — calculate dividend income, DRIP returns, and annual yield. RRSP-friendly. No signup required.

05/26/2026

A LOWER RATE DOES NOT ALWAYS MEAN A LOWER OVERALL COST!

Note: This is an article written by another nortgage broker , I am sharing an excerpt only.

For many homeowners, renewal notices arrive with very little explanation beyond the new rate being offered. While interest rates matter, the structure of the financing and the flexibility built into it can have just as much long-term impact.

A lower rate does not always mean a lower overall cost.

Some financing options may offer attractive promotional pricing upfront but come with higher penalties, reduced prepayment privileges, limited portability, or additional costs later if plans change. Those details may not feel important at renewal time, but they can become very important when life changes unexpectedly.

Many homeowners simply sign the offer sent by their current lender without reviewing whether it still fits their goals. While that may feel easier in the moment, renewal is often one of the best opportunities to step back and reassess the bigger picture.

For example, a homeowner planning future renovations, debt consolidation, retirement, or a possible move within the next few years may benefit from a structure designed with more flexibility, even if the rate is slightly higher.

This becomes especially important because many mortgages are broken before the full term ends. Moving, refinancing, separation, changing cash flow needs, or shifting financial priorities can all change the original plan. In those situations, penalty calculations and financing restrictions can end up costing far more than the initial rate savings.

Prepayment flexibility can also create meaningful long-term value. Some products allow larger lump sum payments or increased monthly payments without penalty, helping homeowners reduce interest costs faster if their financial situation improves over time.

Certain structures may also make it more difficult or expensive to switch lenders later without additional legal work or added costs. These details are often overlooked when the focus stays only on the advertised rate.

As many homeowners continue reviewing renewal options this spring, rates remain competitive across several financing structures:

Rates can vary depending on how the financing is structured and what you are trying to accomplish.

MY MISSION IS TO HELP MY CLIENTS BECOME WEALTHIER USING THE EQUITY IN THEIR HOME!

05/21/2026

ATTENTION SELF-EMPLOYED HOME OWNERS

Did you ever get refused from your lender because you did not declare enough income?

Here is a scenario:

You had your business for just over a year and a half but on your last income tax return you did not declare much because you just started your business recently. You did have good income $80,000 but on your tax return you declared a net income of $40,000. Instead of waiting for a 2 year average to increase your gross income for qualifying (and paying more income tax!) , you can qualify with an alternative lender and get the mortgage now.
The alternative lenders rates are slightly higher (usually about 1.5% more than your bank rates) but you will save a lot on income taxes.

Reach out to me if you have questions about your situation and I will give you my professional opinion.

04/29/2026

File of the week.

04/29/2026

100% on my Conflicts of Interests in the Brokerage!!!

04/28/2026

FILE OF THE WEEK

Recently my client of 81 years old wanted to refinance his home so that he can take out some equity to cover his living expenses.
His income was a part time job and government pensions. He still had a small mortgage of about $130K. He did not have much savings.
He did not qualify with a traditional bank because he did not earn enough income.
I recommended him a reverse mortgage and showed him how using the equity that he can take out to top up his TFSA and earn tax free dividends semi-monthly. By maxing out his TFSA , he could earn $18,000 per year just in dividends!
The amount he would earn in dividends would cover more than the interest costs of the loan.

If you know of a friend or family member in this situation, reach out to me and help them live a better life.

DISCLAIMER: I am not a licensed financial advisor, the advice I give is based solely on my PERSONAL EXPERIENCE.

Email: [email protected]
Cell: (514) 638-4828

04/26/2026

Took my clients out for spin! Obviously they loved it!

04/15/2026

Need funds for renovations? Refinancing is the best solution!