Kim Keung Lee - Courtier Hypothécaire Hypotheca

09/03/2026

Bank of Canada announced yesterday that they are keeping the prime rate at 2.25%.

However, the bond market rates have been going up lately and soon the fixed rates will follow.

If you’re mortgage is maturing this soon, this would be a good time to review your options.

Call: 514 638-4828

08/25/2026

TIP OF THE WEEK

Disclaimer: I am not a financial advisor, I am a licensed mortgage broker. My financial advice is based only on personal experience, speak to a licensed financial advisor for your situation.

Did you know that the dividends or distributions from your TFSA account can be withdrawn tax free ? You can then re-invest that in your RRSP to save income taxes (if you are not topping them already).

Example

Annual dividends / distributions: $15,000
RRSP contribution: $15,000 , potential tax refund $7,500.

Use the tax refund to top off your TFSA ( max $7,000 for 2026) . Re-invest in more units / shares of ETF to get more distributions / dividends.
Do you see a compounding effect? All this with no extra monthly contributions!

If you have learned something new today, press the like button and share it to someone that could use my free service!

Cell: 514 638-4828

08/13/2026

My first track day! Living my dreams. Let me help you reach yours!

07/16/2026

Made my client’s son very happy with a little ride in my car!

07/15/2026

GOOD NEWS ..... Bank of Canada keeps their prime rate at 2.25%.

This means your variable rate mortgage or line of credit did not increase.

If your mortgage is maturing soon, a variable rate should be considered at renewal depending on your goals.

Contact me for a free consultation.

cell: 514 638-4828

06/18/2026

Did you know that you can refinance to pay off an income tax debt?
Most traditional lenders will not allow you to refinance if you owe the government taxes.
Contact me if you or someone you know who is in this situation.
(514) 638-4828

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!