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Mortgage Talk with Rob Jennings
The Mortgage Renewal Wave Nobody’s Talking About: Why Near-Retirees Are Getting Squeezed
Christopher Liew (CTV News) recently flagged something most Canadians aren’t prepared for, and it’s worth paying attention to.By 2026, roughly one million mortgages will come up for renewal. Many of…
The Newcomer Homeownership Surge: What the Numbers Mean for Canada’s Housing Future
Statistics Canada released data that should get the attention of mortgage brokers, realtors, and policy makers.Recent immigrants are buying homes faster than before. At the same time, Canadian-born…
Fixed Mortgage Rates Are Rising: Is a Three-Year Term Your Smartest Move Right Now?
We’ve been watching something unfold in the mortgage market that you need to know about.Since March, fixed mortgage rates have been climbing. Not slowly. Not quietly. They’ve jumped as much as 40…
The Hidden Risks of Variable Rates in Today’s Economy
I’ve been in the mortgage business for over 18 years.I’ve never seen a market like this one.Variable rates are sitting around 3.65%. Fixed rates are hovering near 4.3%.That 0.5% to 0.7% gap looks…
Why Waiting to Lock In Your Variable Rate Often Backfires
I’ve watched this pattern play out dozens of times over the past year.A client calls. They have a variable rate mortgage. They’ve been watching the news. They know rates have been climbing. But…
Mortgage Broker vs Bank in St. John’s: Which Saves You More Money?
Introduction to the Mortgage Renewal Process Picture this: you've been diligently paying down your mortgage, each payment like a chisel sculpting your financial future. Then, like clockwork, the end of your mortgage term appears on the horizon, presenting you with a...