The Bank of Canada (BoC) has announced a significant reduction in its key interest rate, lowering it by 50 basis points to 3.25%. This marks the fifth rate cut in… Read it »
If you’ve been paying attention to the mortgage market, you might have noticed some headlines that could send a chill down any homeowner’s spine. RBC recently made waves with the… Read it »
As of November 21, 2024, the Office of the Superintendent of Financial Institutions (OSFI) has eliminated the mortgage stress test requirement for uninsured mortgage switches in Canada. This significant policy… Read it »
As we approach the end of 2024, understanding Canada’s mortgage landscape is essential for anyone navigating the housing market or holding a mortgage. The latest Residential Mortgage Industry Report highlights… Read it »
When it comes to mortgages, terms like "prime rate," "bank rate," and "fixed rate" can feel confusing. Knowing what these rates mean and how they’re set can help you understand… Read it »
After a distinguished career, our good friend and colleague Debra Schulz will be retiring from First Foundation on October 31! Debra’s long-standing commitment to her clients and her expertise have… Read it »
