Mortgage Blog
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Your Home & Mortgage
January 4, 2023 | Posted by: Fortune Funding Mortgages
This year create financial resolutions that you can stick toA new year brings a host of new year’s resolutions. It’s very common for people to make these resolutions around family, friends ...
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The Pros and Cons of Locking In
December 12, 2022 | Posted by: Fortune Funding Mortgages
The holiday season is upon us, bringing an end to a tumultuous year. 2022 saw inflation reach levels not seen for 40 years, followed by substantial interest rate hikes. From March to December, the Ban ...
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A fresh look at the opportunities in today’s housing market
October 12, 2022 | Posted by: Fortune Funding Mortgages
When news reports present a consistently gloomy view of rising rates and the distinctly negative impact on the housing market, it’s easy to feel discouraged. But the news frequently does ...
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A look at how rate increases impact different mortgage types
September 19, 2022 | Posted by: Fortune Funding Mortgages
With inflation at its highest level in almost 40 years, the Bank of Canada continues to take drastic action to cool the economy with the latest of five consecutive rate increases announced on ...
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Bank of Canada raises the key interest rate by three-quarters of a percentage point, bringing it to 3.25%
September 15, 2022 | Posted by: Fortune Funding Mortgages
The Bank of Canada has raised its policy rate to 3.25 per cent today, marking the fifth consecutive rate increase in 2022. The Bank has stated borrowing costs need to rise to bring inflation back to a ...
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How rising rates can affect your mortgage
June 1, 2022 | Posted by: Fortune Funding Mortgages
How rising rates can affect your mortgageThe one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada ...
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The Tax-Free First Home Savings Account (FHSA) explained
May 31, 2022 | Posted by: Fortune Funding Mortgages
If you or someone you know is saving for a downpayment on their first home, the Federal government announced a new program aimed at first-time buyers in their recent budget. The First Home Savings Acc ...
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There Are No Houses for Sale in My Area - What Do I Do?
May 6, 2022 | Posted by: Fortune Funding Mortgages
You're in the market for a home. You want to capitalize on mortgage rates before incremental Bank of Canada announcements increase them, and home values grow further. But there's one pr ...
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Bank of Canada Mortgage Rate Announcement - March 2022
March 3, 2022 | Posted by: Fortune Funding Mortgages
We concluded the month of February with a notice to all prospective home buyers and investors. The notice was simple - get a mortgage fast. Why? Because we saw it coming. We predicted that the Ba ...
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Higher interest rates are here. What does that mean for you?
March 1, 2022 | Posted by: Fortune Funding Mortgages
The Bank of Canada has been signalling for a while now that they will respond to inflation by raising interest rates. Sure enough, on March 2nd they announced a hike in the overnight rate by 0.25%. He ...
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