General Danny Cardoso 1 Aug
Understanding the Rate Hikes The Bank of Canada has incrementally increased interest rates over the past year, with the goal of stabilizing the economy and controlling inflation. As of mid-2024, the overnight rate stands at 4.75%, a significant jump from the near-zero rates seen during the pandemic. These hikes aim to temper the economy and […]
Read MoreGeneral Danny Cardoso 15 Jul
Are Interest Rates Dropping? Yes, interest rates are expected to go down by 2027, but the decrease in 5-year fixed rates is likely to be just 0.20%. This small drop might not make up for the extra costs of waiting to buy a home. Variable rates are expected to drop by about 1.75%. This might […]
Read MoreGeneral Danny Cardoso 15 Jul
New Homes Market Supply and Demand Dynamics The new home market in Canada is expected to experience a moderate increase in supply. However, this increase may not be sufficient to meet the rising demand, particularly in major urban centers. The supply-demand imbalance is driven by several factors: Population Growth: Immigration and urbanization continue to drive […]
Read MoreGeneral Danny Cardoso 17 Jun
Who is offering the award? The Canada Mortgage and Housing Corporation (CMHC) is offering the 2024 Housing Research Awards. What is it? The Housing Research Awards celebrate innovative and impactful housing research. If you’re exploring issues related to housing in Canada, this is your chance to get funding for your completed or nearly complete research […]
Read MoreGeneral Danny Cardoso 4 Jun
As the landscape of mortgage renewals continues to evolve, many homeowners are exploring a wider array of options than ever before. Traditionally, the 5-year fixed term was the go-to choice for most. However, with the current economic climate and rising interest rates, it’s crucial to reassess your mortgage strategy to optimize cash flow and ensure […]
Read MoreInvesting in Real Estate Danny Cardoso 4 Jun
As retirees or parents, we often strive for mortgage-free lives, but we also recognize the challenges our children face in entering today’s competitive real estate market. However, fear not! There are three innovative solutions to ensure our children can buy homes and secure their future in real estate. And trust me, you might not have considered […]
Read MoreInvesting in Real Estate Danny Cardoso 13 Jul
If you’re considering a real estate investment, Ontario, Canada, should be at the top of your list. Not only is it Canada’s most populated province, but it’s also home to vibrant cities, stunning natural landscapes, and a robust economy. But why invest in real estate, and how can our brokerage help guide you with your […]
Read MoreFirst-Time Home Buyers Danny Cardoso 13 Jul
Are you dreaming about buying your first home in Ontario, Canada, but unsure where to start? You’ve landed in the right place! This guide is all about the first crucial step in the home buying journey: getting a mortgage pre-approval. As a reputable mortgage brokerage in Ontario, we’re here to make this process as simple […]
Read MoreFirst-Time Home Buyers Danny Cardoso 13 Jul
Embrace the thrill of becoming a first-time homebuyer! It’s normal to feel a rush of excitement, but also a touch of apprehension. The complexities of today’s real estate market, coupled with rising mortgage rates, can seem overwhelming. But there’s no need to worry – Yournesta Financial is here for you. As a one-stop-shop for all […]
Read MoreGeneral Danny Cardoso 13 Jul
Hello, valued readers! Congratulations! You’ve taken the first step on the journey to understanding the intricate world of mortgages and refinancing. This guide is your comprehensive resource, whether you’re a first-time homebuyer, contemplating refinancing, or simply striving to understand your finances. As your trusted mortgage brokerage, we’re here to simplify these concepts and provide a […]
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