Tridac Mortgage Blog
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Founded in 1977, we are advising Canadian homeowners about the ever-changing mortgage landscape. Our team has combined experience spanning over 80 years. That gives us tremendous insight and perspective to confidently guide our clients through their mortgage financing options. We are connected to the wider Canadian mortgage market with relationships and respect that go deep.
Tridac Mortgage Blog
5d ago
Are you a first-time homebuyer feeling overwhelmed by the daunting task of saving for a 20% down payment? In this video, we why explore why grinding to save 20% for your down payment may actually end up costing you more and reveal why an insured mortgage in Toronto might be the key to achieving ..read more
Tridac Mortgage Blog
5d ago
In the ever-evolving landscape of real estate, prospective homebuyers are often met with a myriad of factors to consider before making one of the most significant financial decisions of their lives. Among these considerations are mortgage rules, which play a crucial role in shaping the accessibility and affordability of homeownership. As we look ahead ..read more
Tridac Mortgage Blog
2w ago
Today, the Bank of Canada maintained its overnight lending rate, as anticipated. Many have speculated about a potential rate cut in June, but is it truly a foregone conclusion? In the realm of mortgages, few events generate as much speculation and anticipation as central bank meetings. Every decision made by institutions like the Bank ..read more
Tridac Mortgage Blog
1M ago
Buying a home is an exhilarating journey, but navigating the complexities of mortgages can often feel like getting lost in a maze. With numerous options available and conflicting advice from various sources, it’s easy to feel overwhelmed and uncertain about the best path forward. That’s where a seasoned mortgage broker steps in, offering clarity ..read more
Tridac Mortgage Blog
1M ago
One of the more surprising debt problems that I’ve had to solve for a client is stopping the sale of their home due to an unpaid credit card balance. Yes you heard that right. If ignored for long enough an unpaid credit card can lead to judgment from the courts, the registration of a ..read more
Tridac Mortgage Blog
1M ago
Join me as I discuss the inflation rate for February, which came in at 2.8%, lower than the previous month and below the expected 3.1%. This indicates a positive trend influenced by the high interest rate policy of the Bank of Canada. Food prices contributed to the decrease in inflation, while gasoline prices and ..read more
Tridac Mortgage Blog
2M ago
No change to the BOC prime rate announced today. For the fifth consecutive meeting the Bank of Canada kept its policy rate unchanged at 5.00%. You can read the BOC press release here. RATE FORECAST We’ve been promising rate cuts for months now. But where are they? Every single media outlet and talking ..read more
Tridac Mortgage Blog
2M ago
Welcome to February 2024’s Inflation Watch. In this series I explore micro & macro economic trends and relate them to Canadian mortgage interest rates. I hope to shed some light on the future direction of interest rates to help you make more informed decisions about your mortgages. If you’re into this kind of thing ..read more
Tridac Mortgage Blog
2M ago
In this video, I discuss a key money-saving feature of your mortgage called "porting," which allows individuals to transfer their existing mortgage rate and terms to their new ..read more
Tridac Mortgage Blog
2M ago
This year, a wave of mortgage renewals looms over Canada, bringing with it uncertainties and concerns for borrowers. Here's what you should ..read more