Mohit Grover

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The Latest News On Mortgages In Canada: Everything You Need To Know

The year 2022 has been filled with real estate and mortgage news. After two years of unprecedented low rates, the Bank of Canada began raising the key overnight rate in March. Between March and June, fixed-rate mortgages jumped by 66% on average. In July, the Bank of Canada stated that it would raise the benchmark …

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How a Mortgage Pre-Approval Can Protect You from Rising Rates

Rising interest rates make mortgage pre-approvals much more relevant and meaningful. Not only does a mortgage pre-approval give you the lender’s estimate of your borrowing power, but it also offers you an interest rate hold for up to 120 days in many cases. In times of steady or declining rates, you barely pay attention to your pre-approval …

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