HomebuyingHow COVID-19 has affected homebuying and the mortgage market in Canada
Decline in home purchases. Increase in mortgage renewals. Here’s what Canadians were up to during the lockdown.
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About fixed closed mortgage rates.
Want the security of knowing your mortgage rates won’t increase anytime soon? Like the predictability of payments that stay the same every month? If you answered yes to both questions, then you’ll want a fixed closed mortgage.
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In today’s market, you'll find that fixed closed mortgages also offer remarkably low interest rates. And, as an added benefit of this type of mortgage, most lenders let you make yearly lump-sum payments, which means you can actually become mortgage-free ahead of schedule.
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There is a surplus of predictions, forecasts and conjectures, but consensus is a rare commodity.