The Common Credit Myth That Keeps Buyers Stuck: What Your Credit Score Really Means
Credit Myth vs Reality Credit Score Credit Recovery and Mortgage Approval in Canada Credit score concerns stop more Canadians from buying a home than almost anything else and in most cases it is because of a credit myth that simply is not true. I speak to buyers all the time who say they are going […]
Positioning Yourself for a Buyer’s Market: How Toronto Homebuyers Can Thrive in 2026
Positioning yourself for a buyer’s market can make all the difference between settling for what’s available and securing your dream home. In today’s real estate climate, where prices have stabilized and sellers are more open to negotiation, homebuyers and homepurchasers in Toronto have a rare opportunity to take advantage of conditions that work in their […]
Avoid the Costly Mistakes of Breaking Your Mortgage: Consider Porting Instead
Porting your mortgage is one of those financial strategies that many Canadians hear about but do not fully understand until they are in the middle of a move. In simple terms, porting allows you to transfer your current mortgage agreement, including the interest rate, term, and lender, from the home you are selling to the […]
Bank of Canada Holds Interest Rate: What This Means for Homeownership in Canada
At RTS Mortgage Financial, we believe in keeping Canadians informed about the financial decisions that affect their path to homeownership. Today, the Bank of Canada announced it will hold its benchmark interest rate at 2.75 percent. This decision impacts both homebuyers entering the market and homeowners renewing their mortgages, as the interest rate environment continues […]
Why Fixed Mortgage Rates Are Falling in Canada and What Homebuyers Need to Know
In today’s evolving housing market, one of the most talked-about trends among first-time homebuyers and real estate investors is the recent drop in Canadian fixed mortgage rates. With affordability top of mind, many Canadians are watching interest rates closely as they plan their next move in the housing market. What’s Driving the Drop in Fixed […]
Bond Yields and Mortgages: Understanding the Key Connection for Homebuyers and Homeowners
When it comes to mortgages, understanding bond yields is essential for homebuyers and homeowners who want to make informed decisions about fixed-rate mortgages. Bond yields, particularly government bond yields, play a significant role in determining mortgage rates, making it crucial to stay informed about how they work. By understanding the connection between bond yields and […]
Bank of Canada Rate Cut: What Today’s Bold Decision Means for Homebuyers
The Bank of Canada announced a significant policy shift today, cutting the overnight rate by 0.25%, bringing it down to 2.75%. This decision, which had been widely anticipated by economists, reflects the central bank’s response to mounting economic challenges and is set to have a profound impact on the financial landscape—particularly for homebuyers. The Bank […]
Tenant Rights When a Property is Sold in Ontario
When a property with tenants is sold in Ontario, tenants are protected under the Residential Tenancies Act (RTA). This means that a sale does not automatically terminate a lease or rental agreement. Whether the tenant is on a fixed-term lease or a month-to-month agreement, there are legal steps a new owner must take if they […]
The Hidden Cost of Early Mortgage Renewals: Why Homeowners Should Think Twice
As homeowners, staying proactive about mortgage renewals is crucial for long-term financial health. At RTS Mortgage Financial, we understand the nuances of making the best mortgage decisions, especially when it comes to renewing your mortgage. One topic that requires attention is early mortgage renewals—an enticing offer that often comes with hidden downsides. While many homeowners […]
As Rates Fluctuate: Understanding Variable vs Fixed Mortgage Rates
Variable vs Fixed mortgage rates are a common topic of discussion as interest rates begin to decline, prompting many homebuyers and homeowners to revisit the debate. For some, variable rates have been a valuable tool for paying off their mortgage faster, since the initial rate is often lower than fixed-rate mortgages. However, recent years have […]