Mortgage Blog

The who's who of mortgages is here to help you.

Now’s not the time to switch to a fixed-rate mortgage

Now’s not the time to switch to a fixed-rate mortgage

April 20, 2022 | Posted by: Owl Mortgage.ca

As interest rates climb, variable mortgage rate holders may start to panic. Here’s why you should avoid the temptation of going fixed right now.The Bank of Canada’s April 13 interest ...

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Why the mortgage stress test isn’t the villain it was made out to be

Why the mortgage stress test isn’t the villain it was made out to be

April 19, 2022 | Posted by: Owl Mortgage.ca

The mortgage qualifying tool has been subject to plenty of criticism. However, with rising interest rates, it may be a saving grace for many Canadians. There is no question that the mortgage stre ...

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Forget the burbs—should home buyers “fly until they qualify” for a mortgage?

Forget the burbs—should home buyers “fly until they qualify” for a mortgage?

February 1, 2022 | Posted by: Owl Mortgage.ca

During my time as the resident mortgage expert on CP24’s Hot Property TV show, I started using the phrase “drive until you qualify” to describe the advice given to home buyers strugg ...

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Garden Suites are coming to Toronto – It will be a Game Changer!

Garden Suites are coming to Toronto – It will be a Game Changer!

December 9, 2021 | Posted by: Owl Mortgage.ca

The City Planning Division is working on a range of initiatives to increase the housing supply through the Expanding Housing Options in Neighbourhoods (EHON) work program. The program will enable mo ...

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Post Election Wrap Up – Promises made by the Liberals should be kept!

Post Election Wrap Up – Promises made by the Liberals should be kept!

September 27, 2021 | Posted by: Owl Mortgage.ca

Now that the snap election is in the history books and the media has hailed it the campaign that accomplished nothing, let’s look at the housing platform that the Liberals presented voters durin ...

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Bank of Canada holds interest rates again…

Bank of Canada holds interest rates again…

September 9, 2021 | Posted by: Owl Mortgage.ca

The Bank of Canada, as done throughout the pandemic, has kept its key interest rate target on hold Wednesday as it warned the fourth wave of the pandemic and supply bottlenecks could pose problems wit ...

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Toronto Real Estate Board (TREB) Releases August 2021 Stats

Toronto Real Estate Board (TREB) Releases August 2021 Stats

September 9, 2021 | Posted by: Owl Mortgage.ca

August sales results present an interesting tale with sales activity at a decade low level and values of homes continuing to move in an upward trend. There were 8,596 homes sold in GTA in the month o ...

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Why does Vince have a Weekly Episode of The Wise Old Owl Show?

Why does Vince have a Weekly Episode of The Wise Old Owl Show?

August 26, 2021 | Posted by: Owl Mortgage.ca

As the resident mortgage expert on CP24’s Hot Property for over 19 years, Vince Gaetano, founder of OwlMortgage.ca, deemed it second nature helping educate would be first time homebuyers and exi ...

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