Bank of Canada Raises Rate by 1%
Last week, the Bank of Canada raised its key interest rate by 1%. The prime rate will be increased from 3.70% to 4.70%. Therefore, for...
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John Lee - Arise Mortgage
- Jul 6
- 2 min
Banking Regulator making changes to Home Equity Lines of Credit
Last week, Canada's financial regulator came out with new rules as to how borrowers might use Home Equity Lines of Credit (HELOCs). The...
John Lee - Arise Mortgage
- Jun 14
- 2 min
The Most Common Mortgage Renewal Questions, Answered!
When interest rates are increasing as they are today, many home owners are not looking forward to mortgage renewal time. It means that...
John Lee - Arise Mortgage
- Jun 7
- 2 min
Where To Put Your Down Payment Money When You're Ready To Buy
So you’re all ready and super excited to buy….you’ve got your pre-approval and your down payment is all set. You expect to be viewing...
John Lee - Arise Mortgage
- May 20
- 3 min
How can you protect yourself from inflation?
Inflation is going up higher and higher! The government seems to be very comfortable with higher inflation. There's no point in fighting...
John Lee - Arise Mortgage
- May 5
- 2 min
Thinking About Buying a Vacation Property? Here’s What You Need to Know.
Over the course of the pandemic, the desire for more space and a place to just hunker down surged. For some, that place was a cottage or...
John Lee - Arise Mortgage
- Apr 21
- 3 min
The Value of Working with Us, a Mortgage Professional
Securing financing to purchase a home can be a major undertaking. This is even more true for first-time buyers and particularly in...
John Lee - Arise Mortgage
- Apr 13
- 1 min
Bank of Canada Raises Rate by 50 bps
The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%. This marks the second change to the...
John Lee - Arise Mortgage
- Apr 5
- 2 min
Is now a good time to refinance your mortgage?
The big news in the mortgage world these days has been the steady increase in fixed mortgage rates. Since the start of the year, fixed...
John Lee - Arise Mortgage
- Mar 22
- 3 min
Should I leave my variable rate mortgage or turn it into a fixed rate mortgage?
Everyone is talking about rates going up these days. And variable rate is great when the Bank of Canada is keeping rates low but now,...
John Lee - Arise Mortgage
- Mar 9
- 1 min
Bank of Canada Raises Rates by 25 bps
The Bank of Canada has just raised its key lending rate by 25 basis points, citing… This marks the first change to the Bank’s overnight...
John Lee - Arise Mortgage
- Feb 23
- 2 min
Calculate Your Mortgage Qualification in Less Than 10 Seconds!
You want to calculate your mortgage qualification in less than 10 seconds?! No problem, we're going to show you how! We get it, time is...
John Lee - Arise Mortgage
- Feb 7
- 2 min
Rate Hikes Are Coming,What Should You Do?
The Bank of Canada may not have raised rates at its recent January meeting, but it’s clear that interest rates are headed higher tout...
John Lee - Arise Mortgage
- Jan 19
- 3 min
How Does a Mortgage Bridge Loan Work?
You’re buying a new home but you haven't sold your existing home yet. What options do you have and what should you do? For buyers who...
John Lee - Arise Mortgage
- Jan 4
- 2 min
What to Expect from Canada's Housing Market in 2022
I'd like to wish you a very happy, healthy, and prosperous 2022! Not many forecasters anticipated the extent of the housing market's...
John Lee - Arise Mortgage
- Dec 16, 2021
- 2 min
Planning on Gifting a Down Payment This Holiday Season?
The season of giving is upon us. For some parents, that means snapping up Black Friday deals to ensure happy kids on Christmas morning. ...
John Lee - Arise Mortgage
- Dec 2, 2021
- 1 min
BC To Introduce a "Cooling Off" Period
BC Financial Services Authority (BCFSA) has been working to strengthen protection for home buyers amidst the significant volatility in...
John Lee - Arise Mortgage
- Nov 15, 2021
- 2 min
Making Sense of All The Rate-Hike Predictions
There’s been a lot of talk in the news lately about where mortgage rates are headed. We know the obvious direction from here is up, but...
John Lee - Arise Mortgage
- Nov 1, 2021
- 2 min
Costs Associated With Closing a Home
We know that purchasing a home can come with many costs. Here are some that you can expect and prepare for when closing your home!...
John Lee - Arise Mortgage
- Oct 27, 2021
- 1 min
Bank of Canada holds interest rate and ends quantitative easing
The Bank of Canada announced this morning that they will be holding the key interest rate. Therefore, there is no change for those who...