Canada

Canada’s Mortgage Renewals in May 2025

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There’s been a lot of worry about Canadians facing a mortgage payment shock — the idea that when people renew their mortgages, their payments would skyrocket due to higher interest rates. But according to the latest report from the Bank of Canada, the situation isn’t as bad as expected. Originally, it was predicted that mortgage … Read more

Understanding Mortgage Compounding Interest and Its Impact on Borrowers

A close-up image of stacked coins with a blurred clock, symbolizing time and money relationship.

With different banks offering significantly different mortgage rates, a common question I’ve been getting is, “Why?” If banks want to stay competitive, shouldn’t their rates be similar? And if a bank is offering significantly lower rates, how are they still making money? The answer is complex and depends on several factors. For example, some banks … Read more

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