Author: willbalo
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Bank of Canada Raises Rates to 2.5% (Oct. 28, 2026): What It Means for Your Mortgage
The Bank of Canada raised rates to 2.5% on October 28, 2026. Here is what the 0.25% hike means for prime, variable payments, fixed rates and renewals.
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50-Year Mortgage: Does Canada Have One, and Would It Help?
Canada does not offer 50-year mortgages. Here is what the U.S. idea was, what it would cost and better ways to lower your payment.
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Pay Down Your Mortgage or Invest? RRSP, TFSA and Prepayment Math
Should you prepay your mortgage or invest in an RRSP or TFSA? The Canadian math, with real examples and a simple framework.
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Mortgage Broker vs Bank in Canada: Which Is Better for You?
How a mortgage broker and a bank compare in Canada, how brokers get paid and when each is the better choice.
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Reverse Mortgage in Canada: How It Works, What It Costs and the Risks
How a reverse mortgage works in Canada, who qualifies, what it costs and how it compares with a HELOC or downsizing.
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HELOC in Canada: How to Qualify and What $100,000 Costs per Month
How a HELOC works in Canada, how much you can borrow, what it costs each month and how to qualify.
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3-Year or 5-Year Mortgage: Which Term Should You Choose in 2026?
Should you renew for 3 or 5 years? Rates, penalties and the break-even math behind a 3-year or 5-year mortgage in 2026.
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Mortgage Renewal Payment Shock in 2026: How Much Will Your Payment Rise?
How much mortgage payments are rising at renewal in 2026, a real example and six ways to soften the jump.