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At Michael Cameron Mortgages, understanding mortgages don’t stop once you’ve committed to one. Our mortgage blog page is here to help you stay informed and remain up-to-date on the latest news related to buying, owning, or refinancing a home. Whether it’s updates on interest rates, changes in policy affecting homeownership, or helpful tips for saving money while repaying your mortgage, our blog posts will provide all the information you need.

What is Canada’s Home Buyers’ Plan (HBP)

What is Canada’s Home Buyers’ Plan (HBP)

Are you a first-time home buyer looking for ways to finance your dream home? The Canadian government created the First-TIme Home Buyers Plan (HBP) to help make mortgages more accessible and affordable for first-time homebuyers. The Home Buyers' Plan (HBP) program...

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What is a Mortgage Pre-Approval

What is a Mortgage Pre-Approval

Far too often, Canadians mistakenly believe that the first step in the home-buying process is to connect with a realtor and view potential homes. However, this isn't accurate - getting a mortgage pre-approval should be your first step. Knowing exactly what you can...

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The Bank of Canada Hiked Rates By Only 25 bps

The Bank of Canada Hiked Rates By Only 25 bps

The Bank of Canada Hiked Rates By Only 25 bps, Signalling a Pause. As expected, the Bank of Canada--satisfied with the sharp decline in recent inflation pressure--raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0%...

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Bank of Canada Shocks with 100 bps Rate Hike

Bank of Canada Shocks with 100 bps Rate Hike

Super-Sized Rate Hike, Signalling More to Come The Governing Council of the Bank of Canada raised its target for the overnight policy rate by a full percentage point to 2-1/2%. The Bank is also continuing its policy of quantitative tightening (QT), reducing its...

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