Bank of Canada Rate Decision: What June 2026 Means for Your Mortgage
The Bank of Canada rate June 2026 decision arrives on June 10, 2026, and this one is less predictable than any decision in the past 18 months. After cutting the overnight rate steadily from 5.00% to the current 2.25%, the Bank is now facing a complication: oil prices have risen above $100 USD per barrel […]
Ontario Just Removed the HST on New Homes. Here Is What That Actually Means for You.
Ontario and the federal government just made the biggest new-home affordability announcement in a generation. The full 13% HST has been wiped off qualifying new home purchases in Ontario for one year, and it applies to every buyer, not just first-timers. If you have been watching a new build or pre-construction condo and waiting for […]
Pekoe Mortgages Receives Canada’s Best Award
Seeking a Mortgage Broker in Kitchener? Dive into the world of Pekoe Mortgages. Explore how our services can help you secure the perfect home loan.
Canadian HELOC Rule Changes 2023: What Borrowers Need to Know
On October 31, 2023, the Office of the Superintendent of Financial Institutions (OSFI) implemented Guideline B-20 changes that fundamentally altered how Canadians access home equity through HELOCs. The core change: federally regulated lenders can no longer allow the combined balance of a HELOC and any associated mortgage to exceed 65% of the property’s appraised value. […]
The Canmore, Alberta Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Canmore, Alberta can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, […]
The Kitchener Mortgage Maze: How a Broker Simplifies Your Journey
Navigating the world of mortgages in Kitchener can feel like wandering through a complex maze. With so many lenders, interest rates, and mortgage types to consider, finding the right home loan can be a daunting task. Fortunately, there’s a secret weapon that simplifies this journey – a professional mortgage broker. In this blog post, we’ll […]
Why Title Insurance is a Must-Have for Homeowners
As a homeowner, it’s important to protect your investment in your property. Title insurance is a type of insurance that safeguards homeowners from financial loss due to issues with the ownership of their home. In this post, we’ll explore the benefits of title insurance and why it’s a must-have for any homeowner.
Today’s Stress Test Announcement
OSFI Keeps the Stress Test as-is for uninsured mortgages The government arm that is responsible for the mandatory stress test or ‘mortgage qualifying rate’ has decided earlier today to maintain the stress test at its current level as it has a ‘sufficient cushion’ for both borrowers and banks ‘baked in’. Today’s rate was bumped up […]
Everything you wanted to know about Property Taxes
Property Taxes Might Be A New Concept for You if You’re a First Time Home Buyer Budgeting for a home goes beyond simply paying your mortgage. In addition you’ll have monthly expenses. Some of them will be variable like heat, hydro, and water. But others are fixed, like your internet and property taxes. If you’ve […]
With Today’s Announcement, The Bank of Canada starts to make some changes
Today’s Rate Announcement Earlier today, the Bank of Canada made their most recent rate announcement. And the news they shared contained some clues as to what might be on the horizon for mortgage interest rates. The big news wasn’t that the overnight lending rate was not going to be increased (yay for variable rate mortgages) […]