Mortgage news

Spring Consumer Survey Report

The Consumers’ Perspectives on Homebuying in Canada, prepared by Chief Economist Will Dunning, shows that Canadians are about the economy and housing market, however, the government imposed stress test for insured mortgages has had a negative impact and is not slowing down levels of consumer debt in Canada.  The report disclosed that 48% of future buyers have the expectation they will have to purchase insurance and qualify at the stress test rate, since their down...Read more

Bank of Canada raises interest rate for 1st time in 7 years to 0.75%

The Bank of Canada Rates increased by the anticipated ¼%. With Bond markets increasing, you may also see pressure on the longer term fixed rates to rise again.  The Experts are predicting rates to continue to rise slowly, however, low inflation remains a soft spot and robust consumer spending has to remain, including the active trading of Real Estate.   Contact The Mortgage Centre KW today to find out how this may affect you. Read more here>> Read more