Mortgage and Real Estate Market Update – Fall 2022
We’re heading into the colder months now and a lot of homeowners and borrowers are wondering if they will be able to afford to own a home with the global cost of living rising and [...]
We’re heading into the colder months now and a lot of homeowners and borrowers are wondering if they will be able to afford to own a home with the global cost of living rising and [...]
Mortgage and Real Estate Market Update – Fall 2021 The third quarter of 2021 is nearly over and in many markets across Canada, we are starting to see things slowing down. However, we [...]
As COVID-19 negatively effects our markets, Bank of Canada has reduced bank of Canada overnight deposit rate by ½% . This should help anyone in a variable mortgage, lines of credit and consumer [...]
The Bank of Canada benchmark rate held at 1.75%. Difficulties with the Trade agreements is weighing heavily on the global economy, with no end in sight. While many of our international peers [...]
Key details regarding the first-time home buyer incentive, launching September 2nd, have been released. Under this program the government will offer assistance to first-time buyers in the form [...]
The federal government is considering a return of the 30-year amortization for insured mortgages, up from the 25-year limit now. This is great news for millennial first-time buyers who are [...]
On Wednesday October 24th the Bank of Canada increased it’s benchmark interest rate to 1.75%. This will affect those who have variable mortgages as most lenders have increased their prime [...]
The Bank of Canada has increased it’s Overnight Rate by 0.25% to 1.5%. This will affect the variable rates and lower term mortgages. The longer term fixed-rate products, that are more [...]
The Bank of Canada has increased it’s qualifying “stress test” rate by 20 basis points to 5.34% from 5.14%. The “stress test” was put into effect to ensure you can [...]
2017 was an interesting year. We saw the introduction of new mortgage qualifying rules, tighter underwriting, rising mortgage rates, and the rapid increase in home prices, spurring both [...]
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