January 14th, 2019
Like many other market observers, Central 1 expects the Bank of Canada will hike its influential key interest rate this year — but the credit union also presents a possible … [read more]
January 11th, 2019
Ahead of the Bank of Canada’s first policy meeting of the year, scheduled for next week, Capital Economics is back at it again. The notoriously bearish economic research firm is … [read more]
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January 6th, 2019
Canadians today are having to spend the highest share of their disposable incomes on mortgage payments since the early-’90s, when the market was reeling from a collapse in prices. That … [read more]
Comments Off on Higher Debt, Rising Interest Rates & Fading Real Estate Wealth are Expected to Hinder Economic Growth
January 2nd, 2019
Not everyone is on the same page when it comes to where mortgage rates in Canada are headed. Many observers expect the Bank of Canada will continue to increase the … [read more]
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December 28th, 2018
The big story for the Canadian housing market in 2018 was a new mortgage stress test for uninsured buyers. Sales plummeted when it was first introduced by the federal government … [read more]
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December 19th, 2018
Canadians’ debt levels have started creeping upwards again, and it couldn’t have come at a worse time. While the country is infamous for its high levels of household debt, rising … [read more]
Comments Off on Where Interest Rates Are Going to Hit The Canadian Housing Market Hardest in 2019?
December 18th, 2018
Just a few months ago economists were predicting that the Bank of Canada would take a bullish stance on interest rates following its talk of ‘normalization’ of the interest rate … [read more]
Comments Off on BCREA Just One Interest Rate Rise in 2019 Most Likely
December 10th, 2018
Three interest rate hikes in 2019 — that’s what economists have been predicting for months, as part of the Bank of Canada’s ongoing strategy to keep the country’s inflation levels … [read more]
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November 26th, 2018
When the Bank of Canada decides to hike interest rates, the impact of the move tends to peak six quarters after the fact. But, according to one economist, the effect … [read more]
Comments Off on Mortgage Stress Test vs. High Interest Rates : Which Has Impacted The Canadian Housing Market More?
November 22nd, 2018
Owning a home is the American dream. Nearly everyone yearns for a beautiful home on their own patch of land, complete with a white picket fence. If a home purchase … [read more]
Comments Off on How to Pull Together The Down Payment for A Home?
November 14th, 2018
The Bank of Canada has been hiking interest rates all year, and Canada’s big banks have been raising mortgage rates accordingly. The result? A nationwide deterioration in housing affordability, according … [read more]
Comments Off on Higher Mortgage Rates are Effecting The Canadian Housing Affordability
November 5th, 2018
The third Bank of Canada rate hike this year could shut more first-time buyers out of the region’s housing market and add hundreds of dollars to some homeowners’ mortgage payments. … [read more]
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November 2nd, 2018
As was widely expected, the Bank of Canada (BoC) hiked the overnight rate to 1.75 percent today. Higher interest rates inevitably lead to higher mortgage rates, which means industry players … [read more]
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October 28th, 2018
Rising interest rates are frequently cited as a potential issue for Canadians looking to purchase a home. But according to one economist, they’re actually good news for the country’s housing … [read more]
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October 23rd, 2018
Finding your dream home is just one part of the home purchase process. The other part is finding a home loan that fits your needs and your budget. Let’s take … [read more]
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September 20th, 2018
It’s really fun to think about the financial goals, like buying a house or getting your dream car. It’s exciting! The last thing you want is to worry about anything … [read more]
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September 17th, 2018
Today’s affordability pressures are holding back the most eager would-be home buyers. In a recent study by CoreLogic and RTI Research, young millennial renters under the age of 29 are … [read more]
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September 17th, 2018
Obtaining mortgage loan insurance is mandatory for homebuyers in Canada who put between 5% and 19.99% for their down payment towards a new home or condo. While it’s ideal to … [read more]
Comments Off on Q&A About Canada’s Mortgage Load Insurance for Homebuyers
September 13th, 2018
The terms pre-qualified and pre-approved almost sound like they could be synonyms. But when it comes to home financing, there’s actually quite a big difference between the two—and securing pre-approval … [read more]
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September 12th, 2018
In line with economists’ consensus prediction, the Bank of Canada today chose not to hike its mortgage rate-influencing overnight rate. “As widely expected, the Bank of Canada left the overnight … [read more]
Comments Off on The Bank of Canada is on Track to Raise Interest Rates Again
September 10th, 2018
These days, saving money for a down payment is no easy feat. In the United States, it takes an average of six-and-a-half years to save for a 20 percent down … [read more]
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September 6th, 2018
While buying a home is one of the most exciting and rewarding things you’ll do in your life, it can also undoubtedly be one of the most stressful. This is … [read more]
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