TORONTO — Mortgage shopping isn’t getting much easier these days. The highly anticipated interest rate cuts so many have been banking on this year keep getting pushed back, while borrowers … [read more]
Canadians hoping the Bank of Canada cuts interest rates soon should be careful what they wish for, experts warn, as lowering borrowing costs are likely to reignite the housing market, … [read more]
Some relief is coming for Canada’s indebted borrowers and prospective homebuyers who have been waiting on the sidelines for better marketplace conditions to buy a home. According to a new … [read more]
The Bank of Canada (BoC) released its latest summary of deliberations this week, and, in a welcomed turn of events, has finally given Canadians a clue about rate cuts to … [read more]
As of late, governments at all levels have woken up, and have been taking action on housing supply ….. Kind of. Rental programs, subsidies, foreign buyer bans, nightly rental bans, … [read more]
Buying a home is one of the most significant financial decisions you’ll make in your life. Unfortunately, the process of securing a mortgage can be complex, and it’s crucial to … [read more]
Although the Bank will have to cut the overnight lending rate for variable rates to fall, the commentary provided in today’s announcement alluded that the rate may be held as … [read more]
A crucial question faces prospective homebuyers in many of Canada’s priciest cities as the spring approaches. Is it better to wait for further interest rate declines, widely expected later this … [read more]
Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for … [read more]
The real estate market is a complex and dynamic arena where various factors interplay to determine home values. Understanding these factors is crucial for homeowners, investors, and industry professionals to … [read more]
The Bank of Canada announced today it is holding the overnight lending rate at 5%, a move that many experts predicted. But with inflation rising in December to 3.4% – … [read more]
New data shows that Canadian home prices ended the year on a “downward trend,” and aren’t expected to bottom out until at least late spring. The latest Teranet-National Bank Composite … [read more]
In the Bank of Canada’s most recent December announcement, many saw glimmers of hope that interest rate hikes were over. The Bank of Canada held the overnight rate at 5% … [read more]
No growth, no interest rate hike. That’s the message from the Bank of Canada this morning, as it held its policy rate steady at 5% as part of a policy … [read more]
The first policy interest rate cut for Canada this year could come as soon as this spring, according to Marc Ercolao and TD Economics. After a year where interest rates … [read more]
The Bank of Canada (BoC) is set to issue the first interest rate update of the year next week on Wednesday, January 24. The announcement will come at 10 am … [read more]
There could be some good news for mortgage holders and other borrowers, as borrowing costs could become cheaper later this year. If the economic trends hold, according to a new … [read more]
Canadians have faced a tough few years as inflation and interest rates have skyrocketed. The impact of higher rates has been felt in the housing market, both for prospective buyers/sellers … [read more]
The Bank of Canada’s decision today to hold steady at the current 5% overnight lending rate is a hopeful sign that inflation is cooling and the goal to slow spending … [read more]
Navigating the complexities of real estate transactions becomes even more challenging when bad credit enters the equation. For real estate agents, mastering the intricacies of credit issues is not just … [read more]
The choice between a fixed mortgage and a variable mortgage is a pivotal decision for Canadian homebuyers. Both options present unique advantages and challenges, each catering to different financial needs … [read more]
Are you considering buying a home in Canada? Congratulations! Becoming a homeowner is an exciting milestone, but it can also be overwhelming. There are many things to consider when purchasing … [read more]
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