February 8th, 2019
The buying process might appear straightforward to any first-time buyer— you find the house you love, sign on the dotted line and get the keys. But prior to those months … [read more]
February 1st, 2019
The Bank of Canada has stepped to the sidelines since it last hiked the overnight rate, which influences rates on the mortgage market, this past October. Leaving the policy rate … [read more]
Comments Off on The Bank of Canada’s “Wait-And-See” Approach is Best for Homeowners
January 30th, 2019
Last week, Royal Bank of Canada lowered its posted five-year fixed rate from 3.89% to 3.74%. It was the first time since October 2017 that Canada’s biggest bank has lowered … [read more]
Comments Off on 5-Year Fixed Mortgage Rate Cuts, How Much will Borrowers Save?
January 28th, 2019
The asset management division of Canada’s biggest bank suggests there’s reason to be worried about the country’s housing market — but despite this, it expects higher interest rates remain on … [read more]
Comments Off on Higher Interest Rates Remain on the Horizon
January 25th, 2019
It’ll be hard to top the anticipation borrowers felt going into last year, a year that gave us one of the biggest mortgage rule changes of all time – the … [read more]
Comments Off on Mortgage Predictions for Canada’s Housing Market in 2019
January 24th, 2019
It wasn’t so long ago that there was hardly any doubt that Canadians would be seeing higher mortgage rates this year. The Bank of Canada was widely expected to continue … [read more]
Comments Off on Where are Canadian Mortgage Rates Headed in 2019?
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]
Comments Off on What Would It Take for Canadian Interest Rates to Drop in 2019?
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]
Comments Off on Capital Economists Renew Prediction for Lower Interest Rates in 2019
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]
Comments Off on Lower Interest Rates by the End of 2019?
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]
Comments Off on Stricter Mortgage Rules will Still Affect The Canadian Housing Market in 2019
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]
Comments Off on The Next Interest Rate Hike May Not Come Until Next Spring
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]
Comments Off on Rate Hike Could Shut Out More First-Time Buyers
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]
Comments Off on What Higher Interest Rates Mean for the 2019 Canadian Housing Market
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]
Comments Off on October Interest Rate Hike Could Be Good News for the Canadian Housing Market
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]
Comments Off on How to Make Sure You Get the Best Home Loan?
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]
Comments Off on Build the Credit for First Time Homebuyers
Comments Off on Essential Finance Tips for First-Time Homebuyer