April 23rd, 2024
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]
April 22nd, 2024
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]
Comments Off on A Rate Cut Won’t Save The Affordability, Only to Fuel The Housing Market
April 9th, 2024
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]
Comments Off on Canadian Interest Rates to Begin Drops Starting This Spring
April 4th, 2024
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]
Comments Off on The Bank of Canada Indicated That A Rate Cut is Indeed Imminent
April 2nd, 2024
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]
Comments Off on Rate Cuts Remain A Must for Housing Supply
March 13th, 2024
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]
Comments Off on How to Avoid Mortgage Fraud? – A Well-Informed & Cautions Approach is The Best Defense
March 13th, 2024
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]
Comments Off on Are Interest Rates Ever Going to Drop for Spring Market?
March 6th, 2024
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]
Comments Off on Homebuyers Whether to Prioritize Prices (Jump) or Interest Rates (Wait)
March 4th, 2024
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]
Comments Off on Understanding The Steps for A Pre-Approval Home Loan
February 19th, 2024
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]
Comments Off on Inventory, Interest Rates, Economic & Government Policies Factors Interplay That Impact Housing Markets
February 7th, 2024
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]
Comments Off on Interest Rates Holding Steady Offers Homebuying Confidence
February 6th, 2024
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]
Comments Off on Interest Rate Cuts Expected Should Set The Stage of Market Stabilization in Q2
February 2nd, 2024
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]
Comments Off on Leveraging Lower Rates vs. Competing with Higher Rates
February 1st, 2024
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]
Comments Off on Bank of Canada Held Rate Steady at 5% is Boosting Investor Confidence
January 23rd, 2024
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]
Comments Off on How Expected Interest Rates Decrease will Impact Housing Market This Year?
January 22nd, 2024
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]
Comments Off on What to Expect from 2024’s 1st Bank of Canada Interest Rate Announcement?
January 15th, 2024
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]
Comments Off on Bank of Canada’s Policy Interest Rate Forecasts to 4.25% by Late 2024
December 18th, 2023
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]
Comments Off on Navigating The Evolving Mortgage Trends in Canada
December 13th, 2023
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]
Comments Off on Are Bank of Canada Rate Cuts in Store for 2024?
November 29th, 2023
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]
Comments Off on The Impact of Bad Credit on Real Estate Transactions
November 23rd, 2023
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]
Comments Off on Understanding Fixed Mortgage vs. Variable & The Impact of Economic Factors
November 8th, 2023
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]
Comments Off on What is The Mortgage Stress Test in Canada?
Comments Off on Mortgage Shopping : Finding The Lowest Rates in A High Interest Rate Market