June 10th, 2024
Well, after more than four (long) years, it’s finally happened. As many of Canada’s top economists forecasted in the weeks leading up, the Bank of Canada (BoC) has finally cut … [read more]
June 6th, 2024
Following more than two years of rate hikes and holds, the Bank of Canada has finally announced today that it is lowering the overnight lending rate by 25 basis points … [read more]
Comments Off on Finally, The News We All Been Waiting For : What This Means for Summer Housing Market?
June 3rd, 2024
The anticipation is building ahead of next week’s Bank of Canada (BoC) rate announcement, and real estate experts speculate it could mean a major shakeup for Metro Vancouver’s housing market. … [read more]
Comments Off on Will Sellers & Buyers Respond If Bank of Canada Interest Rates are Cut?
May 24th, 2024
The Canada Mortgage and Housing Corporation (CMHC) released its annual 2024 Mortgage Consumer Survey on May 8, 2024. The survey had feedback from nearly 4,000 people in Canada who renewed … [read more]
Comments Off on Mortgage Insights : Consumer Behaviours, Options & Challenges
May 21st, 2024
The latest Bank of Canada rate announcement was to hold its overnight rate target at 5%, alongside a bank rate of 5.25% and a deposit rate of 5%. Cuts are … [read more]
Comments Off on Homeowner Confidence and Potential Rate Cuts
May 15th, 2024
2024 is shaping up to be the year of the interest rate cut — on Canadian soil, at least. This is according to a report that came out last week … [read more]
Comments Off on Forecasting The Bank of Canada to Start Cutting Overnight Rate in June
May 14th, 2024
Homeowners due to renew their mortgage over the coming years will face steep jumps in payments, according to the Bank of Canada, with median monthly payment increasing by more than … [read more]
Comments Off on Central Bank Report : A Variable Rate Mortgage Monthly Payment to Increase by More Than 60%
May 13th, 2024
Despite the $3,000 rent on his two-bedroom condo, Zakary Wexler has a plan. The 29-year-old financial advisor with WEALTHinsurance.com in Vaughan, Ont. and his wife are setting aside several hundred … [read more]
Comments Off on High Rents & Stagnant Income Make Planning for A Home Purchase More Challenging
May 6th, 2024
The Bank of Canada (BOC) announced its Summary of Governing Council deliberations, to provide explanation and background to its April 10th, 2024 rate announcement. Key housing and shelter-related discussions and … [read more]
Comments Off on International Factors, Canadian Economy & Other Considerations That Impact The Bank of Canada Policy Decision
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]
Comments Off on Mortgage Shopping : Finding The Lowest Rates in A High Interest Rate Market
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
Comments Off on What The Interest Rate Cut Means for Canadians?