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]
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]
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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?
October 30th, 2023
Canadians are breathing a sigh of relief as the Bank of Canada announced today that rates are staying put at the current 5% overnight lending rate. This announcement follows three … [read more]
Comments Off on Are Bank of Canada Rate Hikes Officially Done for 2023?
October 16th, 2023
From ultra-low interest rates that led to a huge spike in real estate demand to the speed with which interest rates shot up to levels not seen in a generation, … [read more]
Comments Off on Borrowers with Fixed Rates are Expected to See an Average Payment Increase Between 14% & 25% Next Year
October 5th, 2023
The process of getting a mortgage can be complex and time-consuming. Depending on market conditions and individual circumstances, getting approved typically takes 21 to 45 days. It is essential to … [read more]
Comments Off on Factors, Process & Time Frame to Get A Home Mortgage
October 4th, 2023
Bad news for investors : Canada’s inflation rate saw an uptick last month. For many prospective home buyers, this hardly came as a shock. And with Canada’s central bank continuing … [read more]
Comments Off on Will Mortgage Rates Go Down in Canada?
October 3rd, 2023
Mortgage pre-approval and pre-qualification are two different processes that help you secure a mortgage for buying a house. Prequalification estimates how much you can borrow without a credit check. On … [read more]
Comments Off on Understanding The Difference : Mortgage Pre-Qualification vs. Pre-Approval
September 11th, 2023
Mortgage pre-approval is an essential step when buying a house. It gives you a clear understanding of your budget and helps you make informed decisions when searching for properties. During … [read more]
Comments Off on Preparing Your Finances for A Mortgage Pre-Approval, Being Ready to Buy A Home
September 8th, 2023
Although it might feel like interest rates in 2023 are unbelievably high, they’ve been much higher before. The last time a 5-year fixed mortgage was higher than today’s 6.79% was … [read more]
Comments Off on Understanding The Inflation Impact on Mortgage Rates & Navigating The Upward Climb
August 4th, 2023
The Canadian mortgage market is at the precipice of an evolutionary shift as it ventures into a post-pandemic environment. With the 2023 Residential Mortgage Industry Report from the Canada Mortgage … [read more]
Comments Off on The Future of The Canadian Mortgage Market & Forecast
August 3rd, 2023
Rapidly rising interest rates have transformed mortgage preferences as borrowers increasingly opt for shorter-term fixed-rate contracts. The trend is happening as homebuyers look to find a balance between predictability and … [read more]
Comments Off on Shorter Fixed-Rate Mortgages Trend Finding A Balance Between Stability & Predictability
July 3rd, 2023
In January, the Bank of Canada raised interest rates to 4.50%, the eighth increase in 10 months. Since then rates have held steady, with the Bank comfortable with the effect … [read more]
Comments Off on Preparing for Rising Interest Rates with A Mortgage Pre-Approval
June 21st, 2023
Purchasing your first home is an exciting milestone, but it’s essential to approach it with careful planning and understanding. One of the most crucial aspects of buying a home is … [read more]
Comments Off on Checklist for Getting Your First Mortgage
June 20th, 2023
Buying a home is a dream for many people, and a mortgage is the most common way to finance it. If you’re wondering what a mortgage is and how it … [read more]
Comments Off on What You Need to Know Before Getting A Mortgage & The Steps Involved
June 14th, 2023
The Bank of Canada announced its second rate hike of the year, increasing the overnight rate by 0.25% to 4.75%. The Bank cited “stubbornly high” inflation as the main factor … [read more]
Comments Off on Bank of Canada 2nd Rate Hike of 2023 & The Impact on Spring/Summer Housing Market
Comments Off on Bank of Canada Held Rate Steady at 5% is Boosting Investor Confidence