News: Bank of Canada October 2022 Rate Hike — Here’s What It Means for You
Real Estate Market Updates
As predicted, the Bank of Canada announced yet another rate hike after their October 2022 meeting, but the pace of hikes may be slowing. Canada’s central bank continued its campaign to wrestle high inflation into submission on Wednesday, raising its benchmark interest rate by 50 basis points to 3.75 percent. The Bank of Canada’s rate […]
News: Bank of Canada Rate Hike to 2.5% — Here’s What It Means for You
Real Estate Market Updates
Bank of Canada Rate Hike to 2.5% — Here’s What It Means for You: The Bank of Canada has raised its benchmark interest rate by the largest amount in more than 20 years, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation. Canada’s central bank raised its benchmark interest rate […]
Why You Shouldn’t Pay Off Your Mortgage
Guides
Paying off your mortgage is one of the things that has been programmed into homeowners’ heads for years and years. The notion that being successful is having a good job and being debt-free. Work to pay down the mortgage. Save to pay off the mortgage. Put any extra money on the mortgage. If you haven’t […]
The New Mortgage Stress Test
Buying
We’ve been getting a lot of clients asking about the new mortgage stress test and what it actually means, so we decided to turn to one of our most trusted experts in the industry to share some insights on what’s really happening. Also, what it means for you as your look to purchase a new […]