A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement.
All in Rates
Your 5 Essential Steps for Successful Home Buying
Buying a home can be a scary thing, but it doesn’t have to be if you’re prepared! Follow these 5 thoughtful home buying steps to successfully make your biggest investment with no regrets!
Mid-Year Update: B.C. Home Price Forecast to End of 2019
The state of the market has changed a lot since our last forecast in March. Here’s an updated review of what the leading BC house price forecasts to the end of 2019.
Decoding Mortgage Broker Compensation
Compensation for mortgage brokers is typically a percentage of the mortgage amount. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
BoC leaves key interest rate unchanged. Why is this important?
The Bank of Canada just kept the overnight rate at 1.25% but leading economists expect hikes throughout the course of the year. Why is this the case and why does it matter?
Will the Bank of Canada raise rates next Wednesday?
A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement .
Why are there Real Estate Risk Assessments?
RBC recently released their periodic Housing Health Check. It is very similar to a quarterly CMHC Housing Market Assessment, but their dashboard is more detailed in some ways. The fact that RBC, the largest Canadian mortgage lender and CMHC the largest provider of mortgage default insurance have created these early warning systems should tell you that there is real risk in the real estate market.
Interest Rate Forecast
There have been some updates to interest rate forecasts since our last review of rates in December. The overall trend is upward but there are differing opinions on how high rates will rise.