All in Rates
As expected, the Bank of Canada has raised the overnight rate to 1.50%. This is significant because the overnight rate has risen 300% since beginning of 2016 when it was only 0.5%.
In this article, we explain the impact of this trend on mortgage payments and home prices.
A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement.
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!
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.
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.
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?
A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement .
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.
