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It May Be Cheaper to Buy Than Rent Right Now

It May Be Cheaper to Buy Than Rent Right Now

by Nick alafogiannis | Dec 16, 2022 | Announcements, Homeownership

There are many benefits to homeownership in any market. It’s important not to let the media tarnish your homeownership journey. And with average rent in Canada rising nearly 12% year-over-year in October 2022 to almost $2,000 – according to the National Rent Report –...
Rates Expected to Continue Rising

Rates Expected to Continue Rising

by Frances Hinojosa | Jul 15, 2022 | Announcements, Blog, Economy, Mortgage

In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
Looking to Buy a Home? Federal Budget Initiatives May Help

Looking to Buy a Home? Federal Budget Initiatives May Help

by Frances Hinojosa | May 20, 2022 | Announcements, Blog, Mortgage

Looking to Buy a Home? Federal Budget Initiatives May Help 5 housing-related highlights from the federal budget: Tax-Free First Home Savings Account. Beginning in January 2023, this new account will allow prospective homebuyers to contribute up to $40,000 ($8,000 per...
2022 Forecast – Interest Rates, Inflation & Housing

2022 Forecast – Interest Rates, Inflation & Housing

by Frances Hinojosa | Feb 4, 2022 | Announcements, Blog, Economy, Finance, Homeownership, Mortgage

In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
Bank of Canada Report Finds 19% of Homebuyers are Investors

Bank of Canada Report Finds 19% of Homebuyers are Investors

by Frances Hinojosa | Jan 21, 2022 | Announcements, Finance, Homeownership, Mortgage

New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic.    The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing

Bank of Canada maintains policy rate and forward guidance, ends quantitative easing

by Frances Hinojosa | Oct 29, 2021 | Announcements

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight rate is being...
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Recent Posts

  • Three New Regulatory Proposals Could Restrict Mortgage Borrowing Power
  • Where’s the Housing Market Headed in 2023?
  • It May Be Cheaper to Buy Than Rent Right Now
  • Are You a Subconscious Spender?
  • What’s a Trigger Rate?

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