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...
by Frances Hinojosa | Jun 17, 2022 | Blog, Homeownership, Mortgage
As the number of Canadians living alone continues to rise and the average size of households shrinks, the idea of the “nuclear family” as the typical Canadian household isn’t as accurate as it has been in past decades. If you’re buying a home on your own and wish to...
by Frances Hinojosa | Jun 3, 2022 | Blog, Homeownership, Mortgage
Over the past few years, house prices have seen staggering growth, rising significantly faster than average incomes and making the dream of homeownership increasingly difficult. Rising interest rates and relentless competition are also contributing to a sizzling...
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...
by Frances Hinojosa | Apr 8, 2022 | Blog, Homeownership, Mortgage
Welcome, Spring! This fresh new season creates a sense of hope for the warmer weather to come. And while you’ll likely begin spring cleaning your home and airing it out after it has been closed up all winter, it’s also important to dust off your mortgage contract...
by Frances Hinojosa | Mar 25, 2022 | Blog, Guest Post, Homeownership, Mortgage
Special Guest Post Originally posted by Ross Taylor at CanadianMortgageTrends.com, article can be found here All eyes have been on the Bank of Canada’s recent rate tightening and its impact on variable mortgages, but now there are fresh concerns given the...