Are you feeling the pressure from today’s too-hot-to-handle real estate prices? You’re not alone – a recent report from Royal LePage finds prices have steadily risen in nearly every market in Canada. But a silver lining for those worried they’ll be priced out – the Bank of Canada has opted to keep the cost of borrowing, and mortgage rates, low for the time being. Meanwhile, Ontario buyers have extra peace of mind on their home inspections. Read on for the latest.
The Bank of Canada Leaves April Rate Unchanged
The Bank of Canada has left the cost of borrowing unchanged in its April announcement, as low oil prices counter tepid economic improvements. How will this impact the economy – and YOUR mortgage rate? Read on to learn more.
Read Penelope’s Blog | The Bank of Canada Leaves April Rates Unchanged
Canadian Home Prices Rise 7.9%
The latest Royal LePage House Price Survey finds average Canadian home prices are up 7.9%, with Toronto and Vancouver markets leading most of the growth. Read on for our regional breakdown.
Read Gordon’s Blog | Canadian Home Prices Rise 7.9%
Ontario to Introduce Home Inspector Regulations
The province of Ontario has announced it will introduce new home inspector regulations to better protect home buyers. Here’s what you need to know about hiring an inspector – and spot a few problem areas on your own.
Read Allan’s Blog | Ontario to Introduce Home Inspector Regulations
Personal Finance: Liberal Budget Tax Changes
A number of Liberal budget tax changes were announced late last month with implications for millions of Canadian families. Here’s what you need to know about the changes.
Read Sean’s Blog | Liberal Budget Tax Changes
Mortgages: Should You Choose a Long or Short Term Mortgage?
It can be easy to focus on interest rates when choosing a mortgage, but deciding on a long or short term mortgage can have a big impact on your payments. Read on to explore the pros and cons of each – and what to expect if you try to break your mortgage term early.
Read Allan’s Blog | Should You Choose a Long or Short Term Mortgage?
Economy: U.S. MBS Selloff – The Canadian Impact
The U.S. Federal Reserve has announced its intention to sell off its huge store of mortgage-backed securities – a sign the nation is rebounding from the 2008 financial crisis. How will this impact Canada’s own economic recovery? Read on for Rubina’s breakdown.
Read Rubina’s Blog | U.S. MBS Selloff – The Canadian Impact