Bank of Canada announced this morning it is leaving its benchmark rate unchanged at one per cent. This comes after the Bank raised rates in twice this year…
Last month we reported that Canadian real estate sales slipped slightly, yet prices had increased. The Canadian Real Estate Association (CREA) just released their May numbers and let’s just say things have escalated quickly. The Toronto region saw sales drop 25.3…
Canadian home prices have been steadily rising – in fact, the pace they’ve risen at is the 4th fastest in the world, according to a new Scotiabank report. Here’s what you should know if you’re trying to enter the market, or are already a homeowner.
Mortgage rules B-21 and B-20 received an update this week, as OSFI introduced changes that target income assessment and assets for borrowers. Could this limit your ability to qualify for a mortgage? Read on for the full story.
Are you a prospective home buyer? It can be a jungle out there! From title fraud to poor credit, check out this guide to navigating the trickiest parts of buying a home.
Canada’s economic stance is one of caution, as risk of a recession looms globally and action pends on the U.S. fiscal cliff. As a result, there is no anticipated end to stimulus efforts on the home front, with mortgage rates remaining unchanged for the coming month.
A BMO study found that 41% of Boomers plan to sell their home to fund their retirement plan. However, should this growing segment choose to sell all at the same time, a hazard is posed to housing market supply and demand.
The good news is that more Canadians are debt-free and the average debt load of those living in debt hasn’t really increased over the last year. There seems to be a little more anxiety felt by those in debt and 51 per cent of respondents have prioritized paying down their debt over saving and investing in their future.
The Loonie is looking stronger than ever at $1.03 U.S., jumping in response to yesterday’s extreme American Federal Reserve stimulus announcement.