The Bank of Canada left the target overnight rate unchanged this morning at 1.75%, where it’s sat since October 2018.
It’s a new record for 5 year fixed mortgage rates at 2.74%! How much lower can we expect mortgage rates to go as we enter the typically hot spring mortgage season?
BMO’s ultra hot 2.99% 5 year fixed mortgage rate is back! Available for high ratio mortgages, and featuring full service payment options, it looks to be a great deal – but is it in your best interest to lock in low when interest rates may rise?
CIBC is the latest Big 5 lender to pull out of the mortgage broker business, announcing today that they are shutting down FirstLine Mortgages, once the largest mortgage brokerage in Canada. It’s a move that reflects tough times ahead for the broker channel sector.
Breaking news! RBC and TD drop their 5-year mortgage rates by 10 basis points, effective today! How has global economic uncertainty caused a renewed demand for Government of Canada bonds? Read on to find out!
Buy first, or sell first? This is one of the biggest stresses for sellers. Unless you time both the purchase and sale perfectly, you could end up in one of two scenarios: living in a motel temporarily, or paying two mortgages at the same time. Here are a few things you can do to avoid this dilemma.
Four months after the home inspection and two months after closing, there were clear signs of water damage, moisture, mold, mildew, rot, dust and drywall deterioration in the basement. This situation is more common than one would expect and it begs the questions, just whose responsibility is the home inspection anyway?
The weather is slowly getting warmer. That means many things, but for those interested in real estate, spring is all about a sizzling, busy market.
This year, reports are warning us this could be the last hot spring market for awhile. Here are some suggestions for staying cool when the housing market is on fire all around you.