Higher Interest Rates in Canada Could Mean More Affordable Mortgages May 2022 Higher interest rates could be coming to Canada in the next few years, which could mean more affordable mortgages for Canadians. The Bank of Canada has announced that it is planning to increase its key interest rate by 0.25% in the near future, …
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The Bank of Canada (BoC) has recently released its latest inflation data Canada’s inflation rate inched up to a new 31-year high in April, causing many observers to suggest the Bank of Canada is now more likely to deliver two back-to-back half-point rate hikes in June and July. On Wednesday, Statistics Canada revealed that its …
What does the latest inflation data mean for future rate hikes? Read More »
The new Canadian federal budget and what it means for homebuyers This year’s Canadian federal budget was released on March 22, and it included a number of changes that will affect homebuyers. Perhaps the most significant change is the increase to the minimum down payment for insured mortgages. As of now, all homebuyers who require …
What’s in store for Homebuyers in Canada’s New Federal Budget? Read More »
Types of mortgages There are a variety of different types of mortgages available to consumers. The most common type is the fixed rate mortgage, in which the interest rate remains constant for the life of the loan. This is a good option for consumers who want predictability and stability in their monthly payments. Another popular …
Mortgage Consumers Looking for More Than a Great Rate! Read More »
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