The Bank of Canada’s decision to increase interest rates to 1.75% Wednesday was not a surprise to many, but an
In its latest annual Mortgage Consumer Survey, the Canada Mortgage and Housing Corporation found that would-be borrowers vastly preferred their
After a slow start to the year, Canadian home prices have been warming up for months. But does that mean
Canadian home prices have been slowly trending upwards for the past few months, with plenty of industry speculation about what
National housing starts fell for the third consecutive month in October, in what some industry experts are calling a further
Canada’s steady trend of economic strength might justify even further hikes in the BoC’s interest rates, according to observers. The
A benchmark of sustainability performance by real estate companies and funds across North America has found an improved level of,
Money and family can be a tricky combo to manage, especially when comes to one of life’s most expensive purchases — buying your first home.
The Bank of Canada is unlikely to increase interest rates next week according to a panel of leading economists, which has also commented on Canadian housing policy.
“The bottom line is that the Canadian government needs to find ways to support, even incentivize, homebuyers in Canada (especially first-timers who are facing challenges entering the market) rather than penalize them.”
A leading Canadian reverse mortgage lender says that today’s seniors are not ‘old’ and are pushing back against stereotypes.
As property values have soared, Canadians have been increasingly securing loans through home equity lines of credit, or HELOCS — which let borrowers tap into the value of their home even if they aren’t finished paying off a mortgage.
A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.).
Bank of Canada won’t hike mortgage-influencing policy rate ‘by much and not anytime soon,’ says economist
The unexpectedly weak Canadian housing market is one factor making it likely Bank of Canada Governor Stephen Poloz will take a less aggressive approach to interest rates this year, notes an economist with one of the country’s biggest banks.
Higher interest rates and new lending rules have curbed Canadians’ appetite for taking on mortgage debt, a new report suggests.
Technology has, indeed, begun transforming the mortgage industry, and if Homewise is any indication, the change is momentous.
The housing declines observed nationwide last month might be a disturbing indicator that the current mortgage rules are actually too heavy-handed, according to Ryerson University associate professor Murtaza Haider and real estate industry veteran Stephen Moranis.
Born and raised in beautiful Mount Pearl, starting his career in finance upon graduating with a Business Administration Diploma. Ian is always advocating for the client and offering the best service.
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