Bank of Canada Prepared to Raise Interest Rates “Forcefully”
April 29, 2022 - Targeting high inflation is the Bank of Canada’s top priority, and it’s prepared to raise interest rates “forcefully” if that’s what’s needed.
Bank of Canada Governor Tiff Macklem made the comment in a speech before the...
Bank of Canada raising key interest rate to 0.5 per cent
March 02, 2022 - The Bank of Canada is increasing its trendsetting interest rate for the first time in more than three years.
The central bank announced Wednesday that it will increase the key rate target from 0.25 per cent, where it has stood since the...
Fixed Mortgage Rates Continue to Rise
February 28, 2022 - Fixed mortgage rates are once again on the rise after Canada’s 5-year bond yield reached a three-year high earlier this month.
Brokers and mortgage lenders, including the Big 6 banks, have been hiking fixed mortgage rates in recent...
MAKING CENTS OF YOUR DOWN PAYMENT
February 10, 2022 - Buying a home is exciting but saving up for it can be a challenge.These days, a dream home can seem like just that – a dream. Owning your own home might seem like a daunting goal but with the right strategies, it’s definitely...
Why did the Bank of Canada hold and what's next?
January 26, 2022 - The Bank of Canada defied market expectations today and held its rate at 0.25 per cent. The U.S. Federal Reserve announces its decision at 2 p.m. We will have full coverage of the decisions, the press conferences and the market reactions...
The Latest in Mortgage News
January 17, 2022 - It’s no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices.
In a mandate letter sent from the Prime Minister in December, Housing Minister Ahmed Hussen was...
Read this before applying for the First-Time Home Buyer Incentive
January 12, 2022 - In a red-hot real estate market, a little help with the down payment on a home can go a long way—especially when you’re a first-time buyer without the advantage of equity in an existing property. So when the Canadian federal government...
It’s essential to know your credit score before you start shopping for a home.
November 29, 2021 - The home of your dreams has finally hit the market! You anticipate it’ll be easy to get a mortgage but if your credit's not in great shape, your dream home may remain just a dream.
It's important to have a clear understanding of your...
Bank of Canada maintains policy rate and forward guidance, ends quantitative easing
October 27, 2021 - The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for...
Do you wonder sometimes if you’ll ever pay your mortgage off?
September 23, 2021 - Fortunately, there’s a simple strategy that can shave years off your mortgage and save you thousands of dollars in interest!
Making bi-weekly accelerated payments is one of the easiest ways to make your mortgage disappear!
Most of us pay...