by [email protected] | Oct 16, 2022 | mortgages
Climbing rates of interest as well as the general higher price of living are causing a multitude of Canadians to delay their homebuying plans. Nearly one in 5 Canadians (19%) claims they prepare to “postpone or de-prioritize” the purchase of a residence,...
by [email protected] | Jan 17, 2022 | mortgages
The Bank of Canada is finally coming around to the view that the rising cost of goods and services is perhaps not so transitory after all. The following is the key line from the Bank’s most recent Monetary Policy Report: “The recent increase in CPI inflation was...
by [email protected] | Jan 3, 2022 | Canadian Real Estate News, mortgages
Borrowers often feel torn between variable-rate and fixed-rate mortgages. But that is not the case in the near future. The case for the latter is almost overwhelming. According to a local Mortgage lender, the fixed rate for an owner-occupied five-year fixed is 2.59%....
