by Glenn Maclaren | May 20, 2022 | Announcements, Homeownership, Mortgage
Buying a home can be challenging, especially when you’re saving up for a down payment based on higher property values in a hot market, as well as budgeting for closing costs, furniture, home improvements and so on. Fortunately, there were a number of new and renewed...
by Glenn Maclaren | Mar 4, 2022 | Announcements, Blog, Homeownership
When shopping for a mortgage, many people tend to focus exclusively on obtaining the lowest rate. This is due, in large part, to advertising messages indicating that this is the best action to take. Unquestionably, rate is an extremely important component of any...
by Glenn Maclaren | Feb 18, 2022 | Announcements, Blog, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Glenn Maclaren | Feb 4, 2022 | Announcements, Blog, Homeownership
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Glenn Maclaren | Jan 21, 2022 | Announcements, Blog, Economy, Homeownership
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Glenn Maclaren | Oct 29, 2021 | Announcements
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 the overnight rate is being...
