by Glenn Maclaren | Mar 27, 2020 | Announcements, Blog, Mortgage
Bank of Canada lowers overnight rate target to ¼ percent The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision...
by Glenn Maclaren | Mar 20, 2020 | Blog, Economy, Finance, Homeownership, Mortgage
Over the past few weeks, the world as we know it has been changing at a rapid pace. Phrases like ‘self-isolation’, ‘social distancing’ and ‘flattening the curve’ have become a part of our daily lingo. We’re being asked to stay home, schools and attractions are closed,...
by Glenn Maclaren | Mar 13, 2020 | Announcements, Blog, Economy, Finance, Homeownership, Mortgage
Concern surrounding coronavirus – COVID-19 – has led to a crash in oil prices and economic uncertainty surrounding capital markets, which has resulted in most Canadian banks significantly reducing both fixed- and variable-rate mortgage rates. Around the world...
by Glenn Maclaren | Mar 6, 2020 | Blog, Homeownership, Mortgage
Choosing the mortgage term that’s right for you can be challenging for even the savviest of homebuyers, as terms typically range from six months up to 10 years. By understanding mortgage terms, you can save the most money and choose the term that’s best suited...
by Glenn Maclaren | Feb 28, 2020 | Blog, Finance, Homeownership
This is one of the most popular real estate questions: Should I sell my current home before buying a new one? And while there is no magic answer, there are many things you can do to mitigate your risks when choosing to buy and sell homes in unison. As with...
by Glenn Maclaren | Feb 21, 2020 | Blog, Economy, Homeownership
It’s no secret that homebuying in Canada has become increasingly challenging, particularly for first-time homebuyers. House prices have outpaced income, and those who have had their heart set on a single-family, detached home, are often discovering it isn’t...
