Are most Canadians waiting for the rates to fall to 3 % ??

Posted On Nov 08, 2024

Publishings from a recent poll state that 74% of Canadians are waiting for the rate to fall around 3% before they get into action for home buying.12 % would jump into the market if rates fell below 4% .37 % noted three per cent or lower would get...

There is no free lunch warns BOC

Posted On Nov 07, 2024

The 30 years Amortisation coming into effect soon and BOC pointed that:1) Moving from 25 to 30 years amortisation, borrowers could lower their monthly payment by 200$.2)However in doing so their interest cost over 5 years of the added amortisation...

Transitioning from Renter to Homeowner

Posted On Nov 05, 2024

So, you’re ready to transition from a renter to a homeowner. Congratulations! This is not only a very exciting endeavour, but also one of the biggest decisions you’ll ever make.To help ensure this is a smooth transition into becoming a homeowner,...

Bank of Canada Market Survey Sees Rates Staying Higher For Longer

Posted On Nov 05, 2024

Key points from this article.1)Canada’s most prominent financial professionals see interest rates staying higher for longer. They won’t even return to 2019-levels by the end of 2026, according to the majority of forecasts.2)Policymakers frame...

5 Tips to Manage Financial Stress

Posted On Nov 04, 2024

 Despite the Bank of Canada taking steps to reduce interest rates, many Canadians still feel pressure due to the overall cost of living and inflation. This uncertainty can be unnerving for many individuals, but don’t fret! I have some tips and...

Key Highlights from CMHC's Residential Mortgage Industry Report | Fall 2024

Posted On Nov 04, 2024

 HIGHLIGHTS Renewal risk remains as 1.2 million mortgages will come up for renewal in 2025. Most of these will experience higher interest rates than when their term began: 85% of those were contracted when the Bank of Canada rate was at or below 1%...