The Bank of Canada’s April 13 interest rate hike of 0.5%—the biggest one-time rate jump in decades—caught many variable-rate mortgage holders off guard. Some are likely thinking about running to their local bank branch or mortgage specialist to lock into a standard five-year fixed rate. Those who do so will likely be welcomed into the lion’s…
We begin March with a much longer read, but hold on tight… it’s important and mostly good news! After a long ‘protest’ and waiting time, policy-makers are finally righting a wrong in the mortgage market! As of the 6th April, Canadians applying for default-insured mortgages will no longer have to go through the infamous “stress test.”…
We are now in 2018 – and the real estate market in Canada has brought fresh changes to the way we will be buying houses now and for the many years to come. And it’s not just an issue of very high prices anymore… On New Years’ Day, a new mortgage rule was approved that…
And we are back for the first blog of 2017 – we hope you’ve had an excellent New Year’s weekend and are looking forward to some interesting real estate investment projects. This weeks’ blog will discuss factors that could affect real estate prices in 2017, which could possibly help you invest at a lower price….
