The Bank of Canada is raising rates toward a “neutral interest rate” and this will lead to higher borrowing costs, and less money in your wallet.
All in Rates
The Trick To Getting A Mortgage With Bad Credit
Getting a mortgage with bad credit is possible. Depending on your situation, you could get financing from a Major Bank, Mortgage Specialist Bank, or Private Lender. They all want new business and this article will explain what each lender needs to make the deal work.
Why you should care that the Bank of Canada raised rates
As expected, the Bank of Canada has raised the overnight rate to 1.50%. This is significant because the overnight rate has risen 300% since beginning of 2016 when it was only 0.5%.
In this article, we explain the impact of this trend on mortgage payments and home prices.
Will the Bank of Canada raise rates July 11?
A look at what leading economists and the Big 6 banks are predicting ahead of next Wednesday’s Bank Rate announcement.
Your 5 Essential Steps for Successful Home Buying
Buying a home can be a scary thing, but it doesn’t have to be if you’re prepared! Follow these 5 thoughtful home buying steps to successfully make your biggest investment with no regrets!
Mid-Year Update: B.C. Home Price Forecast to End of 2019
The state of the market has changed a lot since our last forecast in March. Here’s an updated review of what the leading BC house price forecasts to the end of 2019.
Decoding Mortgage Broker Compensation
Compensation for mortgage brokers is typically a percentage of the mortgage amount. This has the potential to drive unethical behaviour that you should learn to identify and avoid.
BoC leaves key interest rate unchanged. Why is this important?
The Bank of Canada just kept the overnight rate at 1.25% but leading economists expect hikes throughout the course of the year. Why is this the case and why does it matter?