If you’re looking to buy a new property, refinance, or renew an existing mortgage, chances are, you’re considering either a…
Canada-U.S. Tariff Tensions: What You Need to Know Starting February 1, the U.S. has imposed a 25% tariff on Canadian…
The Bank of Canada has just cut the overnight lending rate by 0.25%, bringing the prime rate down to 5.20%, effective immediately. While this rate cut is helpful today, there’s a growing risk that U.S. tariffs on Canadian goods could trigger inflation, forcing the Bank of Canada to raise rates again.
In today’s market, many homeowners are paying more than they need to on their mortgages. If your current interest rate is over 5%, you could be overpaying significantly. By breaking your mortgage and refinancing at a lower rate, you may save a substantial amount of money.
Consumers can expect a gradually building momentum in the housing market in 2024, with a focus on the anticipated relief from higher interest rates. It’s a step-by-step journey, and we’ll be walking a bit more before experiencing a more active pace.
What Happened on Wednesday? Yesterday’s Bank of Canada’s announcement was the quintessential ‘expect the unexpected’ The daily activity on my…
A hybrid approach to your next mortgage may be the right choice given today’s environment.
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