Mortgage
November 2021 Detailed Market Report
———– Each Executive Summary Report is for a specific TRREB zone combination and includes a map of the included zones and a 4 page summary for each property type (detached, semi-detached, townhomes, condos)The Information / statistics you can find in each Executive Summary Report include: Data comparing the – 1, 3, 5 and 10 year sales … Read more
Lock in a mortgage right NOW to save thousands!
The Government of Canada has signaled that we are in for a number of rate hikes in 2022, potentially starting as early as March or April. While the number of hikes, and the the ultimate rate increases are up for debate, the fact that mortgages are going to get more expensive is not. So what … Read more
Bond Yields have spiked upward – what does this mean for current and future mortgage rates?
As illustrated in the above chart, the Government of Canada 5-Year Bond Yields increased by 45 basis points (0.45%) from September 14th through October 15th (at time of writing). Why does this matter? 5-year fixed mortgage rates typically follow the 5-year Bond Yields which is the market’s view/prediction of where the Bank of Canada key interest … Read more
Mortgage and economic headlines October 2021.
Toronto Star Article: “Post-election Canada faces major macro uncertainties” Oct. 12, 2021Read More Article: “Are wages going up? The question everyone’s wondering” Oct. 4, 2021Read More Economic Update: Canadian Economy at a Glance Business Development Bank of Canada – October 2021Read More National Post Article: “Still working from home? Here’s how to get a tax break” Sept. 21, … Read more
The right way to buy a home for your adult kids.
When Ashton Paul was looking for a larger home to settle down, he turned to his parents for help. Mr. Paul, 35, had already proven he could handle the expenses that come with home ownership. In 2009, he gave his parents $70,000 towards a condo they bought for him as an investment property near the … Read more
July 2021 Mortgage Update
Bank of Canada Interest Rate Update On eight scheduled dates each year, the Bank of Canada issues a press release announcing its decision for the overnight rate target, together with a short explanation of the factors influencing the decision. This announcement can provide critical insight into the economy as well as the future timing and … Read more