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Your mortgage renewal and rising rates: what you should know.

Mortgage renewals is a topic that has garnered a fair bit of media attention recently. And for good reason. Those facing a mortgage renewal in the coming months or even in the next year are rightly concerned about the impact higher rates will have on their monthly payments.  However, it’s important to remember that there […]

Canada’s new foreign home buyer ban

The start of the new year saw Canada’s new foreign buyer ban officially come into effect. The two year-ban was originally passed by Parliament in June to help address housing affordability challenges. It will apply to non-Canadian individuals and commercial enterprises. However, the Prohibition on the Purchase of Residential Property by Non-Canadians Act includes a long list […]

Its not just about the interest rate!

Its not just about the interest rate!  A common mistake some mortgage shoppers make is focusing entirely on getting the lowest rate. Don’t get me wrong, a low rate is important, of course, and that’s my goal too. But there are also other considerations to keep top of mind when looking at a mortgage product: […]

Understanding what’s needed for your home purchase down payment

For many homebuyers, the down payment is the biggest hurdle along the path to homeownership.  Understanding what’s needed for your home purchase down payment is the first key towards home ownership. This is especially true for first-time buyers, who often have to scrimp and save for years to come up with the down payment needed […]

The Bank of Canada raised its key lending rate.

The Bank of Canada raised its key lending rate by 100 basis points this morning, bringing it to 2.50%. The Bank said inflation is “higher and more persistent” than what it had forecast in April, and will likely remain “around 8% in the next few months.” In its statement accompanying the decision, the Bank said, […]

Bank of Canada Raises Rate by 50 bps

The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%. This marks the second change to the Bank’s overnight target rate this year and the first 50-bps rate hike since 2000. In its statement accompanying the decision, the Bank said, “With the economy moving into excess […]

What’s in the Federal Budget for Homebuyers?

Anne Martin Visit My Website  |  Email Me  |  Call Me What’s in the Federal Budget for Homebuyers? The federal government has earmarked more than $10 billion in new spending for housing-related initiatives, much of which is focused on increasing supply. In terms of housing initiatives, the federal budget delivers on a number of Liberal Party campaign promises made […]

How parents can help their children purchase a home.

Parents can help their children purchase a home in a number of ways.  They can act as a guarantor on the loan, co-sign for the mortgage or by gifting all or some of the down payment funds. Home Price increases Home prices in Canada have skyrocketed.   In 2021, prices in Canada have increased by 26.6% […]

How to make sense of all the rate hike predictions.

How to make sense of all the rate hike predictions that have been talked about in the news lately and where mortgage rates are headed can be pretty confusing. We know the obvious direction from here is up, but what we don’t know is how high and how quickly. Nobody, not even the experts, can […]

A Look at the Federal Government’s Housing Commitments

With the 2021 Federal election behind us, its a good time to take a look at the government’s housing commitments. Not much changed following last month’s federal election. However, the governing Liberals now have an opportunity to deliver a fresh slate of housing policies designed to create stability and assist first-time homebuyers in the marketplace. […]

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