After two years of steadily rising mortgage rates, it appears stability is on the horizon for borrowers.The historic 10-part hiking cycle from the central – which brought the the Prime rate in Canada to 7.2% and variable rates to around 6% – now appears to be in the rearview, as inflation trends in the right direction.
Read articleJon Jilani
Realtors are excited about a jump in home sales this January, and hopeful the month has marked the start of a trend back towards a sellers’ market. “Activity …
Read articleyou’re facing a significantly higher mortgage payment at renewal, a possible solution is to extend the amortization period of your mortgage (the length of time over which your payments are spread out).
Read articleThe Bank of Canada announced today that it will be increasing the key overnight rate by 50 basis points from 3.75% to 4.25%. This was widely …
Read articleAccording to data compiled by Ratehub.ca, homes across the country are becoming more affordable. We calculated the minimum annual income required …
Read articleThe Bank of Canada announced today that it will be increasing the key overnight rate by 50 basis points from 3.25% to 3.75%. This was a surprise …
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