Right in time for the holidays, the Bank of Canada is gifting Canadians with rate stability – just what borrowers wanted. The central bank announced …
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Steep borrowing costs are continuing to erode real estate demand, with the latest November numbers revealing slumping sales and price growth. According …
Read articleOn November 8, the Bank of Canada’s Governing Council – the six-member group that decides whether to raise, cut, or hold interest rates in the central bank’s rate policy announcements, released their Summary of Deliberations.
Read articleCanada’s banking regulator has not been shy in the past about voicing its concern over variable-rate mortgages with fixed payments, a mortgage product where a borrowers’ payment remains the same, even as the Bank of Canada increases its benchmark rate.
Read articleThis post was originally published on August 21, 2023, and was updated on March 4, 2024. It’s undoubtedly a stressful time to be shopping for …
Read articleIncreasingly high interest rates continued to erode Canadians’ ability to buy a home in September, despite the fact that home prices softened …
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