5 Quick Reasons Why You Should Buy a Home Now During the Off-Season + MORE Jan 11th

Interested in learning more about property mortgages in Canada? Look no further!
Latest News
 loan

Climbing Debt, Diminishing Savings Highlighted in CBC Documentary Mar 6th

When it comes to debt management, many Canadians are struggling to keep up, with their housing situation being a source of stress. That was one of the key takeaways from the latest episode of CBC Television’s The Stats of Life, which focused on Canadian statistics surrounding savings (or lack.... More »
 secure line of credit

National Housing Update: How the Real Estate Industry is Faring One Month into 2019 + MORE Feb 16th

Real estate news is typically quiet in January, but there’s been quite a few developments as of late. To quickly recap, Canadian real estate in 2018 ended with four consecutive months of sales declines. Overall, there was a drop of 11 per cent nationwide, with the 2.5 per cent drop from November .... More »
mortgage

Mortgage growth has slowed… so why are BANKS winning & CONSUMERS losing? + MORE Feb 13th

I reviewed some recent stats that explain how overall mortgage growth has fallen to its lowest level in the past 17 years! Overall, mortgages outstanding across Canada total more than $1.5 trillion. And, while this total continues to increase year over year, the rate of growth has decreased. We sho.... More »
 loan

Debt Consolidation Tip: Pay less interest! + MORE Feb 22nd

The beginning of the year is typically tough financially for most of us. Holiday bill payments, RRSP contributions, property tax bills, etc. And, if you’re self-employed, you probably have to make some sort of business tax or corporate tax payment. If December is the Holiday Season, then Janua.... More »
5 Quick Reasons Why You Should Buy a Home Now During the Off-Season
Though the real estate market is nowhere as hot as it was, let’s say, two years ago, the fact of the matter is that home prices are going down, and some people are still looking to buy. Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but if you’re still hoping to move in 2019, this may be your time to buy before another interest rate hike – and according to our experts, we may see two to three more this year.
Fall and winter are often considered less desirable times of the year to search for that perfect home. Many home buyers prefer the hustle and bustle of the spring market, plus moving during the summer months means fewer interruptions to school and work schedules. But there are advantages to waiting until the quieter months of fall and winter that may make you change your mind. Here are some of the benefits of buying a home during the off-season:
Less competition
This is easily the best part about shopping during the off-season…

Continue Reading On ratesupermarket.ca »

Bank of Canada Holds Rates in First Announcement of 2019; Oil Prices a Big Factor
In its first announcement of the year, the Bank of Canada decided to hold its overnight rate at 1.75 per cent. It’s also lowering its growth forecast this year for Canada and around the world.
The Bank gave several reasons for its decision to keep rates steady – most notably drawing attention to low oil prices and the continuing international trade conflicts, and showing that not much has changed globally since the last announcement. However, this language used in this announcement is quite dovish compared to what we were hearing earlier in 2018. Forecasters are now predicting only two rates hikes this year, even though they previously predicted we would see as many as three rates hikes in 2019.
Rising interest rates and a stricter mortgage stress test may have led to a decline in affordability, but if you’re still hoping to move in 2019, this may be your time to buy before another interest rate hike. Find the best rates from Canadian lenders and mortgage brokers at RateSupermarket…

Continue Reading On ratesupermarket.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!