The latest in mortgage news: OSFI unveils minor changes to insurer capital adequacy test + MORE Sep 29th
The Latest in Mortgage News: BoC’s Affordability Index reaches worst level since 1991 Aug 15th
State of the mortgage market: Canadians anxious about their finances, but still see housing as a good investment + MORE Mar 8th
Can I afford to buy a second home? + MORE Sep 26th
What To Expect in 2023 Jan 6th
This B.C. tech worker is $60,000 in debt and paying mortgage for a plot of land. How can she get out of debt?
– thestar.com
Mortgage rates are heading up fast. Should you refinance and lock in before they go any higher?
– thestar.com
How the Bank of Canada’s interest rate works—and why it’s rising
– moneysense.ca
It’s the second time the Bank has raised its target interest rate this year, and the first time it has done so beyond a 0.25% increment since May 2000. After maintaining a benchmark rate of 0.25% in January—a record low first implemented in March 2020 in response to the COVID-19 pandemic—it increased the rate to half a percentage point in early March.
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Inflation, as measured by the consumer price index (CPI), has fuelled the need for a tightening of monetary policy in Canada…