The Jury Is Out on Rising Rates: Housing Headlines + MORE Jan 10th

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Welcome to this year’s first edition of Housing Headlines! I’ll be rounding up and breaking down the biggest news for Canada’s mortgage market, and what it means for your bottom line. Tune in weekly!
Canada’s housing market has enjoyed banner growth over the past few years, but the jury is out on whether the good times will last throughout 2015. New economic risks such as dropping oil prices and the resulting inflation lag have thrown housing market pundits through a loop, and split the once-confident consensus on rate growth this year.
Change in 2015? Don’t Count on It
It’s been widely accepted that 2015 will be the year for change in Canada’s housing market; the expectation is that the economy will have rebounded sufficiently by Q3 to warrant the tweaking of central rates. It’s anticipated that the Bank of Canada will inch the cost of borrowing higher by 0.25 per cent – 0.5 per cent by October, and up to a full 2 per cent by 2016.
But oil’s free fall has changed that according to Derek Holt, vice president of Scotiabank Economics…

The holidays have come and gone, and now we face three long months of Great Canadian Winter.

But that doesn’t mean our housing market has undergone a deep freeze; brokers and lenders continue to introduce rates so hot they rival peak-season summer pricing. Get the full story from our monthly expert panel below.
Meanwhile, house hunters battle the slush and salt in search of that dream home – and smart sellers know the off season presents great opportunity. Read on for our top tips.
7 Winter Open House Tips
Trying to sell a home during the off season presents many pros and cons – buyers tend to be more serious about making a purchase, but it can be tough to show off your property from under a foot of snow.
Help your home shine despite the season with these top winter open house tricks.
Read Allan’s Blog | 7 Winter Open House Tips
Housing Headlines: The Jury is Out
Welcome to this year’s first edition of Housing Headlines – a weekly roundup and breakdown of the top mortgage market news…