Forecasting Canada’s Housing Market in 2021

Forecasting Canada’s Housing Market in 2021

Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021. Instead, prices have since risen by approximately 22% to $603,000, as of November. That...
Forecasting Canada’s Housing Market in 2021

Should I Refinance My Mortgage?

I think we can safely say that 2020 has been a strange year. A year of lockdowns due to a pandemic, financial support from the government, and the lowest interest rates in recent history.  This has led to a rise in the number of homeowners who are considering...
Forecasting Canada’s Housing Market in 2021

Mortgage Deferrals Coming to an End

When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped...
Bank of Canada Cuts Rate Again

Bank of Canada Cuts Rate Again

Once again the Bank of Canada lowered its key interest rate by 50 basis points – to 0.25%. This is the rate the bank charges for short-term loans between retail banks, but it may impact the rates that Canadian consumers get for savings accounts, variable rate loans,...
The Bank of Canada (BoC) cuts key lending rate

The Bank of Canada (BoC) cuts key lending rate

Following on the heels of the US Federal Reserve’s emergency interest-rate cut yesterday, the BoC has cut its key lending rate by 50 basis points. It’s now 1.25%. This may lower the rates on lines of credit and variable-rate mortgages. This comes amid a global...

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