by Josh | Feb 21, 2018 | Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
The first time you do something, you’re likely to make mistakes. Unfortunately, mistakes when you buy a home are truly costly. Here are the common mistakes many first-time Calgary home buyers make and how to avoid making them yourself. Assuming You Don’t Have... by Josh | Feb 1, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized
Canada’s housing market has long been considered quite overheated. This trend is mostly driven by the extreme markets of Vancouver and Toronto housing markets; these are the markets that government regulations limit loan to value ratios among others that were targeted... by Josh | Jan 19, 2018 | Economic, Mortgage Rates
The Bank of Canada raised interest rates by a quarter-percentage-point at its January 17, 2018 meeting. This brought the benchmark rate to 1.25%, the first time it was over 1% since 2009. That was the third interest rate hike since the summer of 2017. The Bank of... by Josh | Jan 3, 2018 | Economic, Mortgage Blog, Mortgage Rates, News
In January, 2018, the Bank of Canada raised its lending rate to 1.25 percent from 1 percent, the highest level since 2009. The decision was based on an economy at near full capacity and recovery in inflation rates. This caused the Canadian dollar to sink, though it... by Josh | Nov 16, 2017 | Mortgage Rates, Mortgage Tips & Advice
Today, most rates on Canada’s most popular mortgage – the five-year fixed – are at or north of 3 per cent. In just the past three months alone, the five-year government yield – which leads fixed mortgage rates – has rocketed 75 per cent higher. Despite mounting... by Josh | Nov 1, 2017 | Economic, Mortgage Rates
After the Bank of Canada announced last month that it would be standing pat on interest rates (for now), mortgage holders are wondering what’s next. Is it time to lock in? If renewal is in your future, should you choose variable or fixed? How high are rates going to...
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