Saving for Your Dream Home: Effective Strategies
Fort St. John offers favourable income-to-home price ratios, making it an attractive area for affordable homeownership. Create a budget to evaluate income and expenses, and use budgeting apps like Mint […]
Bank of Canada increases interest rate to 5%
The Bank of Canada has raised its key interest rate to 5% from 4.75%, and the Bank Rate at 5.25% and the deposit rate at 5%. Canada's economy is stronger […]
Canada’s Record High Rents in Early-Summer
Avg asking price for a rental unit in Canada reached a record high of $2,042 in June. Yearly rent inflation for June was 7.5%, lower than the double-digit growth seen […]
Warning for REIT Investors
REIT valuations ↓ 30%-50% while cash flows continue to rise, resulting in historically low valuations.Balance sheets of REITs are strong, and many have guided for further growth by the end […]
What’s to Come in 2023: The Residential Mortgage Market Forecast
The Canadian mortgage market is set to undergo a major transformation, with non-bank lenders and new technology such as AI playing a major role. Government policies have also been a […]
A Look on the Rental Market in Canada
The avg price of rent in Canada ↑ 20% compared to pandemic lows. Across Canada, the avg price for: One-bedroom apartment: $1,811 Two-bedroom apartment: $2,239 Only 10 cities in Canada […]
Breaking Down Mortgage Insurance in Canada: What You Need to Know?
Understanding the Different Types of Mortgage Insurance in Canada Hello, Canadian homebuyers and mortgage enthusiasts! Are you confused about the ins and outs of mortgage insurance in the Great White […]
BoC rate hike put a chill on Canadian housing in June – Mortgage Rates & Mortgage Broker News in Canada
The Bank of Canada’s recent rate hikes have had a mixed impact on Canada’s major housing markets, with home sales and prices cooling down compared to May in some of […]
The Ultimate Home Sellers and Buyers Checklist
Ultimate Vancouver Home Sellers Checklist The Ultimate Vancouver Home Sellers Checklist is a comprehensive guide for ensuring a successful selling process in the Metro Vancouver housing market. When preparing to […]