Shawn MacDonald

Real Estate Agent – Re/max Twin City Realty Inc.

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Shawn MacDonald

Real Estate Agent – Re/max Twin City Realty Inc.

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All Posts in Category Uncategorized

Will the Bank of Canada hike interest rates in 2017?

By

shawnmc

Posted in Uncategorized On Oct 26, 2017

The Bank of Canada’s latest interest rate announcement has been trending since its last announcement six weeks ago – and for good reason. The big banks often follow the Bank of Canada’s lead when it comes to setting their interest rates for mortgages, home equity lines of credit and other loans. While the Bank didn’t…

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Ten ways the new mortgage rules will shake up the lending market

By

shawnmc

Posted in Uncategorized On Oct 26, 2017

T-minus 76 days and counting until Canada’s banking regulator launches its controversial mortgage stress test. It’ll be squarely aimed at people with heavier debt loads and at least 20 per cent equity – and it will be a tide turner. Given where Canada’s home prices and debt levels are at, this is easily the most…

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