new mortgage
June 6th, 2022 The Bank of Canada (BoC) has said it will be use its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising…
Interest Rate Announcement: 0.5% Hike and More Measures to Come June 1st, 2022 Bank of Canada Interest Rate Announcement Raises It Another 0.5% on June 1 This morning’s interest rate announcement by the Bank of Canada reveals another 50-basis-point hike to the key rate, bringing it up to 1.5 per cent. This is the third in a…
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…
Owning a home is a keystone of wealth… both financial affluence and emotional security.