Economic Overview What’s Happening in the Canadian Economy – And What It Means for Your Mortgage Canada’s economy is moving into a calmer phase after several years of high inflation and rising interest rates. The rapid interest-rate hikes we experienced were designed to slow inflation, and they’ve worked — but they’ve also made borrowing more […]
Continue ReadingSeptember Housing Market Update
Gerard’s Take: Interest Costs in 2024 Why is this? Many Canadians feel like we are in a recession with reduced spending power over the last two years and higher cost of mortgage renewals. In some cases, mortgage costs on renewals are going up by 200 – 300%. With current house prices being high and average […]
Continue ReadingOntario Home Buying Trends & Spring Interest Rate Update
What’s new in the Ontario housing market for April? Housing Demand: “Canadians are living longer, so they are occupying their homes longer!” As April showers start and we put away our snowshoes and skis and tune up our bikes and golf swing, let us turn our attention to the new home buyer. Immigration and Migration […]
Continue ReadingThe Housing Market is a Changing — Mortgage Trends for 2022 Part 2
So, Where do we stand now? A lot can happen in a month! Since our last update, we’ve seen major shifts take place in the housing market – as tides have turned things from a seller’s market into a stable market. Some would even say the buyer is gaining some presence in the real estate […]
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