by Peter Lirantzis | Feb 18, 2022 | Announcements, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Peter Lirantzis | Feb 4, 2022 | Announcements, Blog, Economy, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Peter Lirantzis | Jan 21, 2022 | Announcements, Blog, Economy, Homeownership, Mortgage
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Peter Lirantzis | Oct 29, 2021 | Announcements
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank’s extraordinary forward guidance on the path for the overnight rate is being...
by Peter Lirantzis | Sep 10, 2021 | Announcements, Blog, Homeownership, Mortgage
Housing affordability is always an election hot topic – and this year is no different. Perhaps the most notable pledge in the Liberal party’s housing platform, and the one that’s attracted the most commentary, is a call to ban blind bidding as part of a new Home...
by Peter Lirantzis | Jul 15, 2021 | Announcements, Blog
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
