Article content Floating-rate borrowers got their Christmas bonus from the Bank of Canada on Wednesday: a half-point drop in their borrowing costs. Article content That has more mortgage shoppers on the lookout for cheap variable deals. The lowest nationally advertised pricing now starts at: 4.25 per cent if insured, or prime minus 1.20 per cent […]
Article content Variable-rate borrowers are counting the minutes until the Bank of Canada’s expected rate cut next Wednesday. Markets are betting on a quarter-point trim to Canada’s policy rate. That means the benchmark prime rate should dip to 5.70 per cent for the first time in more than two years. Article content That’s the good news. […]
Article content Homebuyers are unlikely to flood back into the housing market this spring; rather their return will be “staggered” over the second half of the year, says one economist. Some observers have forecast a busy spring season, as buyers, heartened by the prospect of Bank of Canada interest rate cuts, rush back to the […]
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Article content The Calgary real estate market set another record for sales in June and benchmark prices ticked up for the sixth consecutive month as persistently low inventory levels kept conditions tight by historical standards. Article content The total number of units sold in June was 3,146, slightly surpassing the previous month’s figure of 3,121, […]
Breadcrumb Trail Links Real Estate Personal Finance News Understanding your options will allow you to build a home purchase strategy that turns your dream into a reality The FHSA is an exciting new addition to the savings programs that homeowners can leverage when purchasing their first home. Photo by Getty Images/iStockphoto Reviews and recommendations are […]
Breadcrumb Trail Links Real Estate Mortgages Housing affordability near the worst it has been in more than 30 years A realtor’s sign outside a house for sale in Toronto. Photo by Chris Helgren/Reuters/File Photo Article content The housing market may be hearing up again, but most Canadians are still waiting on the sidelines for mortgage […]
Breadcrumb Trail Links Real Estate Sales up 44% in March from month before Get the latest from Stephanie Hughes straight to your inbox Sign Up Toronto home prices rose more than one per cent in March from February, according to data from the Toronto Regional Real Estate Board. Photo by Peter J. Thompson/National Post Article […]
Article content Mortgage brokers are beginning to see more instances of default on privately financed loans and an increase in powers of sale as the central bank raises interest rates at an unprecedented clip. “We’re starting to see some power in sales in the marketplace in the GTA, and we are also starting to see […]