Since my last quarterly update we have had some industry shaking government imposed changes for which the full effect won’t be clear until well after fall. As this is just an update I’ll only provide my concise view on each […]
A short time ago Canada Mortgage and Housing Corporation (CMHC) changed the rules on how much down payment buyers have to have in place to buy a home worth more than $500,000. The new rules stated that you have to […]
With significant uncertainty with the global economy, the overnight (Bank of Canada rate) is expected to remain low. But fixed rates have different influences. For bond yields, thus fixed rates, to remain low, to global market needs to have comfort […]
Variable Outlook remains for prime rate to stay at it’s current level of 2.70%. Variable rate discounts have improved and might see further improvement as the competitive spring market gets into full swing. Fixed Fixed rates are trending lower with […]
Variable Rates There is increased anticipation that the Bank of Canada will be decreasing the over night rate again. Most expectations are for a 0.25% drop. However as we saw with the previous rate drop the banks only passed along […]
