First-time homebuyers in one market now have government down payment assistance
The Bank of Canada lowers interest rates and mortgages get cheaper right? Not necessarily.
Canadian households spent an average of $58,592 on goods and services in 2013, up 4.1 per cent from 2012.
When local house prices and rents become too unaffordable it can lead people to opt for unconventional solutions.
In what was described by one broker as “the most significant mortgage interest rate news in ten years,” the BoC’s surprise decision to axe its overnight rate target may have an unexpected effect on one type of mortgage product.
After much talk about the inevitable rise of interest rates, The Bank of Canada shocked many – but not all -- by lowering the overnight rate from one per cent to 0.75 per cent.
Most of us care about doing our jobs well, and about the relationships we have with clients. But "The Energy Bus" author Jon Gordon says your actions might be sending the opposite message.
Yesterday’s interest rate cut by the Bank of Canada was not widely expected and has not been universally welcomed but it’s certainly got everyone talking.
While the low interest rates will be good news for many homebuyers for those that are not able to obtain a mortgage through traditional lenders the ‘shadow’ banking sector is an increasingly popular choice.
Almost anywhere in the world the local population will say that the cost of living is too high but a new ranking shows that Canada is not even in the top 15 most expensive places to live.
For the first time in over four years the Bank of Canada has changed its target for the overnight rate, which may come as a surprise to brokers.