I have been waiting for things to stabilize before making any client facing communication but we aren’t there yet… firstly, these chaotic moments will pass. The mortgage rate market is sorting itself out as lenders figure out risk vs. hysteria. Prime Rate has come down a full 1% in March and further cuts expected. Bond […]

Tempered Rate Forecasts for 2019 STEVE HUEBLDECEMBER 6, 2018 Share via: 0Shares Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at yesterday’s rate hold announcement, which confirmed a growing chorus of […]

Q3 Canadian GDP Growth Slowed On The Back of Weak Housing and Business Investment  

Canadian Home Sales Weakened In October

RBC, TD, CIBC and BMO raise prime rates following Bank of Canada interest rate hike     As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in […]

https://www.theglobeandmail.com/business/economy/interest-rates/article-bank-of-canada-holds-rates-steady-remains-cautious-on-future-hikes/

https://www.bnn.ca/canadians-home-buying-intentions-highest-in-8-years-poll-finds-1.1045230 Interesting news shared in this segment. Education to the current status of mortgage lending available is key to all prospective buyers. I welcome the chance to help. BNN – CDN home buyer intentions

New mortgage rules 2018: A practical guide By Erica Alini National Online Journalist, Money/Consumer  Global News 13 2.5k   424     more WATCH: New mortgage rules mean you might have to buy a smaller home. – A A + Listen Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be […]