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2022 Forecast – Interest Rates, Inflation & Housing

2022 Forecast – Interest Rates, Inflation & Housing

by Steve Roode | 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....
Bank of Canada Report Finds 19% of Homebuyers are Investors

Bank of Canada Report Finds 19% of Homebuyers are Investors

by Steve Roode | Jan 21, 2022 | Announcements, Blog, Economy, Finance

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...
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program

by Steve Roode | Jul 16, 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....
Budget 2021 Reveals Little Change to Housing

Budget 2021 Reveals Little Change to Housing

by Steve Roode | May 7, 2021 | Announcements, Blog, Economy, Finance

Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
Enhanced Protection Introduced for New-Home Buyers in Ontario

Enhanced Protection Introduced for New-Home Buyers in Ontario

by Steve Roode | Feb 19, 2021 | Announcements, Blog, Homeownership

For many Ontarians, buying a new home represents a more suitable option than buying resale. The residential construction industry represents one of the largest sectors in the country, with the Canadian Home Builders’ Association reporting that 25% of all homes...
How Does Skipping a Mortgage Payment Work?

How Does Skipping a Mortgage Payment Work?

by Steve Roode | Nov 6, 2020 | Announcements, Homeownership, Mortgage

How Does Skipping a Mortgage Payment Work?   Many lenders provide the option for you to skip a mortgage payment each year to help alleviate those tight financial months where everything seems to come due at once. But this also may be an option to help you push...
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