One of the big questions on everyone’s mind lately seems to be how to plan for the rising costs of living. What is the true economic outlook, where are interest rates headed, and should Canadians brace for impact sooner rather than later?
Interest Rates
Bank of Canada September Press Release
Bank of Canada maintains policy rate, continues forward guidance and current pace of quantitative easing.
Mortgage Qualification Stress Test Changing
The way Canadians qualify for a mortgage is changing; known as the ‘stress test,’ it may cause more stress as it will be harder to obtain a residential mortgage.
Are Fixed Rates Skyrocketing
If you’ve recently been asking yourself what’s going on with mortgage rates, you’re not alone. As we start moving towards economic recovery and investors’ optimism of vaccine availability to combat the coronavirus, fixed rates have started to edge upwards.
Avoiding Mortgage Handcuffs
Each person is unique, and so is their story. We’re talking about their personalities, their backgrounds, their perspectives, and their talents. But if each person is different then why do so many settle for cookie-cutter solutions when it comes to choosing a mortgage? As we all know, a mortgage is a legal contract between you […]