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Bank of Canada Publishes First Summary of Deliberations

Bank of Canada Publishes First Summary of Deliberations

by Robert Stanfield | Feb 17, 2023 | Announcements, Blog, Economy

In its very first summary of deliberations released this month, the Bank of Canada (BoC) pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above 2% as the rationale for raising its key rate by a quarter of a percentage point...
It May Be Cheaper to Buy Than Rent Right Now

It May Be Cheaper to Buy Than Rent Right Now

by Robert Stanfield | Dec 16, 2022 | Announcements, Homeownership, Mortgage

There are many benefits to homeownership in any market. It’s important not to let the media tarnish your homeownership journey. And with average rent in Canada rising nearly 12% year-over-year in October 2022 to almost $2,000 – according to the National Rent Report –...
Rates Expected to Continue Rising

Rates Expected to Continue Rising

by Robert Stanfield | Jul 15, 2022 | Announcements, Blog, Homeownership, Mortgage

In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
Down Payment Options: Get Your Savings Working for You

Down Payment Options: Get Your Savings Working for You

by Robert Stanfield | Jun 3, 2022 | Announcements, Blog, Economy, Homeownership, Mortgage

Over the past few years, house prices have seen staggering growth, rising significantly faster than average incomes and making the dream of homeownership increasingly difficult. Rising interest rates and relentless competition are also contributing to a sizzling...
What’s a Rate Hold & When Do I Need One?

What’s a Rate Hold & When Do I Need One?

by Robert Stanfield | Feb 18, 2022 | Announcements, Homeownership, Mortgage

Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
2022 Forecast – Interest Rates, Inflation & Housing

2022 Forecast – Interest Rates, Inflation & Housing

by Robert Stanfield | 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....
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