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A Look at the Government’s Housing Commitments

A Look at the Government’s Housing Commitments

Not much changed following last month’s federal election. However, the governing Liberals now have an opportunity to deliver a fresh slate of housing policies designed to create stability and assist first-time homebuyers in the marketplace. If implemented, some of...

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A Look at the Government’s Housing Commitments

Mortgage Rates Are Rising. What Does it Mean for You?

Hi,Mortgage rates have spent the better part of the past year in near-freefall, with numerous terms setting fresh record lows. But a couple of weeks ago, rates pulled a U-turn and have been starting to climb higher ever since. And here’s why. Since the beginning of...

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A Look at the Government’s Housing Commitments

Tips to Review Your Financial Health

Whether you’re a prospective homebuyer or an existing homeowner already paying down a mortgage, ensuring your finances are in good order is crucial for your overall financial health. With tax/RRSP season just around the corner, now is a great time to review your...

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A Look at the Government’s Housing Commitments

Forecasting Canada’s Housing Market in 2021

Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021. Instead, prices have since risen by approximately 22% to $603,000, as of November. That...

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A Look at the Government’s Housing Commitments

Should I Refinance My Mortgage?

I think we can safely say that 2020 has been a strange year. A year of lockdowns due to a pandemic, financial support from the government, and the lowest interest rates in recent history.  This has led to a rise in the number of homeowners who are considering...

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A Look at the Government’s Housing Commitments

Mortgage Deferrals Coming to an End

When the pandemic hit Canada in March, and we were asked to stay at home, and that all but essential services remain open, many were concerned about how they were going to pay the bills, including their mortgages. To their credit, lenders and mortgage insurers stepped...

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Bank of Canada Cuts Rate Again

Bank of Canada Cuts Rate Again

Once again the Bank of Canada lowered its key interest rate by 50 basis points – to 0.25%. This is the rate the bank charges for short-term loans between retail banks, but it may impact the rates that Canadian consumers get for savings accounts, variable rate loans,...

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The Bank of Canada (BoC) cuts key lending rate

The Bank of Canada (BoC) cuts key lending rate

Following on the heels of the US Federal Reserve’s emergency interest-rate cut yesterday, the BoC has cut its key lending rate by 50 basis points. It’s now 1.25%. This may lower the rates on lines of credit and variable-rate mortgages. This comes amid a global...

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Four Questions to Ask Your Mortgage Professional

Four Questions to Ask Your Mortgage Professional

Buying a new house should be exciting, but it can get pretty harrowing at times. You may worry you won’t qualify. You may feel unsure about house prices and worry about interest rates. If you’re considering renovating instead of purchasing, you may worry you won’t...

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Four Questions to Ask Your Mortgage Professional

Four Questions to Ask Your Mortgage Professional

Hi, Whether you’re a first-time homebuyer, a move-up buyer, buying an investment property or if you’re refinancing to consolidate debt, renovate or invest, these are some of the questions to ask your mortgage professional: 1. How much can I afford? Usually people pick...

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