Foreign Buyers Ban

Foreign Buyers Ban

Foreign Buyers Ban On December 21, 2022, the Federal Government announced that it will be placing a ban on foreign purchases of real estate property, which took effect on Jan. 1st, 2023. The Federal Government has brought this Foreign Buyers Ban in to curb the cost of...
All About Variable Rates

All About Variable Rates

All About Variable Rates Variable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating or static payments. These payments have cheaper penalty when breaking your mortgage. The banks generally change their prime rates a few days...
Home Price Declines Are Likely

Home Price Declines Are Likely

Home Price Declines Are Likely The past two years have been very unpredictable as the COVID-19 pandemic has ravaged the globe. The pandemic has brought many differences with the economy in Canada, and one of them is the hot housing market that started in early 2020...
2021 Election Promises: Housing Policies

2021 Election Promises: Housing Policies

A few weeks ago we had a Federal Election. Throughout the election campaign, many promises were made from all parties for housing policies that would go into place in the short-term future. Justin Trudeau and the Liberal Party ultimately won the re-election with a...
How Inflation is Affecting Mortgages Today

How Inflation is Affecting Mortgages Today

  Inflation rate and Mortgages in Canada  Since the beginning of 2021, inflation rates have been coming in at unprecedented levels.  Last week, Canada’s inflation rate came in above expected and was at its highest rate in over a decade. The inflation rate came in...