by WebDev | Jan 17, 2023 | Homeowners
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...
by WebDev | Sep 16, 2022 | Getting a Mortgage, Market Updates, 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...
by Aidan | Mar 31, 2022 | Market Updates
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...
by Aidan | Oct 20, 2021 | Market Updates
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...
by Aidan | Aug 31, 2021 | Market Updates
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...
by WebDev | Oct 7, 2020 | Market Updates
Hello folks! Today we are delivering you our Fast Five for this month–the top 5 things happening in the mortgage world right now that you need to know about. Let’s dive in, shall we? 1. Record Setting Month in Real Estate Both August and September were...
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