Fast Five | October Edition

Oct 7, 2020

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 record setting months for Real Estate. You can learn more about the numbers HERE.

2. Canadian’s look for ways to support family…without Jeopardizing retirement

The pandemic has disproportionately affected millennials, with 76% feeling the squeeze due to a reduction in working hours or job losses. It’s important to consider your options when looking to financially help your family – so you won’t jeopardize your retirement in the process. Click HERE to read more.

3. Mortgage Rates are set to stay low until 2023 Bank of Canada hints

While mortgage rates have been tumbling steadily over the last couple of months, many are now in record-setting territory. To learn more, click HERE.

4. The end of CERB–but there is help

Three new benefits will help millions of Canadians who won’t qualify for EI. Click HERE to learn more about these 3 new programs.

5. Can Mortgage Rates go any lower?

Canadian mortgages rates are at a record low, but should potential home buyers lock in rates right now or will rates go any lower? Click HERE to find out.

Foreign Buyers Ban

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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

Sep 16, 2022

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

Mar 31, 2022

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...