Bank of Canada Hints at No Interest Rate Hikes Until 2023
No Interest Rate Hikes Until 2023? Homebuyers planning to do home shopping in the near future received some good news today. According to the governor
July 27, 2020
TIPS AND GUIDES
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After BoC announcement, more experts say low rate environment here to stay
Experts believe that low interest rates in Canada may be here to stay in the near future. The Bank of Canada has recently announced that
July 25, 2020
Bank of Canada Holds Rates, Gives Mortgagors Confidence
Central bank in Canada announced no changes to interest rates. Furthermore, forecasts state that the rate hike before 2023 is highly unlikely. Governor Macklem pointed
July 23, 2020
Conservative MPs urge feds to eliminate First-Time Homebuyer Incentive
The CMHC wanted to see twenty thousand people take usage of there shared-equity mortgage. Their annual report for 2019 showed that only 2,950 Canadians were
July 19, 2020
Why CMHC Shouldn’t Raise Its Minimum Down Payment from 5% to 10%
Evan Siddall, the CEO of the CMHC has preposed in a speech that now would be the time to raise the percent rate of down
July 17, 2020
Current stress test “makes no sense” says brokerage owner
The current stress tests that are being used make no sense under the current conditions of the economy. The tests should reflect what is possible
July 15, 2020
Coronavirus market slowdown will not be thwarted by lower rates
In Canada there doesn’t appear to be any sign of the housing market increasing anytime soon. The interest rates can be lowered, but that won’t
July 13, 2020
It’s all about cash flow.
Cash flow is something that many people are struggling with right now due to the pandemic. A cash flow problem happens when your payments cost
July 9, 2020
National Bank of Canada: Real Estate Prices Rise, But Could Change With The Recession
Despite the pandemic, financial uncertainty and rising unemployment, real estate prices in Canada continued to climb in April, according to the TNBC house price index.
July 7, 2020
How can we help?
Steve Garganis is a renowned financial insider who specializes in Canadian mortgages and debt consolidation. According to Garganis, many Canadians are carrying debt from lines
July 5, 2020