Interest Rate Announcement: Bank of Canada Holds Steady Again
Posted on Jun 06, 2025
Benchmark Rate holds steady at 2.75%
The Bank of Canada has kept its overnight interest rate target at 2.75 per cent. It is the second straight meeting the Bank has kept rates on hold after a string of decreases amounting to 225 basis points over the last nine months. It is a guarded step amidst ongoing economic uncertainties, notably those relating...
Tips for Staging Your Home in the Summer
Posted on Jul 02, 2024 in Selling
Canadian summers offer ample opportunities to enjoy the warm weather, from lakeside gatherings and cottage weekends to neighbourhood barbecues and outdoor sports. Summer is also an ideal time for buying and selling homes, with the busy season often stretching from the Victoria Day weekend in May to Labour Day in early September. Selling your home i...
The Hidden Costs of Selling Your Home: What You Need to Know Before Putting Your Home on the Market
Posted on Jun 18, 2024 in Buying OR Selling
The mortgage market is expected to have reached its peak. A chorus of economists, industry experts, and market watchers believe that the Bank of Canada (BoC) will cut interest rates this year, allowing the conventional five-year fixed-rate mortgage to ease toward four percent, down from the six percent the Canadian economy has witnessed in the last...
What to Know About Buying a House with Friends
Posted on Apr 25, 2024 in Housing Trends
In the face of an ever-challenging housing market, Canadians are getting creative with how they acquire their first homes. Recognizing the hurdles of high property prices and the complexities of securing a mortgage individually, many first-time homebuyers are now exploring the prospect of buying homes with friends. This trend represents an inventiv...
Why Downsizing Could Be the Best Move for Your Retirement
Posted on Apr 16, 2024 in Moving & Relocating
What It Means to Be House Poor – and How to Avoid It
Posted on Mar 15, 2024 in Homeowners
You’ve got your mortgage pre-approval, and you’re shopping the market for your perfect home. If you find one that’s priced too close to your limit, you run the risk of being house-poor. Let’s look at what it is, what you can do to avoid it, and what to do if you are already house-poor.
The Costs of Owning a Home
When you begin the process of looking...
