The Bank of Canada has been working to keep prices steady. Right now, inflation is around 2%, which is close to the Bank’s goal of staying between 1% and 3%. The Bank recently lowered its policy rate by 50 basis points to 3¾%, with the Bank Rate at 4% and the deposit...
Key Takeaways Current Mortgage Rates: Right now, our best 5-year fixed mortgage rate is 4.15%, while the 5-year variable rate is 5.30% (which is Prime – 1.15%). Expected Changes: In October, we expect fixed rates to keep going down a little bit. Also, variable...
Supportive housing plays a crucial role in helping people who have experienced homelessness find a safe, stable place to live. However, when these individuals want to move into the private rental market and live independently, the transition is not always smooth....
The most important thing experts look at when predicting the housing market in Canada for 2024 is interest rates. The Bank of Canada has been raising interest rates since March 2022. These higher rates have affected many people across Canada. Some effects are good,...
This year, mortgage interest rates will be a big topic in the Canadian real estate market. After the standard five-year fixed-rate mortgage stayed above six percent for four months in a row, many things have happened with interest rates. These changes could help...
As of August 27, 2024, the Canadian mortgage market is changing. It is affected by different economic factors, changes in interest rates, and government policies. Let’s look at the main trends and news in this area. Interest Rate Trends Recent Cuts The Bank of Canada...
