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News: Interest Rates

Inflation Surge is No Need for Hysteria

Inflation Surge is No Need for Hysteria

StatsCanada today reported that consumer price inflation rose to 4.7% from year-ago levels in October, compared to 4.4% in September. This is in line with market expectations and is well below the US's 6.2% pace reported for the same period. Inflation is rising all...

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5 Mortgage Approval Roadblocks

5 Mortgage Approval Roadblocks

So you’ve decided you’re ready to take the big step to purchase a new home or you want to refinance your existing property. Here are 5 mortgage approval roadblocks to avoid along your mortgage journey. Whether you are a first-time homebuyer or an experienced...

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Bank of Canada Responds To Mounting Inflation

Bank of Canada Responds To Mounting Inflation

Bank of Canada Responds To Mounting Inflation: Ends QE and Hastens Timing of Rate Hike Bank of Canada - 234 Wellington Street The Bank of Canada surprised markets today with a more hawkish stance on inflation and the economy. The Bank released its widely anticipated...

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Things Not To Do Before Your Mortgage Closes

Things Not To Do Before Your Mortgage Closes

Many home buyers and people refinancing sometimes get complacent once they get a mortgage approval. They assume the approval is set in stone. But that’s not the case. There are at least five things you should not do before you close on your mortgage. The mortgage...

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Canadian Housing Update

Canadian Housing Update

Home Prices Still Rising As Falling Sales Reflect Insufficient Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell a slight 0.5% nationally from July to August 2021–the fifth consecutive monthly...

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