Talking about the “Canadian Housing Market” can be a lot like asking the question “What’s the weather like in Canada today?” This is because like the weather, housing markets are very local. It can be sunny and plus 21 in one city and 100...
It’s Business As Usual The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. The last couple of days have provided a lot...
Mortgage Insurance 101. As part of the home buying process, you will hear the term mortgage insurance used a lot, especially if you are applying for a mortgage with a downpayment less than 20% of the purchase price. In Canada there are currently 3 mortgage insurers:...
