by admin | Sep 9, 2020 | Market News
The Bank of Canada announced today that it would be keeping its mortgage-market influencing policy rate at the record low 0.25 percent level with no sign that it would increase any time soon. The policy rate, which has a major effect on how mortgage lenders set their...
by admin | Aug 13, 2020 | Market News
After months of turbulence in the housing market, a new report offers insights on how Canadian homeowners are holding up through the COVID-19 pandemic. ?Supercharged? housing market could last through September: RBC Over a quarter of mortgage holders say that they...
by admin | Jun 4, 2020 | Market News
The Bank of Canada this week announced it?s maintaining its mortgage-market influencing key interest rate at 0.25 percent, a rock bottom level unseen since the peak of the 2008-2009 Global Financial Crisis. The key interest rate acts as a guide for lending rates...
by admin | Jan 31, 2020 | Market News
The sizeable share of the Canadian population that was born since 1995 (28%) is emerging as a generation with no problem living on credit. A new report from Transunion shows that 8% of the Generation Zs in Canada are over 18 and of these 63% are credit active. Of the...
by admin | Apr 8, 2019 | Market News
The Canada Mortgage and Housing Corporation (CMHC) insists its forthcoming First-Time Home Buyer Initiative can help participants in Toronto and Vancouver after critics of the program said it won?t provide relief in the country?s most-expensive markets. ?It may not be...
