The Bank of Canada’s Jumbo Half-Point Rate Cut Sparks New Optimism in the Market
After much anticipation, the Bank of Canada announced a significant rate cut of 50 basis points today, lowering the overnight lending...
Mortgages
Canadian vs. U.S. Mortgage Payments: Why Canada Comes Out on Top
As borrowing costs have decreased across North America for much of this year, Canadian and American homebuyers have been able...
What the Proposed Changes to Mortgages Would Mean for Affordability for Canadians
Over the last ten years, homeownership costs have soared, leaving many young millennials and Gen Z feeling as if homeownership...
The Bank of Canada’s Third Rate Cut of 2024: A Real Estate Rebound or Business as Usual?
The Bank of Canada announced its third interest rate cut of the year today, lowering rates by another 25 basis...
U.S. Mortgage Payments Far Outpace Income Growth Over the Last 5 Years
A lot changed for interest rates in America between 2018 and 2023. In May 2018, average 30-year mortgages were at...
How to Qualify For a Mortgage if Your Credit Score is Low
Navigating the world of mortgages can be daunting, especially if your credit score isn't as high as you'd like it...
Save Big: The Impact of Increasing Your Mortgage Payment Frequency in Canada
So far in 2024, the overnight lending rate has been lowered twice by the Bank of Canada, bringing the rate...
The Bank of Canada’s Second Rate Cut for 2024: Will Buyers Return to the Market?
Today the Bank of Canada lowered its overnight lending rate for the second time this year, bringing the rate down...
How A Larger Down Payment Will Change Your Monthly Mortgage Payment Across Canada
Since the Bank of Canada announced it was lowering the overnight lending rate by 25 basis points in June, some...
Here’s How Much Money Homeowners Will Save Now That Rates Have Dropped: Report
On June 5th, the Bank of Canada (BOC) announced a 25 basis point cut to its key overnight lending rate,...
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