by Harpreet Sandhu | Jul 15, 2022 | Announcements, Blog, Mortgage
In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
by Harpreet Sandhu | Feb 4, 2022 | Announcements, Blog, Economy, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Harpreet Sandhu | Jan 24, 2022 | Announcements, Blog, Finance, Mortgage
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
by Harpreet Sandhu | Nov 26, 2021 | Announcements, Homeownership, Mortgage
If you’re in the market to buy a home and wondering about the first step, start by creating a comprehensive checklist to help navigate the process and ensure you’re prepared for everything that’s involved. One of the items that should appear towards the top of that...
by Harpreet Sandhu | Jul 15, 2021 | Announcements, Blog
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
by Harpreet Sandhu | May 7, 2021 | Announcements, Blog, Economy, Homeownership, Mortgage
Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
