Consumers all over the world are wondering have interest rate hikes stopped rising? Have central banks stepped permanently back from further rate hikes? What is the tangible relationship between the BOC and our National Lenders? What exactly is this tight money policy being advocated by Canadian Banks mean to the average homeowner? Many are also wondering […]
Canadian households are dedicating more of their disposable income to mortgage payments than ever before, according to the latest data from Statistics Canada. In Q4 of 2022, Canadians spent 7.66% of their household disposable income on servicing their mortgage debt, up from 7.5% in the previous quarter and 7.09% in the same period in 2021, […]
Accurate`s female Appraisers are asking: Have Canadian interest rates peaked? These Charts might help explain.
Amid the current state of Canada’s housing market, many Canadian homeowners with variable-rate mortgages are “riding the whirlwind” of rising interest rates. CIBC has revealed that nearly three-quarters of its clients with variable-rate mortgages have reached their trigger rate, which is the rate at which they must convert to a fixed-rate mortgage due to Bank […]
Buying a home normally represents One of the Biggest Financial decisions of your lifetime ! First off Don`t rush, The hyperbola of 2021 and earlier has passed. Start by being prepared make a list of wants and needs. Start with Location! Act prudently: Protect yourselves by; 1: Prearranging Approved Financing. (in writing) Shop around find […]
Are you tired of hearing the same old news from all those ultra-perky and ubiquitous fair-weather realtors? Such as; “House Prices have sunk by >1 % per month since February 2022 but the Real Estate market is solid!” (Accurate Peel Appraisals predicted this years ago) “Home Prices are reflective of Demand and Location.” (Really, […]
Bill 23 Advocates that Municipalities Forgo all Development Charges and Parkland Dedication fees. Presently the city of Toronto is estimating that the 2022 deficit will exceed $800,000,000 Mayor Tory is already genuflecting to numerous Ottawa mandarins for Financial assistance. If Laneway and Nanny suites must conform to municipal building codes. Then why would these additional residences not […]
This past week HWY 10 has witnessed two fatal collisions. This resulted in the death of two citizens along with closure of the Hwy for many hours. Our community has been petitioning for change for decades. Perhaps this humorous video might lend insight to the ridiculous inertia facing the desperately needed highway 10 safety upgrades. Meanwhile may […]
Felling lightheaded by the recent Real Estate Market Gyrations. Know that you are not alone! Pointedly until interest rates stop rising and begin to level off. G.T.A Home prices will probably continue their negative trajectory. How steep and long will the trajectory become is a multi-billion dollar question. Certain financial triggers can be found in such […]
Bank of Canada Benchmark Rate is now at 3.25% and climbing. What is the benchmark rate? That is the rate at which the BOC lends Money to its first-tier lenders. This has resulted in the highest prime rate charged by our tier 1 lenders in 15 years. The jury of public opinion remains out […]