by Majid Habibi | Feb 18, 2022 | Economy, Finance, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Majid Habibi | Feb 4, 2022 | Blog, Finance, 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 Majid Habibi | Jan 21, 2022 | Economy, Homeownership, 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 Nick alafogiannis | Jan 7, 2022 | Blog, Finance, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Majid Habibi | Nov 19, 2021 | Blog, 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 Majid Habibi | Nov 5, 2021 | Blog, Homeownership
They say that money doesn’t grow on trees but, over the last 20 months, it started to feel as though maybe it did. If you were one of thousands of Canadians who thought of building a new house or renovating your existing home after the global pandemic hit, you know...
