5 Year Fixed 2.69%

5 Year Variable 2.85%

Current Mortgage News

According to the newly released monthly statistical report from the Canadian Real Estate Association, for a sixth consecutive month Canadian home sales increased.

Despite trade conflicts, the central bank has once again decided to hold firm on the overnight rate for the time being stating the economy is still growing at desired levels despite the conflicts.

Launching earlier this week, the federal government’s new home buyers program aims to help nearly 100,000 Canadians achieve their home ownership dreams while helping with the monthly payments.

For a fifth consecutive month, home sales across Canada rose once again in July according to the newly released report from the Canadian Real Estate Association (CREA).

In new figures released by the Ottawa Real Estate Board (OREB), 1,842 residential properties were sold in July, compared the 1,605 in the same month in 2018 which represents a 14.8% increase.

Considering a rental property, or properties, for your own financial portfolio? There are some major factors to consider when looking at the tax implications.

Following three months of increased home sales, June data suggests that the housing market has stabilized resulting from nearly even local markets where sales we up, such as Quebec and Southern Ontario, and markets where sales were down, namely the GVA, Calgary, Halifax, and Newfoundland and Labrador.

The Bank of Canada has announced that it will maintain they key interested rate at 1.75%.

A new report released by Generation Squeeze, a not-for-profit group that advocates for young Canadians, suggests that the affordability gap between millennials and baby-boomers is larger than people realize.

In the Budget Plan 2019 announcement made by the Liberal government earlier this spring, an announcement was made in regard to a new first time home buyers assistance program. Though at the time, few details were made available more information has now been released regarding the proposed $1.25 billion dollar equity sharing program.

Canadian households are spending record amounts of their disposable income to service their debt payments according to a new report released by Statistics Canada.

Bank of Canada maintains overnight rate at 1.75%, marking the 5th consecutive announcement that has left the rate unchanged.