Canada’s housing market has been pretty quiet over the last several months, thanks to high prices and interest rates. As shared by BNN Bloomberg, Re/Max Canada’s president, Christopher Alexander, believes this will continue until 2024, with some markets performing...
Since March of last year, the Bank of Canada has raised interest rates an unprecedented nine times. Not only that, but the rates themselves have swung from historic lows to a 20-year high. Resulting monthly expenses have been just too steep for many mortgage holders....
We saw lower inflation numbers last month, which could lead to a better situation for home buyers – despite widespread concern over another interest rate hike today from the Bank of Canada. As of now, the overnight lending rate is at 5 per cent, a high of many years,...
A survey conducted by WealthRocket found that if the Bank of Canada raises interest rates again, over one-third (35 per cent) of Canadian mortgage holders will have to make a financial situation change, which could include housing and employment. Big changes...
British Columbia home sales have been hit by the interest rate hikes the Bank of Canada reignited in June. According to the British Columbia Real Estate Association (BCREA), the province’s average home price went up by 4.9 per cent last month, compared to September...
