The Bank of Canada’s recent decision to maintain its target for the overnight rate at 5% holds implications for both the domestic and global economy. This article provides insights into the Bank’s stance, the economic forecast, and its potential impact on Canadians.
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If You’re Looking to Sell Your Property, Start Here
Thinking about selling your home in North Vancouver? Before you dive into the listing process, consider this: connecting with an independent mortgage professional could be the smartest move you make. Here’s why.
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Unlocking Wealth: The Locked-In Effect in North Vancouver Real Estate
In the dynamic landscape of North Vancouver real estate, the allure of low mortgage rates often conceals a potential pitfall—the “Locked-In” Effect. This phenomenon, triggered by high-interest rates, could impact homeowners in the long run.
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Should You Buy or Sell First? Expert Advice
Are you thinking of making a move and not sure about the first steps? A common question we hear when meeting with clients is whether they should buy first or sell first. Let’s explore the key considerations for both scenarios.
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Rising Bond Yields Impact: The Challenge for Canadian Interest Rates
The Government of Canada’s (GoC) 5-year bond yield is reaching multi-year highs, affecting borrowing costs for homeowners. The global trend of “higher for longer” interest rates prompts a major Canadian bank to scale back rate cut forecasts. Read on for more on how the rising bond yields impact Canadian interest rates.
Continue reading →Vancouver Real Estate Market Update: Surging Demand Meets Limited Inventory
Continuing the notable trend witnessed this year, the benchmark price for all home types in Metro Vancouver experienced further growth in June. The region’s home buyer demand intensified, causing a collision with a scarcity of available homes for sale. The outcome? Rising prices and a market that continues to exceed expectations across all segments.
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How to Ensure a Smooth Home Purchase
Chances are, buying a home is one of the most important financial decisions you’ll make in your life. And as mortgage financing can be somewhat confusing at the best of times, to alleviate some of the stress and to ensure your home purchase goes as smoothly as possible, here are six very high-level steps you should follow.
Continue reading →Genworth and Canada Guaranty Won’t Adopt CMHC’s New Mortgage Rules
Following the announcement of CMHC’s new mortgage rules last week, Canada’s other two mortgage insurers, Genworth Canada and Canada Guaranty, confirmed Monday they will not be following CMHC’s lead.
Continue reading →New Mortgage Stress Test Rules
Changes are coming April 6, 2020 to the Mortgage Stress Test Rules. In light of this, we have been researching information and looking
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