BMO's Change: Reinstates OSFI stress test for uninsured switches after briefly removing it. Qualification Rules: Borrowers must qualify using the higher of 5.25% or contracted rate + 2%....
Lower interest rates and expectations of further cuts are fuelling strong homebuying activity across Canada.November data shows strong market performance, with resales and prices rising from October across major areas....
The Federal Reserve signals reduced interest rate cuts in 2025, altering market expectations and re-pricing financial instruments. The Fed's focus remains on inflation, with employment stable, avoiding swift rate cuts that could reignite inflation...
Scotiabank: Supported a 50 bps cut, highlighting it aligns with market expectations, despite concerns over rising core inflation and economic risks CIBC: Agreed with the 50 bps cut, arguing it’s reasonable and fits the need for further stimulus into 2025 to boost economic growth....
The BoC cut rates by 50 basis points as inflation nears 2% and GDP growth slows. Upcoming GST break, mortgage cap increase, and $250 rebate may boost spending amid U.S. tariff concerns....
恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off...
Down payments are a crucial part of home buying success in Canada, beyond just mortgage rates.The minimum down payment in Canada depends on the home’s price and your province of purchase....
Welcome to 5 Glenview Drive, a charming three-bedroom home just five minutes from downtown Dartmouth. This propertyis within walking distance of the NSCC Ivany Campus and Dartmouth General Hospital. It also offers quick access tothe ferry or bridge to Halifax, and it?s conveniently located on a major bus route.Step inside and explore the possibilities! The...
Buying your first home requires careful preparation, especially with high housing prices in Canada. A down payment typically ranges from 5% to 20% of the home's price, with additional costs like closing fees, home inspections, and property taxes. First-time buyers can access various incentives, such as the First-Time Home Buyers Incentive and the RRSP Home Buyers Plan. It's crucial to assess...
Lower Variable Rates: Mortgage rates ↓ 0.5%, with broker rates around 4.3%, slightly easing monthly payments. Affordability Boost: Buyers gain ~$30,000 in purchasing power, improving access to homes....