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Rates Expected to Continue Rising

Rates Expected to Continue Rising

by Marco Abballe | Jul 15, 2022 | Announcements, Blog, Economy, Mortgage

In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
2022 Forecast – Interest Rates, Inflation & Housing

2022 Forecast – Interest Rates, Inflation & Housing

by Marco Abballe | Feb 4, 2022 | Announcements, Blog, 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....
Bank of Canada Report Finds 19% of Homebuyers are Investors

Bank of Canada Report Finds 19% of Homebuyers are Investors

by Marco Abballe | Jan 24, 2022 | Announcements, Blog, Economy, Finance

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...
Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program

Bank of Canada maintains policy rate and forward guidance, adjusts quantitative easing program

by Marco Abballe | Jul 16, 2021 | Announcements, Blog

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance on the path for the overnight rate....
Budget 2021 Reveals Little Change to Housing

Budget 2021 Reveals Little Change to Housing

by Marco Abballe | May 7, 2021 | Announcements, Blog, Economy, Finance, Mortgage

Labelled one of the most widely anticipated and important budgets of our time, Budget 2021, delivered on April 19th, lived up to its promise. The first budget in over two years and first since the outbreak of the global pandemic, Budget 2021: A Recovery Plan for Jobs,...
How Does Skipping a Mortgage Payment Work?

How Does Skipping a Mortgage Payment Work?

by Marco Abballe | Nov 6, 2020 | Announcements, Homeownership, Mortgage

How Does Skipping a Mortgage Payment Work?   Many lenders provide the option for you to skip a mortgage payment each year to help alleviate those tight financial months where everything seems to come due at once. But this also may be an option to help you push...
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