BoC says Low Interest Rates Big Risk, but will Keep Them Low
A lot of people have criticized Mark Carney and the Bank of Canada for keeping the interest rates at near rock-bottom lows, then turning around and warning us all about taking on too much debt. But amid the cries of some, pleading with the central bank to raise their rates, the bank has not gone…
Read moreMoney Talks: Volume 3
From how to save money now to how to build a retirement income plan, and two different looks at the ever-present debate surrounding locked and variable rates, there’s a lot of money matters to talk about! Here’s a look at what we’ve found around this week. The time for variable rates is over! It’s all…
Read moreToronto Sales Down, Prices Questionable
Toronto continues to see a decline in its home sales last month. Not so surprising given that we’re still seeing the effects of this summer’s mortgage rules, and that we’re headed into the winter months, right? Right. But while we’ve been seeing number of sales go down while prices climb steadily over the past few…
Read moreCondo Fees Not Fazing Toronto Buyers
If you’re looking for an affordable Toronto mortgage, condos are currently the way to go. While single-detached homes in the city may be fetching average prices between $600,000 and $800,000, condos are only half that (or less!) This, as well as their convenient location, modern upgrades, and easy living are what’s making this type of…
Read moreA Home Could be Your Best Bet Against Inflation
According to Statistics Canada, our annual inflation rate has remained at 1.2 per cent for the past several months. This is good news, as it continues to support reasons for the Bank of Canada keeping the interest rate so low, and the increase isn’t really so much that consumers need to be worried. But inflation…
Read moreJim Flaherty: “I’m Happy” about Effect of Mortgage Rules
When Finance Minister Jim Flaherty saw Canada’s housing market climb and climb with apparently no ceiling to reach over the past two years, he knew it was time to do something about it. Yes, before July he had already instated new mortgage rules three different times – all with the same hope. That they would…
Read moreLooking for a Farm Mortgage? Be Prepared to Pay Top Dollar
It seems as though we’re going back to our roots in Canada – literally. Farmland has become more popular than ever with just about every market seeing these lots go for top dollar, and even attracting many investors. According to the Re/Max Market Trends Report, there are only three places in all of Canada right…
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