The Bank of Canada has just raised its key lending rate by 25 basis points, citing…
This marks the first change to the Bank’s overnight target rate in two years and the first rate hike since October 2018.
In its statement accompanying the decision, the Bank said: “As the economy continues to expand and inflation pressures remain elevated, the Governing Council expects interest rates will need to rise further.”
Jeff van de Bennet's blog
03 Mar 2022
Bank of Canada Raises Rates by 25 base points
01 Feb 2022
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05 Jan 2022
What to Expect from Canada's Housing Market in 2022
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I'd like to wish you a very happy, healthy and prosperous 2022! Not many forecasters anticipated the extent of the housing market's performance in 2021. The year ended with both home sales and average prices up over 20% compared to the previous year, driven largely by historically tight housing supply and low interest rates. So, what can homeowners and homebuyers expect in 2022? 05 Jan 2022
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03 Aug 2021 Mortgage Pre-Approvals: What Are They, and Do You Need One?There’s a common misconception among some homebuyers that if you’ve got a pre-approval, your mortgage is basically guaranteed. But this isn’t always the case. Having a pre-approval doesn’t automatically mean the lender will fund your mortgage. Below, we’ll explain what a mortgage pre-approval is and whether it’s worth getting one. 06 Jul 2021 1232 Lakemount Blvd. S. - SOLD!
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