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Jeff van de Bennet's blog
03 May 2022
03 May 2022
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07 Apr 2022
Is now a good time to refinance your mortgage?
The big news in the mortgage world these days has been the steady increase in fixed mortgage rates.
Since the start of the year, fixed rates have risen approximately one percentage point, or 100 basis points.
As a general guide, for every 0.25% increase in mortgage rates, your monthly payment will increase $12-$13 per $100,000 of debt.
07 Apr 2022
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03 Mar 2022
03 Mar 2022
Bank of Canada Raises Rates by 25 base points
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.”
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
08 Dec 2021
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