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Bank of Canada Report Finds 19% of Homebuyers are Investors

Bank of Canada Report Finds 19% of Homebuyers are Investors

by Kara Herbeson | Jan 21, 2022 | Blog, Homeownership, Mortgage

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...
How to Prepare for Higher Interest Rates

How to Prepare for Higher Interest Rates

by Kara Herbeson | Jan 7, 2022 | Blog, Economy, Homeownership, Mortgage

For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...

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