by Kara Herbeson | Oct 30, 2019 | Announcements, Blog, CMHC
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlook for the global economy has weakened further since the Bank’s July Monetary Policy Report...
by Kara Herbeson | Oct 18, 2019 | Blog, Economy, Finance, Homeownership, Mortgage
This is a commonly-asked question, since mortgage agents/brokers and appraisers aren’t authorized to provide a copy of the real estate appraisal report to the homebuyer/homeowner even though you’ve likely paid to have it completed. This is mainly because the...
by Kara Herbeson | Oct 4, 2019 | Blog
Over the past several years, it has become increasingly difficult for many people, particularly first-timers, to enter the housing market. This is due to a variety of factors, but most notably tighter mortgage rules implemented by the federal government – including...
by Kara Herbeson | Sep 20, 2019 | Blog, Homeownership
If you’ve been thinking about buying a new home; whether that be your first home, your next home, your forever home, or your retirement home, the doom and gloom of it all might be causing you to question… is right now a good time to buy a home? Well…...
by Kara Herbeson | Sep 6, 2019 | Blog, Homeownership, Mortgage
If you have a variable rate mortgage, and recent economic news has you thinking about locking into a fixed rate, here is what you can expect will happen. Firstly, your lender will be very happy as they will now make considerably more money off you. Not only will your...
by Kara Herbeson | Aug 16, 2019 | Blog, Finance, Homeownership, Mortgage
Housing market trends are constantly changing. Factors such as the economy, house prices, inflation and interest rates all play a role in market fluctuations. Just as important, however, is the role of the individual buyer and, today, one of the most influential and...
