The sun is out as we are entering into the infamous spring housing market (might be dulled right now as many buyers sit on the sidelines waiting), the seasonal question of this spring market is that of interest rates. Many would-be homebuyers anxiously wait for the rate declines that many anticipate are coming either this [...]
It is unlikely that there will be a "crash" in the housing market (I mean, we have been told this would be happening for the last 10 years it seems). Instead, you will see more of a softening (which is happening now) until rates start to stabilize or drop - when that happens, watch the [...]
Mortgage shoppers take note: Cheap money is here to stay, at least for the next two years, the Bank of Canada reaffirmed during its interest rate decision on Wednesday. The BoC had previously provided guidance that rates would remain at their effective lower bound—currently 0.25%—“until 2 percent inflation target is sustainably achieved,” but went a [...]
