With the ever changing trends in the Canadian Market, great news for home buyers comes over the horizon to level things out and effective this December 15 2024 houses up to $1.5 Million will qualify for mortgage insurance, moving the notch from a $1.0 Million Cap. This means that you could buy a property up to $1.5 Million with less than 20% down payment and this is great news for the ones saving up to buy properties in cities like Vancouver or Toronto, where Detach and Semis usually start in... [read more]

It is no secret there is a Red hot real estate market out there and in the last few months the conditions have increased the volatility making it even more unpredictable, causing the dream of owning your home to slip further away and is especially frustrating to first time owners. Nevertheless according to the Realtor.ca statistics, visitors are still using their app more and more to research the market for a property that fits their budget and needs , meaning that many are still... [read more]

Bank of Canada prime rate increases by 1%   On this past July 13th, the bank of Canada announced an increase of the prime rate to a full 1%, which means that the new target is 4.7%. Now the question is, how does this translate to the average consumer and especially to the Real Estate Market?. Let's compare how much would you be monthly paying for a hypothetical amount of  $100,000 mortgage, amortized for a 25-year, not compounded . Borrowing... [read more]

Experts say that interest hikes should be over, especially after the latest update from the Bank of Canada (BoC) by holding the interest rate steady for the third consecutive time, this fell quite in line with economist expectations as there is “no excess demand” in the economy, nevertheless the BoC is prepared to raise the stakes again if such measures are needed.  The Canada inflation rate stalled at 3.1% in November of this year, matching the same results as in October... [read more]