Should we expect a rate hike from the central bank in March? With today’s economic challenges – weak real estate market, difficulties with oil and trade sectors – the Bank of Canada will hardly raise its key lending rate at its next meeting in March,...

Average real estate price in Canada went down by 5.5% in a year - there is an opportunity to buy a home for some clients! According to the Canadian Real Estate Association (CREA), the average housing price was down by 5.5% and reached $455,000...

How strongly are Canadian borrowers affected by growing interest rates? It turns out there are not so many signs that Canadian borrowers are more restrained by growing interest rates, at least, according to the recent poll by Nanos Research. Such results could assure the central...

Parents’ financial help doesn’t play that strong role anymore The recent report shows that although young Canadians are facing difficulties with saving for a mortgage down payment, the bank of mom and dad doesn’t play as significant role as earlier. “It turns out that 52% of...

CHBA also calls for mortgage rules review It’s been more than a year since the mortgage stress test was introduced, but its consequences keep showing. The Canadian Home Builders Association (CHBA) recently polled its members and found out that most homebuyers are facing growing difficulties in...