The Bank of Canada announced this week that it would leave its mortgage market-influencing key interest rate unchanged again. This development — or lack thereof — did not come as a surprise to economists who pay close attention to the central bank’s moves. It was, after all, the fifteenth straight ...
Continue ReadingOf all the surprises that 2019 had in store for Canadian home buyers, consistently low mortgage rates were certainly among the more pleasant and unexpected. Earlier in the year, the consensus opinion among market experts was that the Bank of Canada would surely hike its mortgage-market influencing overnight rate and ...
Continue ReadingFor those looking to rent in Toronto, 2019 is poised to be a challenging year. Many experts see Canada’s once red-hot housing markets remaining fairly balanced over the next 12 months as average prices and sales moderate, but they are sounding the alarm on one of the country’s tightest ...
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