Housing and interest rate forecasts for 2025 - Mortgage Rates ...
Dec 30, 2024 · The Canadian Real Estate Association (CREA) 2025 home sales forecast: 499,816 (+6.6% year-over-year) “…the profile for sales from one of a gradual improvement …
Canada’s Secondary Suite Loan Program expands to $80,000 loans …
Dec 10, 2024 · Non-payment of rent used to be dealt with swiftly in small claims court. I know, I was a landlord in the 1980s and 1990s and I had tenants who instead of paying their rent …
Pros and cons of the new federal secondary suite programs
Oct 28, 2024 · Earlier this month, the federal government unveiled the Secondary Suite Refinance Program, set to launch January 15, 2025, which will allow homeowners to refinance up to 90% …
Two big banks predict 225 bps worth of BoC rate cuts over the …
Oct 21, 2024 · Markets believe the central bank is likely to deliver a “supersized” rate cut this week due to cooling inflation and a weakening job market. If that plays out, both RBC and …
Canada’s prime rate: Latest updates, trends and historical data
Dec 11, 2024 · The prime rate is the interest rate that commercial banks charge their most creditworthy clients—typically large corporations. In Canada, the prime rate is closely tied to …
New mortgage rules take effect today; more may be coming on …
Dec 14, 2024 · Canada Housing Infrastructure Fund (CHIF): A $1-billion fund supporting critical infrastructure projects, such as water and wastewater systems, to enable new housing …
What the Bank of Canada’s 50-bps rate cut means for borrowers
Oct 23, 2024 · With the Bank of Canada announcing yet another interest rate cut—a half-point reduction this morning—its key policy rate has now fallen to a two-year low of 3.75%. This is …
Why three big banks raised fixed mortgage rates despite falling …
Dec 2, 2024 · As regular readers of Canadian Mortgage Trends know, bond yields typically influence fixed mortgage rate pricing. However, that’s not the case right now. Several lenders, …
Despite recession concerns, homebuying intentions on the rise, …
6 days ago · The Bank of Canada’s fourth-quarter consumer expectations survey reveals that despite recession concerns, 22.4% of respondents see a greater than 50% chance of moving …
Trump’s win is already driving mortgage rate hikes in Canada
Nov 6, 2024 · Proposed corporate tax cuts and deregulation are likely to enhance profitability for Canadian banks with substantial U.S. operations, such as Bank of Montreal, Scotiabank and …