A total of three rate cuts passed down from the Bank of Canada since June have cumulatively lowered the cost of borrowing for Canadians by 75 basis points,…
Read more Why are mortgages so expensive in Canada? – MoneySenseSpeaking at Global Risk Institute summit on Wednesday, Routledge said he was worried that the requirement by lenders to run the “OSFI stress test” is making Canadians feel…
Read more I want to switch mortgage lenders—do I have to pass the stress test again? – MoneySenseThe housing supply issue is improving It comes after some of Canada’s largest cities have seen ballooning home listings in recent months from droves of sellers listing their…
Read more Rates are going down—is now a good time to buy a house in Canada? – MoneySenseIt’s been a tough time for home owners (and first-time home buyers), but the Bank of Canada (BoC) has held interest rates steady since July 2023, and the…
Read more Fixed or variable mortgage rate: Which should you choose in 2024? – MoneySenseHow do interest rates relate to affordability? In an effort to subdue runaway inflation, the Bank of Canada (BoC) has raised the benchmark interest rate several times over…
Read more What does the new Canadian Mortgage Charter mean for home owners? – MoneySenseAs an example, someone who considered themselves fortunate to secure a 5-year variable rate mortgage at 0.9% in early 2022 may have seen their interest rate soar to…
Read more Toronto housing bubble: Is it ready to pop? – MoneySenseWhen will the Bank of Canada lower interest rates? Soon, said Donald, soon. She went on to suggest the BoC will cut interest rates in early 2024. “Probably…
Read more Is Canada in a recession? A look at the state of our economy – MoneySense
