The Bank of Canada did not change its key interest rate at its June meeting, marking the fifth consecutive rate hold. The central bank cited uncertainty surrounding U.S. trade policy and rising cost pressures in its decision to maintain the…
Approximately 1.2 million mortgages will renew in 2025, the vast majority of which were secured when the Bank of Canada’s key lending rate was at or below 1%. While interest rates have trended down since June 2024, from their two-decade…
The Bank of Canada reduced its overnight policy rate by another 50 basis points on Dec. 11, in response to slowing GDP growth and rising uncertainty around trade tariffs. This marked the second consecutive oversized interest rate cut, bringing the…
Making a mortgage payment is often more desirable than paying rent. Homeownership helps you build equity and offers financial (and personal) stability. But the thought of carrying a mortgage for decades can be daunting. Whether at the beginning of your…
It is more difficult for potential borrowers to get qualified for loans subject to the stress test, as shown by declining ratios of mortgage loan approvals to applications in the first half of 2022. This is just one finding in…
The Bank of Canada raised its key interest rate again on Sept. 7, this time by three-quarters of a percentage point. For homeowners with a variable rate mortgage that fluctuates according to the key interest rate issued by the country's…
Clare Tattersall
Sales Representative
Direct: 647.625.3282
Office: 416.762.8255
Email: clare@realtorontowest.com
Royal LePage Real Estate Services Ltd., Brokerage
2320 Bloor St. W., Toronto, ON M6S 1P2
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