BANK OF CANADA CUTS KEY INTEREST RATE TO 4.75%
The Bank of Canada recently decided to lower its key interest rate to 4.75%, marking the bank’s first rate cut since March 2020. The bank’s governor, Tiff Macklem, mentioned that the bank’s monetary policy no longer needs to be as restrictive due to the significant progress made in the fight against inflation. This confidence in […]
GETTING YOUR HOME READY FOR COVID-19
As the COVID-19 pandemic continues to evolve and we all watch and listen day-by-day as new information becomes available from the Canadian Government, the majority of us are practicing “self-isolation” and staying home with our loved ones. While we are now spending extended amounts of time in our home, it is time to make sure […]
NEW MORTGAGE STRESS-TEST CHANGES 2020
Attention Toronto homebuyers! Just as the Toronto housing market began gaining its momentum due to the lack of supply in new listings which has caused some serious competition for homebuyers, the government had an important announcement to make which might heat things up a little more. The federal government has declared its adjustment of the […]