Possible Mortgage Rule Changes
Hey Guys! I thought passing along a heads-up of possible Mortgage rules changes would be beneficial. My intention is to share possible rule changes, and how that will effect Mortgage affordability. For now,
Category
Fundamental knowledge
Bank of Canada—Meeting Preview
Hey Guys! The Bank of Canada is set to make a rate announcement on 25 January 2023—their first of 8 rate announcements this calendar year. There is anticipation of another 0.25% rate
Popped Champaign!
(originally published Nov 15th 2022) Hey Guys! I've written to you before about how influential the U.S. is to Canada's economy. The old adage is, "when the U.S. sneezes, Canada catches a
Calgary Market Report: Apartment fundamentals are strong
Hey Guys! The data below is from the Calgary Real Estate Board (CREB). Let's look at a couple key data points so we can get a handle of what's been happening
Market Update—Off Peak, But Positive!
Hey Guys! Here your report on Calgary's detached and apartment housing sectors. At first glance, Calgary is fairing MUCH better than many other housing regions in Canada! Why? Well for many reasons
Updated Home Affordability Numbers
Hey Guys! I thought some of you might be interested in seeing some affordability numbers in today's housing market. Let's look at how much income is required to purchase two properties, as
Bank of Canada 50 Basis Point Rate Hike
So many words below!! TL;DR ... The Bank of Canada increased the key policy rate by 0.50% this morning moving the rate higher to 3.75%.The commercial bank Prime interest rate will
Is Canada Importing U.S. Interest Rates?
Hey Guys! This is a monetary policy update from the U.S. which influences the Bank of Canada (BoC) and ultimately Canadian monetary policy (interest rates). I know we are all facing higher
Calgary Real Estate Update: August 2022 Data
Hey Guys! Let's see how Calgary's Real Estate market is changing with higher interest rates! The Bank of Canada announced a 0.75% rate hike this morning (see below). We're reviewing some key