February 2nd, 2016
Back in December, Bank of Canada Governor Stephen Poloz revealed an option which could help the struggling Canadian economy: a negative interest rate.
Explained in detail in this CBC article, a negative interest rate essentially means that when putting our money in a savings account, for example, it would suddenly cost us money.
The European Central Bank, Sweden, Switzerland and a few other countries have recently experienced a negative interest… Continue Reading
ronald February 2nd, 2016
banks, government, mortgage rates, mortgage trends
January 19th, 2016
It didn’t take long for new Finance Minister Bill Morneau to shake things up.
The announcement that caught so many Torontonians off-guard? The new down payment requirements for homes priced over $500K.
In an effort to cool the country’s most expensive housing markets, certain homebuyers will now need a bigger down payment. The current five per cent down is still in effect for mortgages up to $500K, but increases to… Continue Reading
ronald January 19th, 2016
government, mortgage trends
December 8th, 2015
It may only be a few weeks since Justin Trudeau and his Liberal MPs were elected, but that’s not stopping Canadians from anxiously awaiting an update on one issue that hits us right in the pocketbook: the state of Canadian real estate.
Throughout the election, we’ve heard talk of the overheated Canadian housing market. Warnings are coming from all over the world. And it’s all over the news.
In a… Continue Reading
ronald December 8th, 2015
government, mortgage trends, real estate trends