Written by Steve Huebl• October 17, 2024• 11:26 p.m.• Economic news • A comment • Views: 2,613 In recent years, many feared that the looming “mortgage renewal cliff” would put a damper on the Canadian economy, especially after aggressive interest rate hikes from the Bank of Canada. But according to an RBC report, … Read more
In Canada’s dynamic real estate industry, foreclosure and power of sale processes play a crucial role in ensuring the orderly resolution of financial disputes and the protection of lenders and borrowers. In British Columbia, Canada, these processes are well defined, providing a legal framework that governs the transfer of property when a borrower defaults on … Read more
Overview of the Canadian Banking SystemThe Canadian banking system is dominated by a few large banks – these are often referred to as the “Big Five”. These banks include the Royal Bank of Canada (RBC), the Toronto-Dominion Bank (TD), the Bank of Nova Scotia (Scotiabank), the Bank of Montreal (BMO), and the Canadian Imperial Bank … Read more
As we approach the next Federal Reserve (Fed) meeting on September 17-18, 2024, it is important for both current homeowners and potential buyers to understand how this could impact mortgage rates. Let’s break down what a potential rate cut means for your home buying or refinancing plans. What is the Federal Reserve doing? The Federal … Read more
Although everyone has been enjoying incredible fall weather, it’s not just the temperature that’s rising. It appears the bond market is taking a cue from Mother Nature and heating up as well. While I would hate to go against the chorus of real estate agents saying you have to buy now to afford a home, … Read more