On Wednesday March 9th the Bank of Canada announced that it was raising its key overnight lending rate by a quarter of a percentage to 0.5%, as it attempts to fight inflation caused by the COVID-19 pandemic. Homeowners with a variable rate mortgage will immediately feel the effects of the higher rates on their monthly payments, but what does this means for the current detached real estate...
The pros and cons of the 4th wave Pros In the face of uncertainty, it’s challenging for policymakers to raise interest rates. Omicron may cause a push back on the plans to increase rates early in 2022 and money will remain cheaper for longer.With restrictions imposed on travelling and entertainment, people will have more available money sitting in the bank, hopefully increasing their saving...
It goes without saying that the spring is a great time to sell a house. The weather is warming up, things are blooming, and many home hunters are in the mood to shop around. That being said, there are some significant advantages that come with listing your home in the fall. With the arrival of September, we encourage Sellers to take a look at what the fall real estate market has to offer. Here are 4...
2020 and 2021… unprecedented years with a unique set of circumstances that have drastically impacted almost every part our lives. The real estate market has been no exception and has seen some surprising developments for many professional forecasters. Are you wondering how this global pandemic continues to impact the housing market today? And how it will impact our future market? The housing market...