At GoldTree, our expert team, spanning banking, real estate, law, and more, is dedicated to your financial goals. Experience priority service and unmatched professionalism when you choose us. Whether you’re buying your first home, refinancing, or just exploring options, we’re here to help you grow.
What the Bank of Canada rate cut means for mortgages, consumer loans and investments Published Wednesday, June 5, 2024 3:05PM EDT The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here’s what it could mean…
Mortgage debt is growing at its slowest pace in 23 years — but that could be short-lived, says CMHC Higher home sales and prices forecast in the coming years May 29, 2024 4:22 PM Mortgage debt grew at its slowest pace in 23 years in February, amid high borrowing costs and reservations related to the…
Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to know Sean Previl | Global NewsMay 14, 2024 Many Canadian homeowners have felt the pain of higher interest rates when it’s come time to renew their mortgage, but a new report from Desjardins says if 10-year terms were more prevalent and attractive, it…
Canadian home sales fell 1.7% in April, CREA data shows ReutersWed, May 15, 2024 at 9:07 a.m. EDT OTTAWA (Reuters) – Canadian home sales declined 1.7% in April from March, and were up 10.1% on an annual basis, data from the Canadian Real Estate Association (CREA) showed on Wednesday. The industry group’s Home Price Index…
Cottage prices expected to rise with owners in no rush to sell: ReMax Recreational property prices will increase by 6.8% in 2024 Shantaé Campbell | Financial Post Published: April 30, 2024 Recreational property prices will increase in 2024 as cottage owners opt to retain their properties despite concerns about interest rates, affordability and recent tax changes, according to a…
Capital gains tax hike will hit more Canadians than we thought Economist believes it will take a series of rate cuts before many are ready to take the plunge Pamela Heaven | Financial Post Published: May 2, 2024 Ottawa’s hike to the capital gains tax has been slammed as a blow to Canada’s productivity, but closer to home,…
Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’ Economist believes it will take a series of rate cuts before many are ready to take the plunge Craig Lord Global News Published: April 10, 2024 The Bank of Canada held its benchmark interest rate steady on Wednesday amid signs that inflation is easing, with officials acknowledging that…
Mortgage interest still driving inflation, as overall rate nudges up to 2.9% Year-over-year inflation is up slightly but dropped when excluding gasoline prices Anis Heydari · CBC News Published: April 16, 2024 Canada’s inflation rate went up slightly in March compared to February, with Statistics Canada pointing out gasoline prices are partly behind the increase. The federal agency’s…
Canada to allow 30-year amortization for first-time buyers’ mortgages on new homes Toronto Sun Published: April 11, 2024 TORONTO — The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes. Finance Minister Chrystia Freeland made the announcement in Toronto on Thursday, saying it will take effect Aug.…
