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…
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…
Rate-cut rumblings could spur sweeter mortgage deals Robert McLister: If you shop around, you can now land variables as low as 6.55% if uninsured, and 5.90% if insured Robert McLister · Financial Post Published: February 2, 2024 Canada’s mortgage rate market got good news out of Washington Jan. 31 as the United States Federal Reserve confirmed the…
Bond yields plunge. What it means for fixed mortgage rates Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, down from 3.15% on Thursday and well off the 3.59% high reached in mid-June. The decline…
