FinanceMortgageRates

Could 10-year mortgage terms help ease ‘payment shock’ for Canadians? What to know

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…

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FinanceMortgageRates

Cottage prices expected to rise with owners in no rush to sell: ReMax

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…

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FinanceMortgageRates

Bank of Canada holds key rate, but signals June cut in ‘realm of possibilities’

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…

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Mortgage

Mortgage interest still driving inflation, as overall rate nudges up to 2.9%

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…

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