The Bank of Canada cut the key interest rate for the first time in 4 years by 0.25% to 4.75%.This comes after a period of high inflation and to boost the economy which contracted in Q1.Read more
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Experts predict a high probability of a rate cut by the BoC before its 4th interest rate announcement of the year. It is predicted that interest rates will bottom out ~3 – 3.75% by 2025Read more
While mortgage payments may ↑, Canada’s low default rates reflect homeowners' strong financial resilience. The BOC’s rate hikes have been met with a robust response from homeowners, thanks to economic growth and prudent savings.Read more
Deloitte Canada predicts more interest rate cuts in 2025, affecting Canadian homeowners with mortgage renewals. Despite a strong start in 2024, GDP growth is forecasted to slow to 2.6% in 2025. The Bank of Canada's benchmark rate is expected to fall to 2.75% by the end of the year. With half of outstanding mortgages yetRead more
The Bank of Canada is predicted to reduce interest rates three times this year due to economic slowdown.If interest rates drop, variable-rate loans could reduce costs more than fixed-rate loans.Read more
Private mortgages offer a fresh take on Real Estate investment, sidestepping traditional property management. Direct lending to borrowers is secured by Real Estate, with a $1.5M starting point for liquidity.Read more
72% of Canadians are waiting for lower Bank of Canada rates before buying homes. High rates hinder passing the mortgage stress test, affecting buying power and home affordability.Read more
The US Federal Reserve has maintained its policy rate, citing progress towards its 2% inflation target. The Fed now anticipates only one rate cut in 2024, a decrease from the previously projected three cuts. Fed Chair Powell stressed the importance of robust data to support sustainable inflation. Meanwhile, the Bank of Canada is expected toRead more
Buyers should consider the number of residents; each person ideally needs 600 sq ft. The tiny house movement promotes living in small homes, usually under 400 sq ft.Read more
Canada's largest financial co-operative suggests introducing more mortgages with longer renewal terms. Longer-term mortgages could mitigate "payment shocks" for households amidst interest rate increases.Read more
