Bank of Canada Rate Announcement May 30th, 2018

Bank of Canada Rate Announcement May 30th, 2018

The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 percent. Global economic activity remains broadly on track with the Bank’s April Monetary Policy Report (MPR)...
The State of Mortgage Consumers

The State of Mortgage Consumers

Mortgage consumer debt reached a record level in the second quarter of 2017, yet mortgage holders have proven capable of managing their increasing monthly obligations. That’s according to CMHC’s recently released Mortgage and Consumer Credit Trends report, which said...
Mortgage Update – Surrey Market

Mortgage Update – Surrey Market

Buying a home is an exciting time, but it can also be very overwhelming trying to find the perfect place to move to. Due to the constant market fluctuation, listing prices are always changing. Being familiar with the listing and selling prices in a specific area can...
Latest Mortgage Stats | 2018

Latest Mortgage Stats | 2018

There have been a number of reports released over the past few weeks that have provided some interesting insight into the state of the housing and mortgage markets. New reports have touched on everything from 2018 renewal rates, foreign buyer statistics and credit...
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