Overall, the passage highlights the interconnectedness of global economies and how developments in the US economy can impact financial conditions and policy expectations in Canada.
The real estate market in Toronto, Ontario showed promising signs in January 2024 compared to the same period in 2023.
The mortgage approval process involves several steps from the initial application to the closing of the loan.
Understanding these terms can help individuals make informed decisions when navigating the process of obtaining a mortgage.
To determine how much, you can afford for a mortgage, several factors need to be considered, including your income, monthly expenses, down payment, and the interest rate on the mortgage.
Saving for a down payment is a crucial step in the home-buying process.
The December and year-end 2023 real estate statistics for the Greater Toronto Area (GTA) reflect a challenging market influenced by various factors, including record immigration and affordability issues.
Interest rates are still rather unstable in Canada, but at the same time, housing is a necessity. If you are contemplating a home purchase, you are weighing your options regarding financing.
The middle of the third quarter shows that listings are up from what we saw a year ago. However, sales were down. Although there seems to be a good choice of properties on the market, selling prices remain the same compared to what we recorded only a year ago.
A term being used these days is Mortgage Payment Shock. If you haven’t heard it, you soon will. It is a surprise that many Canadians experience their adjustable mortgage payments increase and unexpected rates that are offered as mortgage renewals occur.