Borrowers could soon see lowest 5-year fixed rates in more than 2 years
Borrowers could soon see lowest 5-year fixed rates in more than 2 yearsRobert McLister: We’re probably not far from seeing 3.99% 5-year fixed rates — at least of the insured varietyCanada’s central bank just tossed borrowers another bone with a quarter-point rate cut. That has brought Canada’s ...
Bank of Canada reduces policy rate by 25 basis points to 4¼%
Bank of Canada reduces policy rate by 25 basis points to 4¼% The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization.The ...
Shrinking condos don’t interest first-time home buyers
Shrinking condos don’t interest first-time home buyersFirst-time home buyers are shunning today’s shrinking condosThere are signs that first-time buyers are souring on condo living, writes Kelsey Rolfe. A recent survey of Canadian renters found that most respondents still wanted to buy a ...
Self-employed with no pension
Self-employed with no pensionHere’s how freelance workers and entrepreneurs in Canada can use the unique aspects of “working for yourself” to build a bigger nest egg.The year 1975 was the high water mark for bell bottoms, soul music and workplace pensions. Back then, around half of ...
Should Canada ditch the mortgage stress test? What experts are saying
Should Canada ditch the mortgage stress test? What experts are sayingDespite recent interest rate cuts, the Canadian real estate market remained slow this summer.This has prompted some in the industry to call for an end to the stress test – a tool that determines whether a person can qualify ...