3 Interest Rate Cuts in a Row! How Your REALTOR® Is There to Help
3 Interest Rate Cuts in a Row! How Your REALTOR® Is There to HelpThree interest rate announcements, three cuts in a row. The Bank of Canada has once again announced it is cutting the key interest rate to 4.25%—news Canadian home buyers and owners will certainly welcome.Canada’s central bank ...
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 ...