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My Mortgage Blog — Latest Posts
Existing homes sales fell in October
Sales of existing homes continued to fall in October while prices remained flat, the Canadian Real Estate Association (CREA) reported today. Sales fell 5.6% from September but remain 0.9% above...
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Building permits fell 6.5% in September
The total value of Canadian building permits fell 6.5% in September to a seasonally adjusted $11.2 billion, according toStatistics Canada. Residential permits, however, rose 4.3% to $7.2...
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Challenges of 2023:
This last year, the housing market felt like riding that old wooden roller coaster at the PNE! Here are a few reasons why… Market Volatility and Rate Tightening: The year witnessed uncertainty...
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Bank of Canada Holds Rates at 5% Amid Global Economic Slowdown
The Bank of Canada has decided to maintain its target for the overnight rate at 5%, keeping the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative...
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