Month: May 2018

Prices come down. Real estate prices have stabilized across the country and even dropped in some areas of the larger markets.  The total amount of sales has also decreased. The Canadian Real Estate Association (CREA) reported that sales were down 13.9% year over year in April and blames the new mortgage stress test that came … [Read more…]

Rate Announcement The Bank of Canada just announced recently that it is maintaining the Bank of Canada rate at 1.25%. This is the benchmark rate in which variable rate mortgages as well as consumer loans are priced against. The reasons given to keep the rate unchanged were due to a slower than expected growth in … [Read more…]