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Posted by: Thelma Pareras Varela
Buying a condo, townhouse, or other shared-ownership property can be a great option for many buyers, but it also comes with details that should be reviewed carefully before signing. Unlike a detached home, a condo purchase involves more than the unit itself. You also need to understand the building, the condo corporation or syndicate, […]
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For many homeowners, the mortgage payment is one of the largest monthly expenses. When there is extra cash available, one common question is whether it should be saved, invested, used for other expenses, or applied toward the mortgage. There is no single answer that applies to everyone, but even small mortgage prepayments can make a […]
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Canada’s housing market showed stronger signs of life in May, with national home sales posting their strongest monthly increase so far this year. After several months of uncertainty, the market appears to be moving from adjustment toward a more balanced and active phase. For buyers, sellers, and homeowners approaching renewal, this shift matters. A […]
Read MorePosted by: Thelma Pareras Varela
Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With inflation hovering at 2.4% and core inflation falling to 2.0%, the Governing […]
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