by cmsdudes | Oct 10, 2024 | Blog
Two significant developments in September will have a lasting positive impact on Canadian housing activity. First were Ottawa’s measures to make housing more affordable. Second was the Fed’s 50 basis point rate cut. Ottawa has come under increasing pressure to reduce...
by cmsdudes | Oct 10, 2024 | Blog
With the Bank of Canada rate decreases throughout the summer and into September, I thought this would be a great opportunity to update you on what this means for your mortgage. If you’re on an adjustable-rate mortgage, this will result in a slight decrease in...
by cmsdudes | Sep 11, 2024 | Blog
As the Bank of Canada cuts interest rates, housing activity has remained relatively weak. Existing home sales were well below historical averages in July, while new listings edged upward. Prices have plateaued, and residential mortgage originations are tepid. Mortgage...
by cmsdudes | Sep 11, 2024 | Blog
The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the...
by cmsdudes | Aug 14, 2024 | Blog
All eyes were on The Bank of Canada last month as they cut interest rates by 25 basis points again during their July 24th meeting, thereby taking the overnight policy rate down to 4.5%. We believe that owing to a sustained deceleration in inflation, the central...
by cmsdudes | Aug 14, 2024 | Blog
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Did you know? There are a few ways you can help pay...
