Articles for First Time Homebuyers

With a trade deal between China and the US and with Democrats taking back the House of Representatives, we expect a more measured approach and a trade deal with China before the end of the year. This is particularly important as global stock markets have grown more sensitive and volatile in recent months. With peak valuations in real estate and stock markets behind us, capital markets are looking for stability from the world’s largest economies.

As expected, the Bank of Canada increased its overnight rate on Wednesday to 1.75%.  Canadian banks are responding by announcing increases to their Prime Lending Rate. The Bank Prime is now at 3.95%.  For those in a Variable or Adjustable Rate Mortgage, your lender will be notifying you of when their increase will take effect.