Uncategorized Bank of Canada reduces policy rate by 25 basis points to 4.25% Bank of Canada reduces policy rate by 25 basis points to 4.25% The Bank of Canada today reduced its target for the overnight rate to 4¼%, with the Bank Rate at 4½% and the deposit rate at 4¼%. The Bank is continuing its policy of balance sheet normalization. The global economy expanded by about 2½% […]
Uncategorized Buying a Home: The Basics Key Takeaways Determine a realistic budget that includes all homeownership expenses to avoid financial strain in the long run. Thoroughly research neighborhoods, attend open houses, and consult with real estate agents to make an informed decision. Secure financing beforehand and negotiate based on research and inspection findings to get the best deal possible Buying a […]
Uncategorized Teranet-National Bank House Price Index™ remained relatively stable again in July YEAR-OVER-YEAR The Teranet-National Bank Composite Home Price Index™ rose by 2.0% from July 2023 to July 2024, less than the 3.6% increase recorded the previous month. Increases were observed in ten of the 11 cities making up the composite index in July. Calgary led the way with a 15.1% year-on-year price increase, followed by Edmonton with […]
Uncategorized First-time homebuyers can now apply for a 30-year mortgage The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still […]
Uncategorized Bank of Canada reduces policy rate by 25 basis points to 4½% Bank of Canada reduces policy rate by 25 basis points to 4½% The Bank of Canada today reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected to continue […]
Uncategorized 2024 Canadian Price Per Square Foot Survey Canadian home prices largely stable, with some smaller communities, ‘burbs, and AB seeing increases Annual Price per Square Foot survey looks at prices back to 2018 for almost 50 communities   Vancouver (July 22, 2024) – Canadian housing prices per square foot generally held steady in the first half of this year, with some notable exceptions […]
Uncategorized Nova Scotia Down Payment Assistance Program The Down Payment Assistance Program helps Nova Scotians who pre-qualify for an insured mortgage to buy their first home. You can apply to the Down Payment Assistance Program for a loan of up to 5% of the purchase price of a home to help with the down payment. You can apply anytime. Use the Down […]
Top 10 Must Try Restaurants in Halifax Halifax is home to a very vibrant restaurant scene. In my opinion, it punches well above its weight for a city of its size. It’s also one that has increasingly become more dynamic thanks to an influx of immigrants, high-profile chefs, and an overall creative approach to both interior design and menu creation. That means […]
Don't Miss Our Next Post
Subscribe Now