### Why Fixed Mortgage Rates Might Not Drop, Even if the Bank of Canada Lowers Its Rate On October 31, 2024, the Bank of Canada reduced its key interest rate to 3.75%, sparking hopes among many Canadians for potential mortgage rate relief. However, while variable rates respond directly to changes in[…]
Canada Mortgage and Real Estate Market Update The federal government, announced new changes to make mortgages more affordable and homeownership easier. These reforms will take effect in December 2024. Here are the key changes: - **Insured mortgage cap:** The maximum amount for insured mortgages will increase from $1 million to $1.5 million[…]
Canada Mortgage and Real Estate Market Update - September 2024 In September 2024, the Canadian real estate market, particularly in Quebec and Ontario, is evolving with key shifts in the mortgage landscape. Here are the main trends: Interest Rates and Impact: The Bank of Canada held the interest rate at 4.25%, stabilizing[…]
Exploring Condos in Sud-Ouest: Your Gateway to Montreal Living
Exploring Condos in Sud-Ouest: Your Gateway to Montreal Living
Interest Rate Update – Effective August 16, 2024 | **Term / Durée** | **Our Interest Rates / Nos taux d’intérêt** ||------------------|--------------------------------------------|| **Fixed Residential Rates – Insured / Taux Fixe Résidentiel – Assuré** | || 1 year / 1 an | 6.74% || 2 years / 2[…]
Exploring Condos in Sud-Ouest: Your Gateway to Montreal Living
Canada Mortgage and Real Estate Market Update - July 2024 The Bank of Canada cut its benchmark interest rate by a quarter of a percentage point on Wednesday as the head of the central bank suggests the rate will need to move even lower to reignite the[…]
Canadian Mortgage and Real Estate Market Update - July 11, 2024 National Mortgage Statistics and Real Estate News As we head into summer 2024, the Canadian real estate market continues to show notable trends and changes. Here is a comprehensive update on the current state of the market, including average home prices,[…]
Canadian Government Bond Yields and Mortgage Rates on the Rise The interest rates on Canadian government bonds, which influence fixed mortgage rates, have gone up by more than 0.30%. After dropping over the past two months, these bond rates are climbing again. Why Are Bond Rates Increasing? Earlier, lower inflation rates in Canada and[…]
Quebec Housing Market Update - June, 2024 Here's the latest update on the Quebec housing market as of May 2024: - **Overall Home Prices:** The average home price in Quebec is now $483,700, up 4.2% from last year.- **Single-Family Homes:** These homes are selling for an average of $541,600, which is[…]
### Weekly Review **Canada:** In April, the Consumer Price Index (CPI) rose by 0.50%, as analysts had expected. After seasonal adjustment, the increase was 0.19%, following a 0.25% rise the previous month. The annual inflation rate was 2.7%, down from 2.9% in March. **Price Increases:** - **Transport:** +0.6%- **Housing:** +0.5%- **Healthcare/Personal Care:**[…]
In the United States: Yep, the Federal Reserve is staying the course by keeping its benchmark interest rate steady this week. They're even hinting that rates will likely hang out in the high territory for a bit longer. On the job front, things slowed down a tad in April in the U.S.,[…]
Alrighty, folks! Let's break down what's been happening in the housing market lately in a way that won't have you reaching for a dictionary. So, the housing scene? Still going strong! For the fourth month straight, things have been looking up. Sales went up by 2.4% from last month, beating the[…]
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Embarking on the journey of finding the perfect rental property can be as challenging as purchasing a home, especially in today's competitive market. That's where a seasoned realtor steps in, armed with the expertise and negotiation skills to streamline the process and help you secure your ideal living space. Let's[…]
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What does a sellers market mean for buyers?
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https://realestatemagazine.ca/buyer-friendly-terrain-emerges-as-canadas-housing-market-cools/
Embarking on the journey of finding the perfect rental property can be as challenging as purchasing a home, especially in today's competitive market. That's where a seasoned REALTOR® steps in, armed with the expertise and negotiation skills to streamline the process and help you secure your ideal living space. Let's[…]