Charge It-The Credit Dilemma
Canadians are facing a worrying financial picture. Keeping up with the rising cost of living has many Canadians making changes. These changes can be drastic and life-altering, including moving for more affordable housing, cutting expenses and increasing work hours. The Bank of Canada (BoC) rate hikes designed to curb these rising costs seem to add […]
The Chicken or The Egg
The Chicken or The Egg Home I’m sure you are asking yourself what the chicken or the egg has to do with the housing market or financing your property. As a mortgage advisor, the question asked most often is, “should I go fixed or variable-rate with my mortgage?” It seems this question may be as […]
Credit score, First-Time Home Buyers, Market, Mortgage Rate
Credit score, First-Time Home Buyers, Market, Mortgage Rate Home “It takes credit to build credit” – a saying most of us have heard in our lifetime. It may have been what prompted you to get your first credit card. For those with good cash-only spending habits, it can be hard to understand why a declined […]
MLS, Inflation, and Interest Rates
MLS, Inflation, and Interest Rates Home The British Columbia Real Estate Association (BCREA) released its 2022 Second Quarter Housing Forecast. 124,854 units were sold in 2021, and the Multiple Listing Service (MLS) expects a decline of 22% from 2021’s record high to 97,240 units sold. 2023 is forecasted to fall an additional 12.4% to 85,150 […]
Housing Slowndown Could Wreak Havoc on Rental Prices
Housing Slowndown Could Wreak Havoc on Rental Prices Home With rising rental demand outpacing available inventory, rent prices rose an average of 9% across the country in April compared to last year. The average monthly rent reached $1,821 in the month, continues its upward trend from the low of $1,676 seen last April during the […]
Remaining Proactive in Trying Times
Remaining Proactive in Trying Times Home Are you struggling to set aside 6-12 months of mortgage payments? With the uncertainty of job loss racing through many people’s minds these days, taking a proactive approach to this issue by putting mortgage payments aside while you’re still actively employed can help set your mind at ease. Planning […]
Rate Hikes – Is There a Need to Worry?
Rate Hikes – Is There a Need to Worry? Home Aaron Krausert with RE/MAX As of today, the Bank of Canada raised the key interest rate by 50 basis points to 1.0%. This is the second hike of what many experts expect to be the trend for 2022. The bank rate is now 1.25% and […]
