Majid Habibi Mortgage Broker at Tribe Financial

03/12/2021

https://www.canadianmortgagetrends.com/2021/03/bank-of-canada-still-sees-low-rates-until-2023-financial-markets-disagree/?fbclid=IwAR2s81jbSfpGaxev06Fyf2MiTPzRHLtCJ8YjFVUSKhvBFBcsEuIn2f-Cs5Q

The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023. “We remain committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflat...

03/12/2021

https://www.bankofcanada.ca/2021/03/fad-press-release-2021-03-10/?fbclid=IwAR3sKy2MY1gTESsEn0eDzFsAjWMXGOn8ev91M7ICG9-LB9N70C23rnBNHrQ

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) pro...

03/02/2021

Benjamin Tal, deputy chief economist at CIBC joins BNN Bloomberg with his inflation outlook for the months ahead. He also discusses the recent trends in Canada's housing and how much of an influence the U.S. yields are for our market. He says with low interest rates there is a significant increase i...

03/01/2021

After the record lows of last summer, fixed mortgage rates are starting to climb back up as the economy's outlook improves.

02/26/2021

https://torontostoreys.com/toronto-rents-expected-to-climb-another-4-percent-2021/?fbclid=IwAR2roFt6NrJfxcjBhUNCjjdUdSYOD0vp72UrIsRQydCAYUT2Z7yLPEOrH4Q

If you've been thinking about renting in Toronto, now might be the best time as asking rents are set to decline over the next few months.

02/24/2021

https://torontostoreys.com/next-phase-toronto-modular-housing-initiative-revealed/?fbclid=IwAR1aPFb10GRLK8qDgLdjfP53kwsqakR5YH3nH3Wbin_MD9tFx0S_OCsAmFA

Toronto has revealed the two new locations that will serve as the second phase of its modular housing initiative in Willowdale and East York.

02/23/2021

https://torontostoreys.com/toronto-not-moving-ahead-municipal-land-transfer-tax-increase/?fbclid=IwAR0AsXFs3OMthY7xt44496BQ9UuxyBpI2QG2qf_8RYhYAH8QbS8qJpA32M4

Toronto is not increasing the Municipal Land Transfer Tax and, instead, will conduct a study of all revenue tools and options for the City.

02/22/2021