Gulgun Mohd Shafeh

10/23/2024

Bank of Canada is dropping the interest rate, but the question is can Canadian afford to buy/invest in real market state? Thats the question, people already are in high debt with cost of living sky rocking.

The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in S...

02/04/2023

You dont need to pay thousands of $ to builder just to delay your closing till you get your mortgage, instead check short term private mortgage, that might work much better and much cheaper for you.

01/07/2023

09/07/2022

What does this mean for you .....

Higher mortgage for those who is expected to renew and those who r in variable rate.
Expected property prices to continue its downward trend
Expected appraisals to come lower than the value purchased in next months or so.

Policy makers led by Governor Tiff Macklem raised the benchmark overnight rate by 75 basis points to 3.25% on Wednesday, giving Canada’s central bank the highest policy rate among major advanced economies. Officials said they expect to continue raising rates, keeping the door open for more hikes i...