Bank of Canada Keeps Rates on Hold, Rules Out a Calendar for Cuts

OTTAWA, March 6 (Reuters) - The Bank of Canada (BoC) held its key overnight rate unchanged at 5% on Wednesday as anticipated, but dashed hopes for borrowers seeking respite, citing persistent underlying inflation as a barrier to considering a reduction. Governor Tiff Macklem emphasized the inability to schedule rate cuts, highlighting elevated core inflation metrics. Overall inflation remains at 2.9%,...

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Unleash the Power of Equity – Your Key to Wealth Creation!

Dreaming of a debt-free retirement?  It's a common aspiration, and for many, homeownership is the cornerstone of that dream. Celebrating mortgage payoffs and enjoying the yearly increase in property values (typically 4-15%) are indeed joyous milestones. But what if we told you there's an untapped potential within your home that could catapult your financial growth? **🚀 Equity: Your Silent...

Getting Your Home Ready to Sell: A Checklist

First impressions are everything, especially when it comes to selling your home. Make your interiors and exterior spaces as appealing as possible because potential buyers want to envision themselves living in your home. If you’re considering putting your home up for sale, now is the ideal moment to develop a checklist to ensure you stay on the right path. We’ve compiled a list of the important tasks you need to consider before getting your home ready to sell.  

Relisting at a Higher Price – Does It Work?

If, at first, you don’t succeed in selling your house, try and try again? For many residential property owners in today’s Canadian real estate market, it can be challenging to sell a home, whether because of the listing price or higher borrowing costs. In a more balanced housing sector, relisting can be more common to witness. Relisting refers to putting a property back on the real estate...

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9 Ways To Save On Your Mortgage

We can all agree with this — buying a house is a milestone. However, this can be financially draining due to mortgages and high interest rates. Paying your mortgage for decades may seem overwhelming, especially for first-time home buyers and those with limited financial resources. However, don’t give up just yet on purchasing your dream home. We’ll share nine ways to help you save on your...

Is Low Supply Keeping Canadian Real Estate Prices High?

A year ago, housing affordability dominated national conversations as the Canadian real estate market exploded in growth across major urban centres and rural communities alike. This year, the conversation has ostensibly changed, with buyers, sellers, market analysts and industry experts discussing the path the Bank of Canada (BoC) will take in 2024 and immigration levels. Will the central bank cut...

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