June 3, 2023
Canada’s Strong GDP Growth Fuels Speculation of Rate Hikes by the Bank of Canada
Canada's strong Q1 2023 GDP growth fuels speculation of rate hikes by the Bank of Canada. Experts debate whether to
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Welcome to the Mortgages for Less blog! Here, you'll find expert advice, industry news, and helpful tips to guide you through every step of your home financing journey. Whether you're a first-time homebuyer or looking to refinance, our blog is your go-to resource for staying informed and making smart mortgage decisions.
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June 3, 2023
Canada's strong Q1 2023 GDP growth fuels speculation of rate hikes by the Bank of Canada. Experts debate whether to raise rates in June or July, considering inflation and business investments. Uncertainty surrounds the central bank's upcoming decisions.May 30, 2023
Recent weeks have witnessed a surge in mortgage rates at various lenders, including several of the Big-5 Banks in Canada, as the Government of Canada's 5-year bond yield experiences a significant increase. This rise in bond yields, currently at a 14-month high of 3.58%, has prompted mortgage rate hikes, primarily targeting shorter terms. The shifting…May 29, 2023
The recent uptick in Canada's annual inflation rate has sparked a debate among economists regarding whether the Bank of Canada should raise interest rates once again. While some experts caution against premature rate increases, Scotiabank's chief economist suggests that the central bank should take immediate action to address potential inflation risks. Jean-François Perrault, Chief Economist…
May 26, 2023
In recent months, there has been a noticeable shift in the preferences of Canadian homebuyers when it comes to mortgage terms. According to data from the Canada Mortgage and Housing Corporation (CMHC), over one in three new homebuyers and those renewing their mortgages are opting for fixed-rate terms of three years or less. In January,…
May 23, 2023
In a surprising turn of events, the Canadian housing market is experiencing a shortage of new home listings, with homeowners showing reluctance to sell their properties. This has led to a surge in home prices, leaving potential buyers facing limited options and entering bidding wars. While there may be multiple factors at play, one significant…
May 17, 2023
After a period of uncertainty caused largely by the Bank of Canada raising its rate by more than 3%, it seems the housing markets in Canada are finding their footing once again.May 4, 2023
Calgary's benchmark price reached $545,100 in April 2023 with supply at just 1.2 months and homes selling in 24 days. Full stats and analysis.April 14, 2023
IT'S HEATING UP IN CALGARY It's starting to warm up, is the market about to follow? Need Some Mortgage Advice? Whether getting a mortgage on your first home, or looking at options for your next one we are here to help. Our team prides itself on open and honest advice. Come see why we just…April 4, 2023
Calgary's benchmark price rose to $535,100 in March 2023 as supply tightened to 1.3 months and inventory sat 26% below last year. Full stats and analysis.
#image_title Read more#image_title Read moreMay 30, 2023Explained: Why Fixed Mortgage Rates have been Increasing in May 2023
Recent weeks have witnessed a surge in mortgage rates at various lenders, including several of the Big-5 Banks in Canada,
#image_title Read moreMay 29, 2023Are Bank of Canada Rate Hikes Really Over?
The recent uptick in Canada's annual inflation rate has sparked a debate among economists regarding whether the Bank of Canada
#image_title Read moreMay 26, 2023Canadians are Abandoning the Usual 5-year Mortgage Terms
In recent months, there has been a noticeable shift in the preferences of Canadian homebuyers when it comes to mortgage
#image_title Read moreMay 23, 2023Could Higher Interest Rates be the Reason Canadians are Not Listing Their Homes?
In a surprising turn of events, the Canadian housing market is experiencing a shortage of new home listings, with homeowners
#image_title Read moreMay 17, 2023Mortgage Minute 24: Things are getting HOT in Alberta
After a period of uncertainty caused largely by the Bank of Canada raising its rate by more than 3%, it
- Read moreMay 4, 2023
Calgary Housing Market Update (April 2023): Are We Back to a Seller’s Market?
Calgary's benchmark price reached $545,100 in April 2023 with supply at just 1.2 months and homes selling in 24 days.
#image_title Read moreApril 14, 2023Mortgage Minute 23: It’s heating up in Calgary
IT'S HEATING UP IN CALGARY It's starting to warm up, is the market about to follow? Need Some Mortgage Advice?
- Read moreApril 4, 2023
Calgary Housing Market Update (March 2023): Is There Anything Left to Buy?
Calgary's benchmark price rose to $535,100 in March 2023 as supply tightened to 1.3 months and inventory sat 26% below
