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My Mortgage Blog — Latest Posts
British Columbia’s “cooling-off period” now in effect
As of January 1, 2023, British Columbia became the first jurisdiction in Canada to implement a rescission period for real estate transactions, also known as a "cooling-off period.” The amendments...
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Bank of Canada hikes rates by 0.25%, but is now likely to hit the pause button
The Bank of Canada delivered its eighth consecutive rate hike on Wednesday, January 25, but said it would likely now pause to assess the impacts of its rate hikes to date. As expected, the Bank...
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The Far-Reaching Impact of High Mortgage Rates
Who do High Interest Rates Impact?High mortgage rates can have a significant impact on more than just homeowners. The higher interest rate associated with mortgages has a ripple effect throughout the...
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What you need to know about Canada’s new foreign buyer ban
The start of the new year saw Canada’s new foreign buyer ban officially come into effect. The two year-ban, originally passed by Parliament in June to help address housing affordability...
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