Get your complementary Pre-Approval from aDiamondMortgage, here. Mortgages 101: What’s a mortgage and how to choose between fixed and variable rates in Canada? Selecting a mortgage is one of the biggest – and most stressful – financial decision made by many Canadians. But a clear understanding of a few basic terms and concepts can help allay some the [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. Economists forecast rising home sales, prices in 2022 Most of Canada’s biggest mortgage lenders and its largest real estate groups are forecasting a robust housing market this year, with some seeing double-digit sale increases and sharp price hikes, despite rising lending rates and a shortage of homes for sale. CIBC, however, [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. Bank of Canada Preview: Omicron Throws Rate Hike Forecasts into Question While markets are pricing in the first Bank of Canada rate hike by March, some economists say the uncertainty of the new Omicron Covid-19 variant could put that timing into question. “Omicron threatens to delay some [central bank rate hikes], [&hellip…
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