Get your complementary Pre-Approval from aDiamondMortgage, here. Bank Of Canada Says Speculative Investors Account For 19% Of Homebuyers A new study from the Bank of Canada has found that speculative investors account for nearly one-fifth (20%) of home purchases dating back to 2014, a figure that has rapidly outpaced other types of buyers during the pandemic. The report, [&hellip…
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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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Get your complementary Pre-Approval from aDiamondMortgage, here. Mortgage debt growth accelerates, but borrowing activity stalls – BoC Debt balances reach a new high Annual growth in mortgage debt is now at one of its fastest rates in over a decade, but the pace of borrowing nationwide is showing a sharp deceleration, according to data from the Bank of [&hellip…
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