Get your complementary Pre-Approval from aDiamondMortgage, here. Scotiabank economist predicts eight rate hikes in next two years Current inflation is “not transitory at all” according to expert Taking current trends and inflationary pressures into account, the Bank of Canada will likely raise its benchmark interest rate four times in the second half of next year and another four [&hellip…
Get your complementary Pre-Approval from aDiamondMortgage, here. How to fine-tune your finances for a mortgage The combination of low interest rates, limited housing supply and a growing pool of buyers has created an overheated real estate market characterized by bidding wars and properties selling far above their listing price. In times like these, buyers need to get their [&hellip…
How a Mortgage Pre-Approval Can Protect You from Rising Rates Over the past month, we have seen several fixed mortgage rate hikes from the banks and other lenders. Whereas rates below 2% were readily available one month ago for most uninsured 5-year fixed mortgages, the average is now around 2.79% at most banks. We all suspected rates [&hellip…
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