by cmsdudes | Sep 11, 2024 | Blog
As the Bank of Canada cuts interest rates, housing activity has remained relatively weak. Existing home sales were well below historical averages in July, while new listings edged upward. Prices have plateaued, and residential mortgage originations are tepid. Mortgage...
by cmsdudes | Sep 11, 2024 | Blog
The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the...
by cmsdudes | Aug 14, 2024 | Blog
All eyes were on The Bank of Canada last month as they cut interest rates by 25 basis points again during their July 24th meeting, thereby taking the overnight policy rate down to 4.5%. We believe that owing to a sustained deceleration in inflation, the central...
by cmsdudes | Aug 14, 2024 | Blog
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Did you know? There are a few ways you can help pay...
by cmsdudes | Jul 18, 2024 | Blog
The Bank of Canada finally began an easing cycle on June 5, taking their overnight policy rate down 25 bps to 4.75%–the first major central bank to do so. The housing market has languished over the past year with extremely weak affordability. The...
