Tuesday, August 9, 2022
Wednesday, July 13, 2022
Having regular checkups by a doctor is critical to ensuring good health. The same concept holds true for one of your most important financial investments: your mortgage.
Plenty can change in someone’s life during the standard five-year mortgage a lot of Canadians sign up for. You may need to change your mortgage because of a career change, having kids, or entering retirement.
Home sales have been impacted by both the affordability challenge presented by mortgage rate hikes and the psychological effect wherein home buyers who can afford higher borrowing costs have put their decision on hold to see where home prices end up. Expect current market conditions to remain in place during the slower summer months. Once home prices stabilize, some buyers will re-enter the market despite higher borrowing costs,.
Ontario - Higher Borrowing Costs Continued to Impact Home Sales