Where was the spring market? Homebuyers continue to wait in the wings despite highly-anticipated first rate cut by the Bank of Canada.
Nationally, home prices increased 1.5% on a quarterly basis in Q2 despite activity slowdown in major markets.
Fixed or variable rate? Here’s how to prepare for your mortgage renewal.
More than half of Canadian mortgages will renew before the end of 2026, and with the Bank of Canada lowering its key interest rate from 5.0% to 4.75% on June 5th, many homeowners are now wondering which mortgage type they should opt for upon renewal — a fixed or variable rate.
Despite affordability challenges, a quarter of Canadian renters plan to get a foot on the property ladder in the next two years. 27% of renters say they are planning to buy a property within the next two years.
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