by harmerwealth | Oct 23, 2024 | Debt, Economy, Interest Rates, Mortgages, Real Estate
Boost in Mortgage Affordability: Lower interest rates reduce mortgage costs, potentially increasing what you can afford. While this opens the door to homeownership for many, it may also drive up real estate prices as demand rises. Now could be the time to assess your...
by harmerwealth | Jun 5, 2024 | Debt, Financial Planning, Interest Rates, Mortgages
Finally, some long-awaited good news from the mortgage market: the Bank of Canada has made its first rate cut of 0.25% to PRIME. This change is set to have a significant impact on homeowners across the country. If you’re a Variable mortgage or loan holder,...
by harmerwealth | Aug 18, 2023 | Debt, Interest Rates, Mortgages
Mortgages, whether you’re a first-time homeowner or seasoned property veteran, can sometimes be a cause for concern, especially in a high-interest rate environment. We know that many of you are anxious about the looming prospect of renewing or refinancing your...
by harmerwealth | Jul 18, 2023 | Debt, Interest Rates, Mortgages, Uncategorized
In a refreshing turn of events for Canadians, the inflation rate has dipped to 2.8% in June, according to the latest consumer price index report from Statistics Canada. This is the first time in over two years that the rate has fallen within the Bank of Canada’s...
by harmerwealth | Jun 4, 2023 | Debt, Interest Rates, Mortgages, Real Estate
Canada’s inflation rate came in at disappointing 4.41% for April, compared to 4.3% for the month of March. This minimal change has led to a resurgence of fear that the Bank of Canada will continue its increase to policy rates. Any increase to policy rates results...
by harmerwealth | Apr 28, 2023 | Debt, Interest Rates, Mortgages, Real Estate, Uncategorized
Recent economic data from Canada indicates a slower growth rate in February and an anticipated contraction in March, coupled with a deceleration in inflation. This suggests that the Canadian central bank’s plans to keep interest rates on pause are well-founded....
