Skip to content

TagMortgage Broker

Posted Finance

Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet?

As predicted, the Bank of Canada raised their benchmark rate a few days ago. No surprises here. And yet, the media will make you feel like this was out of left field. Even worse, they’ll spew fear mongering dribble that the train is off then rail. That every single BoC meeting for the rest of the year will result in a rate pump. That we’re heading for a market crash of epic proportions. So is it time to worry yet?

I’m here to tell you this: turn off the television and take a deep breath. There’s nothing to fear.

Continue reading “Bank of Canada Raises Rate by 0.25% – Is it Time to Worry Yet?”
Posted Mortgage News

Don’t Fear the Rate Hikes

Last week, I came across an article with this headline:

“Bank Of Canada Will Raise Rates 500% This Year, To Start Within Weeks.”

Pretty scary headline right? The article claimed that there will be five rate hikes of 0.25% this year. Even worse, these hikes will start almost immediately – meaning the first hike will happen at the first Bank of Canada announcement of the year. 

That announcement happened yesterday. No rate hike.

Continue reading “Don’t Fear the Rate Hikes”
Posted Mortgage News

Is It Better to Rent or Buy Your Home?

Spoiler alert: this isn’t one of those pro-renting articles that seem to be so in-vogue these days. You’ve probably seen the type. They purport that contrary to popular belief, if you look deeply into the long term economics of homeownership, you’ll find that it actually makes much more sense to rent. Some even tout the psychological benefits of foregoing homeownership (based on… not all that much).

Continue reading “Is It Better to Rent or Buy Your Home?”