Sell High, Buy Lower – Market Predictions Say Home Prices Cooling

There is no shortage of media fallout from the Canadian Real Estate Association (CREA) announcement on June 2 that it is revising its forecast for home sales. Some news reports blame inflated prices in BC for precipitating the CREA decision to revise its forecasts. Whatever the source, word of mouth often leads to realization of [...]

Central Bank Rate Hike Not Enough to Worry Mortgage Holders

The Bank of Canada raised its target overnight rate by a quarter of a percentage point to 0.5 percent today, making it the first of the G7 countries to do so. The Bank Rate rose correspondingly to 0.75 percent, with the deposit rate kept at 0.25 percent Housing and consumer spending in Canada fed a robust [...]