Category: Uncategorized

Central bank held rates for the third straight time, keeping the overnight rate at 2.75%.

Decision follows rising inflation (1.9%) and a strong job report (+83,800 jobs), reducing the likelihood of a cut.

Ongoing U.S.–Canada trade tensions under Trump’s tariffs are creating uncertainty and upward inflation risks.

Scotiabank and RBC predict no more cuts in 2025, while others still expect easing later this year.

Next policy meeting is Sept 17 – eyes now on whether the economy slows or trade chaos worsens.

Bond yields guide mortgage rates—understanding them helps borrowers make smarter decisions.
A bond yield shows how much return investors earn—like interest—for holding a bond.

BoC’s neutral rate is 2.75%, aiming to balance growth without overheating or stalling.

Scotiabank sees rates holding at 2.75% through 2025, then easing to 2.0% in 2026.
Home sales expected to rise 6.3% in 2026, reaching nearly 500,000 across Canada.

Average home prices likely to climb to $697,929 in 2026—up 3% from this year.
CREA says pent-up demand is fueling sales, but uncertainty still holds things back.

Appreciation rate is the annual percentage increase in a property’s value over a specific time period.
It’s a critical metric for Canadian homebuyers and investors evaluating long-term property performance.
Key drivers include location, infrastructure, economic trends, interest rates, and housing market supply and demand.
Appreciation may be market-driven or forced through property upgrades like renovations and improvements.
A consistent appreciation rate helps grow equity, improves refinancing terms, and supports long-term financial planning.

Homeowners in Canada can fund renovations by refinancing or accessing home equity through a secured credit line.

Renovation costs vary greatly; setting a realistic budget and getting quotes is essential before borrowing.

Some mortgage options allow adding renovation costs to the mortgage at the time of home purchase.

Personal loans and credit cards are options but usually have higher interest rates than mortgage-based solutions.

Certain upgrades may qualify for rebates or cost-saving incentives from government programs or local authorities.

On closing day in Canada, you meet your lawyer or notary to sign mortgage and ownership documents.

You must provide proof of home insurance naming your lender before mortgage funds are released.

Your first mortgage payment is usually due about one month after closing, with possible interest adjustments.

Final closing costs include legal fees, land transfer taxes, title insurance, and prorated seller reimbursements.

Keep copies of all signed documents safely; digital copies are also recommended for your records.

Co-signers are fully responsible for the mortgage if the main borrower can’t make payments.

Co-signing affects your own credit and reduces your ability to borrow for future loans.

Removing your name later isn’t automatic; the borrower must fully re-qualify at renewal time.

Tax and legal consequences may apply, including capital gains and loss of first-time buyer benefits.

Always consult financial, legal, and tax professionals before agreeing to co-sign a Real Estate loan.