Is Homeownership Within Reach in Canada? The Housing Affordability Index Can Tell You
The housing affordability index is a useful tool for anyone who has questions about home prices and housing affordability. Here’s how it works, what it does, and what it means for you. What is the housing affordability index?The housing affordability index is the measurement of how affordable housin
Inflation Is Slowing in Canada. What’s Next for Mortgage Rates?
With inflation and the housing market dominating economic headlines, it’s important to understand how they go hand-in-hand. When the rate of inflation is too high, the Bank of Canada takes action by raising the key interest rate. As a result, borrowing money becomes more expensive—and interest rates
Mid-Year Home Price Predictions for Canada from the Experts
On July 12th, the Bank of Canada raised interest rates again, hiking them by 25 basis points (0.25%). The current rate is the highest it’s been since April 2001. This move is a further attempt at directing the economy toward a “soft landing,” or a gradual slowdown that curbs inflation while avoiding
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