TORONTO — Activity in Canada’s real estate market will slow “modestly” in 2016 as interest rates begin to rise, according to a new report from RBC Economics. The report pegs the risk of an outright crash in real estate as low, saying RBC expects the economy to grow and that interest rates will likely rise gradually […]
toronto mortgage
9 Dumb Ways to Borrow Money
Of all the ways to waste money, giving it to high-interest lenders, pawnbrokers and loan sharks is one of the worst. At least when you gamble, you get some entertainment. With a high-interest loan, you just shovel money — and lots of it — into someone else’s hands. Some of the worst loans possible: 1. […]
Toronto Housing Market Overstimulates With More Tax Cut
The Bank of Canada is getting what seems like unusual advice from one of the country’s leading real estate companies. Only a small number of economists are still calling for Bank of Canada governor Stephen Poloz to hold off lowering the country’s key lending level Royal LePage says it’s worried a further rate cut might […]
Interest Rate goes up adding to homebuyers’ challenges, more first-time buyers will not qualify
The interest rate up and third Bank of Canada rate hike this year could shut more first-time buyers out of the Toronto region’s housing market. It will increase hundreds of dollars to some homeowners’ challenge mortgage payments. More first-time buyers may not qualify for mortgage. The central bank has raised its key lending […]