November 2018

Found 1 blog entry for November 2018.

We originally published this article in June 2018, however, with the recent interest rate increases by the Bank of Canada we thought it would be prudent to publish it again. Please note that the interest rates and calculations in the article are those that were in effect in June 2018. Since then, the qualifying rate has remained at 5.34%, however the best 5 year contract rate available has increased to 3.59% - meaning that while you still qualify for the same mortgage amount today as in June, the monthly payment in the examples has increased by $42/month. These rates are on approved credit and are subject to change without notice.  


Maybe you’re thinking “if I wait a while longer in this market, home prices will go down and

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