by Rakhi Madan | Jun 3, 2022 | Credit, Purchases, Refinance, Renewal |
Yes, we are in uncertain times. The recent .5% increase to the Bank of Canada overnight rate was expected but each increase can be unsettling, even though we haven’t yet reached pre-pandemic levels. While many in Brampton, Toronto and the GTA are viewing our current...
by Rakhi Madan | May 3, 2022 | First Time Home Buyer, Purchases, Qualifying, Refinance |
For homebuyers and owners in Brampton, Toronto and the GTA, the last two Bank of Canada rate announcements have been quite the wake-up call after two years of historically low pandemic rates. We knew it was coming and we prepare the best we can, but it always does...
by Rakhi Madan | Apr 12, 2022 | News |
The Federal government’s Budget 2022 was expected to have several measures to help Canadians with housing affordability and they certainly did deliver several initiatives. It wasn’t exactly what the mortgage industry wanted, like 30-year amortizations for first-time...
by Rakhi Madan | Mar 9, 2022 | News |
On March 2nd, the very anticipated increase to the Bank of Canada benchmark rate materialized, going up a quarter point to 0.5%. It was our first rate hike since 2018 and was inevitable given our surging inflation of over 5%, which is a 30 year high. Soon after, all...
by Rakhi Madan | Feb 16, 2022 | Purchases, Refinance, Renewal |
These are interesting times for all of us in Brampton, Toronto and the GTA as we head into the always busy spring market, a time when many look to buy, renew their mortgage, or put equity to work. We’re in an environment of rising inflation, ongoing supply chain...
