by quiresoft | Feb 10, 2025 | Mortgage Early
Many homeowners face a tough choice: should they pay off their mortgage early or invest their money elsewhere? Each option comes with its own set of benefits and drawbacks. Paying off your mortgage early can bring peace of mind and financial freedom. On the other...
by quiresoft | Feb 7, 2025 | Low-Income Mortgages
Understanding Low-Income Mortgages Low-income mortgages are financial tools designed to help individuals and families with limited income purchase a home. Their primary purpose is to make homeownership accessible to those who might struggle to qualify for traditional...
by quiresoft | Feb 4, 2025 | Mortgage Rates
The Canadian housing market is a significant part of the economy, and any major global or domestic disruption—such as a trade war—can have profound effects on homebuyers, lenders, and real estate investors. Trade wars create economic uncertainty, affecting interest...
by quiresoft | Jan 30, 2025 | Policy Rate
The Bank of Canada has announced a 25-basis point reduction in its overnight rate target, bringing it to 3%. The Bank Rate is now set at 3.25%, while the deposit rate stands at 2.95%. Additionally, the Bank has confirmed the completion of its balance sheet...
by quiresoft | Jan 28, 2025 | Lending Rate
Introduction Overview of the Current Economic Situation in Canada Canada’s economy has faced challenges in recent months. Inflation rates have fluctuated, affecting consumer confidence. Job growth is steady, but wage increases lag behind inflation. The housing...
