Found 4 blog entries tagged as Interest Rates.


COLUMBIA VALLEY REAL ESTATE TRENDS

The Columbia Valley real estate market is constantly evolving, influenced by various economic and demographic factors.
The local market is more resilient, experiencing milder price declines or even slight increases in some areas.


LOWER INTEREST RATES

The Bank of Canada has recently lowered interest rates, making mortgages more affordable and encouraging more buyers to enter the market. The rate cut will reduce borrowing costs for individuals and businesses, making it cheaper to take out mortgages, loans, and credit lines.


WHAT THE BUYERS WANT

Eco-friendly features like energy efficiency, water conservation, and renewable energy options will become increasingly important for buyers,…

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As a real estate agent, I understand that navigating the world of mortgages can be overwhelming for homebuyers. With various options available, it's essential to familiarize yourself with the different types of mortgages in Canada. By understanding their features and benefits, you can make an informed decision that aligns with your financial goals and circumstances.

First, let's delve into the most common mortgage type: the fixed-rate mortgage. With a fixed-rate mortgage, your interest rate remains constant throughout the term of the mortgage, providing stability and predictability in your monthly payments. This option is ideal for individuals who prefer a consistent payment amount and want to plan their budget with certainty.

For instance, if…

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Paul Lamba Top Producer Edmonton

The Bank of Canada once again decided to maintain its target for the overnight lending rate at 4.5% while continuing its policy of quantitative tightening.

The Bank indicated that global economic growth has been stronger than expected but will weaken due to tightening monetary policy in many countries. The Bank made special note of an expected slowdown in US sectors that will have an impact on Canadian exports.

According to the Bank, first quarter economic growth in Canada exceeded expectations, adding that labour shortages are starting to ease due to strong population growth. The Bank noted that housing activity remains subdued and consumer spending is expected to moderate as more households renew their mortgage at higher rates. The Bank…

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Happiness is banking with ATB.

ATB Economics | March 10, 2021

Policy Interest Rate Stays Put: Bank of Canada

   

The Bank of Canada announced* this morning it is keeping its trendsetting policy interest at 0.25 per cent.

The Bank also announced its quantitative easing program will continue at its current pace of at least $4 billion per week.

Despite signs of economic recovery, the Bank’s “Governing Council judges that the recovery continues to require extraordinary monetary policy support.”

Today’s announcement maintains the stance taken by the Bank in…

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