by Snap Rates | Feb 15, 2022 | Mortgage, Real Estate
When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends. When it comes to variable versus fixed-rate, it is important...
by Snap Rates | Jan 27, 2022 | Mortgage
One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases...
by Snap Rates | Jan 26, 2022 | Mortgage
The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ %, with the Bank Rate at ½ % and the deposit rate at ¼ %. With overall economic slack now absorbed, the Bank has removed its exceptional forward guidance...
by Snap Rates | Jan 16, 2022 | Mortgage, Real Estate
Speculative investing in residential real estate has become an important concern, prompting Canadians to overbid on properties The federal government is planning to review the rules surrounding down payments on investment properties in a bid to curb speculation in red...
by Snap Rates | Dec 30, 2021 | Mortgage, Real Estate
How To find your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. But, before you start widening your search. Let’s take a look at what makes these...
by Snap Rates | Dec 17, 2021 | Mortgage, Real Estate
Canada’s oldest bank is accelerating its forecast schedule for the central bank. BMO sees the first interest rate hike in April, after yesterday’s announcement from the Bank of Canada (BoC). That would be 3-months sooner than previously forecast, and the...
