Bank of Canada Rate Update: October 26th, 2022

Today, the Bank of Canada increased their overnight rate by .50% from 3.25% to 3.75% This will mean that lenders will increase their prime rates by .50% as well to 5.95%.  What does this mean for those in variable rate mortgages and those looking to purchase a new home? This rate increase is slightly smaller … Continued

Foreign Buyer Ban

A quick reminder for those that missed it; effective January 2023, foreign nationals will no longer be able to buy real estate in Canada for 2 years. 

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