The complexity of building codes and obtaining building permits Housing affordability is a significant issue in Canada, with high housing costs making it difficult for many Canadians to afford a home. The issue has been amplified in recent years as [...]
What cosigning a loan means Cosigning a loan refers to the act of someone (the cosigner) agreeing to take equal responsibility for repaying a loan alongside the primary borrower. The cosigner acts as a co-guarantor, promising to repay the loan if [...]
Finding the Perfect Balance for Urban Development Urban development has become one of the most pressing issues facing modern societies, as cities continue to grow at a rapid pace. While cities offer numerous benefits such as employment, education and cultural [...]
As a homebuyer, mortgage holder, or refinancer, you may have found yourself wondering why some transactions require an appraisal of the property while others do not. The answer to this question lies in a variety of factors, including lender specific [...]
How it Started The banking system in Canada has a long and rich history that dates back to the early days of European settlement. The first banks in Canada were established in the late 1700s, and were primarily focused on [...]
As Canadians brace for another potential interest rate hike by the Bank of Canada, new data released by Statistics Canada has revealed some promising news on the inflation front. According to the figures published on Tuesday, the country's annual inflation rate [...]
Interest rate announcements in 2023 The Bank of Canada has recently announced its schedule for interest rate announcements in 2023. The central bank will be making its interest rate announcements on the following dates: January 19, March 9, April 13, [...]
Purchasing a home as an FTHB (First Time Home Buyer) can be an exciting, yet overwhelming experience. One of the most important factors to consider when buying a home is securing a favorable mortgage rate. A lower mortgage rate can [...]
OSFI launches public consultation on guideline B-20 The Office of the Superintendent of Financial Institutions (OSFI), Canada's banking regulator, has proposed significant changes to housing finance, with the potential for three new limits on how lenders grant mortgages. The proposal [...]
The Bank of Canada’s decision Wednesday to keep interest rates near zero at least until early March will continue to add fuel to the country’s overheated housing market. The central bank said it “expects interest [...]
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