Mortgage Rates Archives - The Molly & Claude Team

Bank of Canada to Start Releasing Rate Decision Summaries Next Year

October 3, 2022 by Claude Jobin Leave a Comment

To be more open and more transparent starting next year the Bank of Canada will be releasing rate decision summaries.

Haha, odd thing is I could not get this article on Reuters as they state I had reached the limit of free articles, but, I found the article on an American site.

Micro-condo mortgages

September 2, 2022 by Claude Jobin

CityNewsEverywhere reports on the nuances of financing a micro-condo. Financial institutions typically have a minimum size requirement, but as condo sizes keep dropping, those institutions will need to make adjustments. In the interim be aware that there may be extra hurdles when seeking financing. Details here.

Bank of Canada Hikes Rate to 2.5%

July 14, 2022 by Claude Jobin

Yesterday, the Bank of Canada raised the benchmark interest rate by a full percentage, the highest increase since 1998, bringing the interest rate to 2.5 per cent. CBC.ca, the Ottawa Business Journal, and CTV News share perspectives on what means to consumers.

Ready to Buy a Home? Here’s What You Need to Know Before You Start Saving

July 4, 2022 by Claude Jobin

TheSkimm presents a blog post of things to know when you are getting ready to buy a house.

Points covered include:

Tell me how to save for a house. Where do I start?
You havent’t mentioned costs yet.
Back up. Who pays closing costs?
Got it. Now tips on how to save for a house please.

Go high-yield.
Automate it.
Save your raise.

Should you need additional information let me know, I can put you in touch with my favourite mortgage agent or a financial advisor.

Extending mortgage period could keep payments in check even as rates rise

June 20, 2022 by Claude Jobin

City News Everywhere presents a blog post by Craig Wong of the Canadian Press addressing the option of extending your mortgage period as interest rates rise. A potentially interesting option – but one that comes with a price. Details here.

Higher interest rates and mortgages What do they help and hinder

June 2, 2022 by Claude Jobin

In light of the Bank of Canada’s hike of the mortgage rates – the most recent increase being just yesterday (June 1) CTVNews.ca has put together a good blog post on factors to consider when looking at fixed vs variable mortgage rates. Click here for the blog post and the video.

What You Need to Know About Inflation and Real Estate

April 21, 2022 by Claude Jobin

CREA Café brings up a post on the subject of inflation. First off how inflation has been spoken of in recent times, what inflation is, how we track it, and its effect on housing.

Resolutions for Buying First Home in 2022

December 19, 2021 by Claude Jobin

ApartmentTherapy (admittedly American) has put together a list of things to do to help you prepare to buy your first home in 2022. Contact the Molly & Claude Team for additional guidance on the process. We can help you buy next week, next month, or next year. We can educate you on the process and the selection of properties that suit your lifestyle and your budget.

How Well Do You Know These Real Estate Terms?

September 20, 2021 by Claude Jobin

We all like to think we’re real estate experts! Most of us keep up to date with trends and news about the housing market, but how much do we really know about the home buying process? While it’s always important to use a REALTOR® when buying or selling a property, knowing about the different terms along the way can help you feel more comfortable during the buying or selling process.

Think you know a lot about real estate terms? Take this quiz, created by Meagan Kelly for Realtor.ca, to see if that’s true!

Click here to start.