February 28 2022
A lot happened during the first month of 2022. The Bank of Canada (BoC) capped off the month with its decision to keep its target overnight rate steady at 0.25%. Recent reports also suggest that Canadian housing prices are projected to rise this year, with rate hikes unlikely to get in the way. See what else happened during the month of January:
On January 26, the BoC announced its policy decision to hold its target overnight rate at 0.25%. However, they did remove exceptional forward guidance, paving a path for rising rates in the near future.
A new report suggests that housing prices across Canada are set to continue rising throughout 2022 – and higher interest rates are not expected to slow this trend.
Our CEO & Co-Founder Jesse Abrams discusses the key steps home buyers need to take if they are planning to buy a new home in 2022.
Our CEO & Co-Founder Jesse Abrams talks about how we are likely to see more home buyers look beyond “rate” when it comes to getting a mortgage, and instead seek advice and guidance on the different options and features available.
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