February 28 2022
During the month of February, the Bank of Canada continued to keep interest rates unchanged, but many experts warned that rate hikes are a sure thing. The Canadian Real Estate Association also reported that the average selling price of homes have never been higher. Read the latest news over this past month.
While the Bank of Canada has kept rates unchanged, their recent meeting in January hinted that a series of rate hikes are coming between now and the end of 2022 – with many experts confirming that these hikes are a near certainty.
The average selling price in Canada has never been higher, according to the Canadian Real Estate Association. In January, average house prices have increased by 21 per cent in the past year to $748,450 — the highest on record.
Our CEO and Co-Founder Jesse Abrams outlines the key steps and programs new immigrants can take to qualify for a mortgage upon moving to Canada.
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