RE/MAX Canada Ernest Eady – REALTOR®   INTEREST RATE ANNOUNCEMENT: BOC RAISES RATE BY 0.75% TODAY September 7th, 2022   BANK OF CANADA INTEREST RATE ANNOUNCEMENT: UP 75 BASIS POINTS ON SEPTEMBER 7 IN FIFTH CONSECUTIVE INCREASE      The Bank of Canada has announced a 75-basis-point increase to its trendsetting interest rate, bringing its target for the overnight rate up to 3.25%. The year started with the bank rate at... [read more]

RE/MAX Canada Ernest Eady – REALTOR®   THE FIRST-TIME HOME BUYER INCENTIVE – 2022 EDITION August 4th, 2022      Over the last two years, a new trend has formed in many parts of the Canadian real estate market: investors accounting for a considerable portion of the broader housing sector.    Indeed, with many investors purchasing single-family homes, acquiring townhomes and scooping up condominium suites, a chance at home... [read more]

RE/MAX Canada Ernest Eady – REALTOR®   INTEREST RATE ANNOUNCEMENT: SUPERSIZED 1% RATE INCREASE BY BANK OF CANADA July 13th, 2022   BANK OF CANADA INTEREST RATE ANNOUNCEMENT: SUPERSIZED RATE HIKE OF 100 BASIS POINTS ON JULY 13 The Bank of Canada was widely expected to make an increase in this morning’s interest rate announcement, but the central bank surprised everyone with a supersized hike of 100 basis points, bringing its... [read more]

RE/MAX Canada Ernest Eady – REALTOR®   THINGS TO CONSIDER IN THE FACE OF RISING INTEREST RATES      The Bank of Canada (BoC) has said it will be using its monetary policy to tamp down inflation, which currently sits at a 30-year high, joining the chorus of central banks worldwide trying to grapple with the rapidly escalating cost of living. So far this year, the BoC has already moved forward with rising interest rates three times, and... [read more]

RE/MAX Canada Ernest Eady – REALTOR®   GOING SOLO? TIPS FOR SINGLE HOME BUYERS   Buying a home is one of the most exciting times of your life, however, it can be extremely daunting for individuals looking to make the biggest purchase of your life. Buying a home as a single person can be intimidating, but we have some smart tips for single home buyers that will make the process much smoother. With home prices across Canada rising at a fever... [read more]