by Zohreh Fayaz | Sep 13, 2016 | Blog, Homeownership
In an article I recently published called “Is Now a Good Time to Buy?” we identified that interest rates are at all time Canadian lows and as it’s never been cheaper to borrow money, now is a good time to buy property. In no way was it being said...
by Zohreh Fayaz | Sep 7, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global growth in the first half of 2016 was slower than the Bank had...
by Zohreh Fayaz | Aug 30, 2016 | Blog, Economy, Homeownership
If you’re getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you’re not alone. It seems every time you browse the news another US economist is predicting terrible things for Canada. Articles like this...
by Zohreh Fayaz | Jul 26, 2016 | Announcements, Blog, Homeownership
Although no firm changes have been announced regarding mortgage regulations, it looks like this might be the beginning of something. The following is correspondence shared by Mortgage Professionals Canada by email to the mortgage industry, it has been shared here for...
by Zohreh Fayaz | Jul 19, 2016 | Blog
VERICO’s Economic Consultant Michael Campbell has just released the Economic Update for Q3 2016, a VERICO Exclusive. “Brexit is important but it’s part of a much bigger story…The key to know is that the Brexit vote and the demise of the European union is driven by...
by Zohreh Fayaz | Jul 13, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.Inflation in Canada is on track to return to 2 per cent in 2017 as the...
