by Tribe Financial | Mar 18, 2022 | Blog, Economy, Finance
The average mortgage comes up for renewal every five years. And, as you know, a lot can happen over a five-year period. That’s why it’s important to look at your needs and goals every time your mortgage is set to renew to ensure you negotiate the mortgage product and...
by Tribe Financial | Mar 4, 2022 | Blog, Homeownership, Mortgage
When shopping for a mortgage, many people tend to focus exclusively on obtaining the lowest rate. This is due, in large part, to advertising messages indicating that this is the best action to take. Unquestionably, rate is an extremely important component of any...
by Tribe Financial | Feb 18, 2022 | Blog, Economy, Homeownership, Mortgage
Since rates are expected to begin rising and continue on the incline throughout 2022, if you’re planning to buy property anytime soon, it makes sense to secure a rate hold so you don’t have to worry about missing out on the best rate while you’re home shopping. A rate...
by Tribe Financial | Feb 4, 2022 | Announcements, Blog, Economy, Homeownership, Mortgage
In its first policy interest rate announcement of the year – on January 26th – the Bank of Canada (BoC) maintained its current record-low rate of 0.25%. The decision was in line with 2021 forecasts that a rate hike would occur in the second or third quarter of 2022....
by Tribe Financial | Jan 21, 2022 | Announcements, Blog, Economy, Homeownership
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
