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...
by Tribe Financial | Jan 14, 2022 | Blog, Economy, Homeownership
It seems Canadian homebuyers are still struggling to catch a break. We know all too well that COVID-19 has significantly impacted Canada’s housing market. Low supply and high demand have led to exorbitant purchase prices, and new construction builds have been...
by Tribe Financial | Jan 7, 2022 | Blog, Economy, Homeownership, Mortgage
For its final announcement of the year – on December 8th, 2021 – the Bank of Canada (BoC) maintained its target overnight interest rate at 0.25% with the expectation that a rate hike would occur in the second or third quarter of 2022, possibly in time for the spring...
by Tribe Financial | Dec 24, 2021 | Blog, Mortgage
As we stand poised to say goodbye to another year dominated by the global pandemic, we find ourselves once again faced with the challenges of a persistent and pervasive variant. With hopes and plans for a fresh start, the emergence of a new year represents the perfect...
by Tribe Financial | Dec 17, 2021 | Blog, Mortgage
There are times when it makes good financial sense to break your mortgage early. This can include when you choose to take advantage of lower interest rates, pay down debt, renovate or even pay for your kid’s tuition. But, regardless of your reasoning, it’s important...
by Tribe Financial | Dec 10, 2021 | Blog, Mortgage
Saving up for a down payment is the number one obstacle faced by first-time homebuyers, especially as property sales prices continue rising. Did you know that your parents or other immediate family members can often “gift” money to you for use towards your down...
