Renewing a mortgage after 5 years?

Much has been made of recent rate hikes all over the media lately with emphasis on people who are up for mortgage renewal now after 5 years at much lower rates. Let's take a look at the real numbers. 5 years ago the average selling price in Oakville was $1,093,000 in September of 2017 and the mortga

Bank of Canada rate hike

Today the Bank of Canada (BoC) made its decision to only raise the overnight rate by 0.50%, while the majority of economists were expecting 0.75%. 🏠   The major news here is the Bank's lowered outlook on Canadian inflation over the next two years. The BoC now projects the Consumer Price Index to co

Timing the Oakville real estate market?

Sitting on the sidelines waiting for "the crash"? It already happened. Back in 2017 most people thought that real estate was grossly overpriced and detached from reality. The reality is we will never see prices that low again and that was just 5 years ago. Like the sad but true joke in real estate: