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