What happened? What's happening now? What will most likely happen?

With so many ways to get information about the real estate market these days, it's a very common feeling for people to be drowning in information but starving for clarity.  Each source of information has their own agenda. News companies sell news and want as many eyeballs and shares as possible and

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