Renting versus buying in today’s market: how monthly payments compare-mortgage rates and mortgage broker News in Canada

Find a Broker

A new study has found that the cost of renting versus buying comparable housing in select Canadian markets is almost level. In fact, the difference between renting and buying was less than $ 500 a month in 11 different markets, according to the report from Zoocasa. “Although no market is more affordable to buy than … Read more

The Bank of Canada debated whether or not to raise rates in July, amid uncertainty about the impact of monetary policy

The Bank of Canada debated whether or not to raise rates in July, amid uncertainty about the impact of monetary policy

Open this photo in the gallery: A woman walks past the Bank of Canada headquarters in Ottawa on Wednesday, June 1, 2022.Adriansibrold / The Canadian Press Faced with uncertainty about the strength of monetary policy, the Bank of Canada’s governing council debated whether or not to raise interest rates in its July rate announcement – … Read more

Fed ready to raise rates as markets predict endgame inflation

Reuters Graphics Reuters Graphics

Fed to announce tariff decision at 2 p.m. EDT (1800 GMT) Markets expect the policy rate to rise in the range of 5.25% -5.50% Washington, July 26 (Reuters) – the Federal Reserve is expected to raise interest rates by a quarter of a percentage point on Wednesday, marking the 11th hike in the past 12 … Read more