Current Interest Rates
CURRENT INTEREST RATES
Updated on May 16 2022
Fixed rates jumped again last week - this is the 10th increase in the last 8 weeks. We expect to see the rates continue to rise in the upcoming weeks.
TERM RATE
1 Year 3....
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Posted by Ray Riley on May 16, 2022 in Buying a Home
When to Increase your Budget when Shopping for a Home
When you set a budget for a new home, you’re obviously hoping — maybe even expecting — to find the ideal property within that price range.
But, it doesn’t always work out that way.
In fact, there are many circumstances in ...
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Posted by Ray Riley on February 24, 2022 in Buying a Home
The Role of Carrying Costs when Buying a New Home
When searching for a new home, many buyers will focus only on the list price and what they may need to offer to get the property. For example, a buyer might think, “We can get this house for $XX. That’s within our price range!”
Of ...
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Posted by Ray Riley on February 5, 2022 in Buying a Home
Getting the “Inside Scoop” on a Listing
Getting the “Inside Scoop” on a Listing
Throughout the history of journalism, reporters would pride themselves on getting the “inside scoop” on a story. In fact, that’s where that expression came from.
So imagine ...
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Posted by Ray Riley on December 10, 2021 in Buying a Home
What to Look for when Watching a Walk-Through Video
Walk-through videos are becoming increasingly popular. The seller’s agent simply films a tour of a home, often including commentary, and then makes the video available to prospects.
When you’re shopping for a new home, you want to get ...
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Posted by Ray Riley on September 13, 2021 in Buying a Home
Is Getting into your “Dream” Neighbourhood Doable?
Is there a neighbourhood you drive through occasionally and think, “Wow. I’d love to live here. What a fantastic area”?
Why don’t you take that thought any further? Maybe you think getting into that neighbourhood just ...
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Posted by Ray Riley on May 19, 2021 in Buying a Home
Buying the Home Everybody Wants
When you’re shopping for a home, you may become interested in a property for sale that someone else is also considering. In fact, there may be several other buyers entertaining the idea of making an offer.
In such a competitive situation, what ...
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Posted by Ray Riley on February 16, 2021 in Buying a Home
How to Find a Home that Has your “Big Three”
How to Find a Home that Has your “Big Three”
How do you find the home of your dreams within a price range you can afford?
Most buyers start by making a “wish list”. But, it’s easy to get frustrated when you have a long ...
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Posted by Ray Riley on November 21, 2020 in Buying a Home
Buying a Home that Needs Some Work
When you’re shopping for a new home, you probably want the property to be as “move in ready” as possible. That way, you can... well... just move in!
However, there are a lot of fantastic properties on the market that need some work....
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Posted by Ray Riley on November 18, 2020 in Buying a Home
How to Get Front-of-the-Line Access to Desirable Homes for Sale
How to Get Front-of-the-Line Access to Desirable Homes for Sale
As you've probably noticed, credit card companies regularly offer bonuses to get you to apply for their cards. For example, one such card company offers opportunities to buy ...
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Posted by Ray Riley on August 31, 2020 in Buying a Home
Will Increasing Mortgage Rates Impact Home Prices?
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when ...
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Posted by Ray Riley on August 31, 2020 in Buying a Home
Common Things to Look Out for Before Buying Your Dream Home
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, ...
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Posted by Ray Riley on August 31, 2020 in Buying a Home
Is Getting a Home Mortgage Still Too Difficult?
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago....
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Posted by Ray Riley on August 31, 2020 in Buying a Home
First Time Home Buyers
First-Time Home Buyers
If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common mistakes when buying your first home.
Pre-Qualification: Meet with a mortgage broker and find out how much ...
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Posted by Ray Riley on August 31, 2020 in Buying a Home