Jessi Sandhu - Your Brampton Real Estate Agent
Mortgage Interest Costs News and Articles | My Blog

Homeowners brace for mortgage payment shock amid higher-for-longer rate outlook

10/2/2023 | Posted in Home Owners by Jessi Sandhu

contract-real-estate-mortgage-102.jpg - Real Estate News With interest rates increasingly expected to stay higher for longer, many of the homeowners who locked in low rates years ago are likely bracing themselves for financial pain as ... More

Canadian housing costs have hit 30-year high, StatCan data shows

9/19/2023 | Posted in Canada Living by Jessi Sandhu

senior-couple-calculating--taxes--debt-462.jpg - Real Estate News Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows. ... More

Sustained low interest rates no longer possible, says former BoC governor

9/4/2023 | Posted in Interest Rates by Jessi Sandhu

mortgage-rates---interest-rates-48.jpg - Real Estate News This is despite a projected slight drop in the BoC’s policy rate by the end of 2024 or early 2025 ... More

Expect interest rates to remain high until 2025: former BoC governor

8/2/2023 | Posted in Mortgage Interest Rates by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News A prolonged period of heightened interest rates will be critical to Canada’s central bank reaching its inflation target, a former Bank of Canada Governor said. ... More

What impact might OSFI's new proposals have on borrowing costs?

7/26/2023 | Posted in Mortgages and Real Estate by Jessi Sandhu

mortgage-application-form-247.jpg - Real Estate News The plan might help safeguard the stability of the financial system - but could also see mortgage costs rise. ... More

Rising mortgage interest costs now biggest factor driving inflation - and they're not done yet

6/28/2023 | Posted in Canada Living by Jessi Sandhu

couple-managing-debt-449.jpg - Real Estate News Inflation cooled on a month-over-month basis in May, but one factor that has been unrelenting in driving the consumer price index higher is mortgage interest costs — and the ... More

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