Bank of Canada Board launches process to fill external Deputy Governor position
Maryam’s take: Worth knowing, though it does not change anyone's mortgage payment today. The rate announcements are what move the numbers.
Daily Brief · every morning at 6:30
The morning’s news,read for you before breakfast.
Rates, mortgages, the market and policy, gathered from the Bank of Canada, CMHC, CREA, TRREB, the province and the major papers, every source linked. Then it lands in your inbox or on your phone.
08items for Saturday, October 24Public sources, linked. Refreshes hourly.
Rates
1Source ↗
Mortgages
1Home affordability improved in September. Did buyers notice?
Maryam’s take: Affordability is a monthly number, not a headline. The calculator on this site shows what a given price costs each month with taxes, insurance and utilities counted.
Market
6The inflationary vibe affecting bond yields — and odds of a rate hike
Maryam’s take: A higher Bank rate lands first on variable mortgages and lines of credit. Anyone buying in the next few months should confirm their rate hold in writing before writing an offer.
Most banks offer cashback or other incentives on their mortgages. Not all are worth signing up for
Maryam’s take: Context for the market as a whole. The street you are looking at will have its own story, and the sold prices tell it.
The best mortgage rates in Canada right now
Maryam’s take: Context for the market as a whole. The street you are looking at will have its own story, and the sold prices tell it.
The best reverse mortgage rates in Canada right now
Maryam’s take: Context for the market as a whole. The street you are looking at will have its own story, and the sold prices tell it.
Even the real estate industry is losing faith in housing
Maryam’s take: Context for the market as a whole. The street you are looking at will have its own story, and the sold prices tell it.
Episode 79: How to Hit a Home Run: The Power of Teamwork and Embracing Roadblocks
Maryam’s take: Context for the market as a whole. The street you are looking at will have its own story, and the sold prices tell it.
Sources not reachable this hour: CMHC.
Every item is attributed and linked. Maryam’s take is general commentary on the headline, not financial, legal or investment advice.
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