Fraud Awareness Month in the Mortgage Industry
Posted on Mar 07, 2023 in Mortgage News
Fraud Awareness Month
Did you know? March is fraud awareness month in the mortgage industry, which makes this is a great time to talk about title insurance!
As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you:
For those who don’t know, title fraud can impact both homebuyers and homeowners. S...
As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you:
For those who don’t know, title fraud can impact both homebuyers and homeowners. S...
Greater Vancouver Real Estate Inflation Update - January 2023
Posted on Feb 21, 2023 in Mortgage News
Canadian Inflation (January 2023)
Canadian prices, as measured by the Consumer Price Index (CPI), rose 5.9 percent on a year-over-year basis in January, a decrease from the 6.3 percent rate in December. Slower appreciation in prices of cellular services and passenger vehicles contributed to slowing the overall pace of price appreciation. Rising inte...
The Bank of Canada Hiked Rates The Full 50 bps
Posted on Dec 07, 2022 in Mortgage News
The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 4.25% and signalled that the Council would "consider whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target." This is more dovish language than in earlier...The Bank of Canada Slowed the Pace of Monetary Tightening
Posted on Oct 28, 2022 in Mortgage News
The Governing Council of the Bank of Canada raised its target for the overnight policy rate by 50 basis points today to 3.75% and signalled that the policy rate would rise further. The Bank is also continuing its policy of quantitative tightening (QT), reducing its holdings of Government of Canada bonds, which puts additional upward pressure on lon...Bank of Canada Interest Rate Announcement -October 26, 2022
Posted on Oct 26, 2022 in Mortgage News
The Bank of Canada raised its overnight policy rate by 50 basis points, bringing it to 3.75 per cent, its highest level since 2008. In the statement accompanying the decision, the Bank noted that the Canadian economy continues to operate in excess demand and tight labour markets and as a result inflation remains elevated. Sharply higher interest ra...BC Real Estate Association - Mortgage Rate Forecast
Posted on Sep 23, 2022 in Mortgage News
Mortgage Rate Outlook