Category Archives: financing

What does affordability mean and what’s affordable in Ottawa?

I was asked by a Twitter pal to discuss what’s affordable for someone making an income of $60-70K a year. Okay, so affordability in this context is going to mean what a buyer can qualify to buy, i.e. what the … Continue reading

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What will the latest Bank of Canada Interest rate hike mean for buyers?

I’m struggling with the rationale behind the Bank of Canada’s most recent interest rate hike. From what I remember (I took Economics in my undergraduate days), higher interest rates drive down consumer demand for goods and services and that lowers … Continue reading

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More CMHC rule changes July 1st — bad news for buyers

So, CMHC is once again making it harder for buyers to borrow money. My guess is that this is due to fear of buyers not being able to manage debt because of the pandemic, but it strikes me as a … Continue reading

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