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March 27, 2024

Posts tagged "Kelowna Mortgage Broker"
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WHAT YOU NEED TO KNOW ABOUT INTEREST RATES FOR MORTGAGES IN THE CURRENT MARKET

During the great recession in 2008, the economy and financial system as a whole required stimulus and bailouts to keep running. This stimulus eventually got our economy back on track; however, through the years that followed we saw very stagnant GDP growth and low-interest rates. During the covid era, we witnessed a similar economic bailout but a far more significant stimulus, with over 40% of Canadian dollars created in the past 2 years. This process is referred to as quantitative easing and was meant to offset the shutdown of the economy and compounding supply chain issues. There is ongoing pressure for interest rates to remain low. When debt is layered on top of already massive amounts of debt, rapidly increasing interest rates will shock the economy. Here is what you need to know about interest rates for mortgages in the current market. MARKET CONSENSUS IN CANADA There are reasons for optimism. While higher interest rates create market headwinds, there are positive demographics for mortgage lending and housing. Household income has increased significantly along with home equity throughout the past 5 years. Employment has also remained strong, and with the lack of housing stock, many Canadians still need homes. Eventually, we will become […] read more
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WHAT YOU NEED TO KNOW ABOUT INTEREST RATES FOR MORTGAGES IN THE CURRENT MARKET

During the great recession in 2008, the economy and financial system as a whole required stimulus and bailouts to keep running. This stimulus eventually got our economy back on track; however, through the years that followed we saw very stagnant GDP growth and low-interest rates. During the covid era, we witnessed a similar economic bailout but a far more significant stimulus, with over 40% of Canadian dollars created in the past 2 years. This process is referred to as quantitative easing and was meant to offset the shutdown of the economy and compounding supply chain issues. There is ongoing pressure for interest rates to remain low. When debt is layered on top of already massive amounts of debt, rapidly increasing interest rates will shock the economy. Here is what you need to know about interest rates for mortgages in the current market. MARKET CONSENSUS IN CANADA There are reasons for optimism. While higher interest rates create market headwinds, there are positive demographics for mortgage lending and housing. Household income has increased significantly along with home equity throughout the past 5 years. Employment has also remained strong, and with the lack of housing stock, many Canadians still need homes. Eventually, we will become […] read more
0 Views : 22

WHAT YOU NEED TO KNOW ABOUT INTEREST RATES FOR MORTGAGES IN THE CURRENT MARKET

  During the great recession in 2008, the economy and financial system as a whole required stimulus and bailouts to keep running. This stimulus eventually got our economy back on track; however, through the years that followed, we saw very stagnant GDP growth and low-interest rates. During the covid era, we witnessed a similar economic bailout but a far more significant stimulus, with over 40% of Canadian dollars created in the past 2 years. This process is referred to as quantitative easing and was meant to offset the shutdown of the economy and compound supply chain issues.  There is ongoing pressure for interest rates to remain low. When debt is layered on top of already massive amounts of debt, rapidly increasing interest rates will shock the economy. Here is what you need to know about interest rates for mortgages in the current market.  MARKET CONSENSUS IN CANADA  There are reasons for optimism. While higher interest rates create market headwinds, there are positive demographics for mortgage lending and housing. Household income has increased significantly along with home equity throughout the past 5 years. Employment has also remained strong, and with the lack of housing stock, many Canadians still need homes.  Eventually, […] read more
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