The one-two-punch of supply chain issues and the war in Ukraine has pushed inflation in Canada to its highest level in 30 years and spurred the Bank of Canada to move toward a tighter monetary policy. On June 1, the Bank announced a second consecutive .50% increase to its policy rate (the third increase in […]
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Watching Like A Hawk
It should come as no surprise that many Canadians are watching the current mortgage and housing conditions like a hawk. Our alignment with Mortgage Professionals Canada allows us to bring you current housing and mortgage market trends designed to give you key insights to help you better plan and succeed with all things real estate.
More Bank of Canada Rate Increases Coming?
Twelve dollars for grapes? O.K. maybe not yet, but many people are feeling frustration, anxiety, and lots of other emotions about inflation. So what better time than now to provide a housing and market update. This is where we offer a review of the latest housing and economic data and rate trends. We’ll break down […]
The Mortgage Stress Test is Changing
Today, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the “stress test.”
Federal Election Results & Your Mortgage
The 2019 Federal Election is over. Will there be any changes to the guidelines and policies that make housing more affordable for hard-working Canadians?