Early Housing Hibernation
Winter is approaching and with it the chill of weather and a typical slowing of market sales and movement. This year, however, looks a little different. Typically, sales slow in October and November and pick up again in springtime. In Vancouver and Toronto, most notably,
Inflation Drops Again
Statistics Canada reported on Tuesday, October 17, 2023, that the rate of increase of inflation has lowered from 4.1% to 3.8%. According to their report, “deceleration in the cost of living was “broad-based” and stemmed from lower prices for a variety of goods and
New federal GST policy on rental construction
On Thursday Sept 14, 2023, Justin Trudeau and the Federal Government announced a new tax policy repealing the Federal GST tax on new construction builds in a bid to encourage the construction of new rental buildings. Some welcome this move, claiming it will be
Home Prices Well on Their Way to Bouncing Back
2022 was a tough year for many Canadians faced with either purchasing a home while interest rates were rising or with renewing their current mortgage while rates nosed an upward trajectory. Prices of homes across the country during this time saw a significant dip
Inflation Drops
Canada's inflation rate dropped to 2.8 per cent in June, the lowest level in over two years. This is good news for those who are worried about further interest rate hikes. Statistics Canada showed a brisk decline in gasoline prices compared with June 2022 which is
Quick Interest Rate Recap
The hot topic of the day is mortgage interest rates. While nothing things seems to be steady in this area, here is a brief recap of the latest happenings with regards to rates. Fixed mortgage rates: Fixed mortgage rates have been up and down since
Housing Prices Increasing Again
After the slowing of real estate sales due to the unprecedented and unexpected rate increases seen last year, the market is starting to adjust and recover. April housing data showed an average price of homes at $716,000 – an increase of over $100,000 from January.
Bank of Canada Rate Holding Steady
For the 2nd time in a row, the Bank of Canada has held rates steady at 4.5%. The Bank has also indicated that it will be continuing its policy of quantitative easing. According to their Monetary Policy Report, the Bank expects the rate of inflation
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If you currently have a mortgage or are looking for a new one we can help you with the following:
- Change your payment date or frequency
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