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How are Canadians Feeling About Homeownership in Today’s Market?

How are Canadians Feeling About Homeownership in Today’s Market?

by Glenn Maclaren | Mar 17, 2023 | Blog, Homeownership, Mortgage

It’s no surprise that many Canadians are feeling the pinch of higher inflation, higher interest rates and higher home prices. But an overwhelming majority continue to believe real estate is a good long-term investment. The latest information from Mortgage...
When are Alternative Mortgage Lenders Helpful?

When are Alternative Mortgage Lenders Helpful?

by Glenn Maclaren | Mar 3, 2023 | Blog, Homeownership, Mortgage

Are you worried about being turned down for a mortgage or not being able to renew with your existing lender? If so, you’re not alone. Mortgage qualification is more difficult right now due to higher interest rates and lower property values. Fortunately, mortgage...
Bank of Canada Publishes First Summary of Deliberations

Bank of Canada Publishes First Summary of Deliberations

by Glenn Maclaren | Feb 17, 2023 | Announcements, Blog, Economy

In its very first summary of deliberations released this month, the Bank of Canada (BoC) pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above 2% as the rationale for raising its key rate by a quarter of a percentage point...
Multi-Generational Home Renovation Tax Credit Available

Multi-Generational Home Renovation Tax Credit Available

by Glenn Maclaren | Feb 3, 2023 | Blog, Finance, Homeownership

The federal government is providing a new tax credit to help make it easier for Canadians to care for adult relatives in their own homes. The multi-generational home renovation tax credit took effect January 1st for expenses related to building a secondary suite for a...
Three New Regulatory Proposals Could Restrict Mortgage Borrowing Power

Three New Regulatory Proposals Could Restrict Mortgage Borrowing Power

by Glenn Maclaren | Jan 20, 2023 | Blog, Homeownership, Mortgage

Canada’s banking regulator – The Office of the Superintendent of Financial Institutions (OSFI) – announced three new regulatory proposals in January that could further limit mortgage lending pending a consultation period. OSFI’s three proposals are focused on debt...
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Recent Posts

  • How are Canadians Feeling About Homeownership in Today’s Market?
  • When are Alternative Mortgage Lenders Helpful?
  • Bank of Canada Publishes First Summary of Deliberations
  • Multi-Generational Home Renovation Tax Credit Available
  • Three New Regulatory Proposals Could Restrict Mortgage Borrowing Power

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