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...
by Glenn Maclaren | Dec 2, 2022 | Blog, Economy
More than half of Canadians surveyed are concerned about their personal financial situation but they haven’t changed their subconscious spending habits, according to a new report – The Quiet Spend – by FP Canada. Most people are spending money subconsciously by...
by Glenn Maclaren | Oct 7, 2022 | Blog, Economy, Homeownership
Whether you’re in the market for a mortgage on your new home or you’re looking to renew or refinance an existing mortgage, it’s important to work with a mortgage agent who has access to multiple lender types – including, banks, credit unions and monolines, as well as...
by Glenn Maclaren | Sep 2, 2022 | Blog, Economy
Everyone seems to be talking about inflation more than ever these days. And while Inflation in Canada has come down a little recently, it remains far too high. After rising rapidly to reach 8.1% in June, inflation as measured by the consumer price index (CPI) was 7.6%...
by Glenn Maclaren | Aug 5, 2022 | Blog, Economy, Finance
As inflation soars to a 40-year high, and with interest rates expected to continue rising, many Canadians are feeling financially stretched. For those with a mortgage up for renewal, the prospect of dealing with higher mortgage payments is very real. That said, there...
by Glenn Maclaren | Jul 15, 2022 | Announcements, Blog, Economy, Mortgage
In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
