by Glenn Maclaren | Oct 4, 2024 | Blog, Economy
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024. This change provides added flexibility so your mortgage...
by Glenn Maclaren | Sep 6, 2024 | Announcements, Blog, Economy, Mortgage
We’re finally getting some great news on the inflation – and, consequently, the interest rate – front! Canada’s inflation rate continued its downward trajectory in July, with the headline Consumer Price Index (CPI) slowing to 2.5%, according to Statistics Canada. This...
by Glenn Maclaren | May 3, 2024 | Blog, Economy
Real estate has proven to be a sound long-term investment. If you’re thinking about buying an investment property, consulting with your trusted mortgage agent is a terrific place to start. Your agent can play a crucial role by providing valuable expertise throughout...
by Glenn Maclaren | Jan 5, 2024 | Blog, Economy
For many Canadians, 2023 was a tough year thanks to high inflation and interest rates, and we’re ready to put it far behind us with the hope of a brighter year ahead. The good news is that economists are suggesting borrowing costs may have already peaked. After three...
by Glenn Maclaren | Oct 20, 2023 | Blog, Economy
Results from a new Bank of Canada (BoC) survey show that Canadian consumers believe inflation is higher than it actually is, and they expect it to remain high despite data showing that it’s actually on the way down. The BoC released the results of its survey of...
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...
