The federal government unveiled new measures aimed at improving access to housing for first-time home buyers before the 2024 federal budget, as the government acknowledged the challenges young homebuyers face in saving a down payment for their purchase.
February’s inflation numbers suggest a possible shift in the monetary policy stance of the Bank of Canada, with speculation rising that it may opt for its first mortgage interest rate cut as early as June.
The initial promise of the first-time homebuyer incentive seemed like a beacon of hope for many prospective homebuyers grappling with the challenge of saving up for a down payment. Regrettably, the program’s execution left much to be desired, resulting in suboptimal outcomes for the majority
The Bank of Canada’s Governing Council is hesitant to pinpoint when they might begin easing interest rates, as indicated in the summary of discussions from their January 24 meeting.
Suppose you are committed to a five-year mortgage term with two years left until renewal. However, recent changes in your life, such as a new job offer requiring relocation or the need for more space due to a growing family, necessitate an early exit from
As widely anticipated by markets, the Bank of Canada decided to maintain its overnight target rate at 5.00%, a position it has held since July.
After an uneventful November and the tension of a cooling year-end market, the national real estate figures for December have defied expectations. A surprising upswing of 8.7% monthly compared to November, with 38,135 property transactions. On an annual basis, sales activity saw a 3.7% increase.
As the holiday season is upon us, we want to take a moment to express our sincere gratitude for each of our clients. It has been a privilege serving you this year. Your trust and partnership have been the greatest gifts, and we are truly
In October, Canada’s inflation rate dipped to 3.1%, slightly below the expected 3.2%, primarily due to a 6% monthly drop in gasoline prices. The economic landscape reveals sluggish GDP growth, a rising unemployment rate, and a likelihood of the Bank of Canada pausing interest rate
Having multiple credit cards can potentially have both positive and negative effects on your credit score, depending on how you manage them.
A high ratio mortgage is where the borrower’s down payment is less than 20% of the property’s purchase price. In Canada, such mortgages require insurance because they are considered higher risk and necessitate “default insurance” coverage.
As the leaves turn vibrant shades of red and gold, and the crisp autumn air sets in, Canadians from coast to coast gather to celebrate Thanksgiving. It’s a time to express gratitude, share delicious meals, and cherish the warmth of family and friends. This year,
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