Mortgage Blog
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Category: Economy (18 posts)
Will Cutting GST on New Homes Make Housing More Affordable?
April 9, 2025 | Posted by: Angela Robinson
With the federal election just over a month away, housing affordability is a hot topic for Canadians. Both Mark Carney (Liberals) and Pierre Poilievre (Conservatives) are vowing to axe GST on new home ...
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What does the Bank of Canada's rate cut mean for the housing market?
April 2, 2025 | Posted by: Angela Robinson
The Bank of Canada has cut interest rates for the seventh time in a row, making homeownership more affordable than it has been in years! ???? Lower borrowing costs mean reduced mortgage payments, and ...
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Canada's Inflation Reaches 2% Target for the First Time Since 2021
October 9, 2024 | Posted by: Angela Robinson
Good news for Canadians! Inflation has slowed to its lowest level since February 2021, with August seeing inflation at 2%, right in line with the Bank of Canada’s target. This change could soon ...
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Interest Rate Cuts Are Here. Should You Rush to Refinance Your Mortgage?
September 25, 2024 | Posted by: Angela Robinson
If you’re one of the homeowners who locked in a mortgage before 2020 or refinanced during the record-low rates of 2020-2021, you’re probably enjoying a great interest rate. But for those w ...
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Government Extends Ban on Foreign Buying of Canadian Housing
February 12, 2024 | Posted by: Angela Robinson
In a recent announcement, Finance Minister Chrystia Freeland revealed the extension of the federal government's ban on foreign home purchasing in Canada until the beginning of 2027. The initial rule, ...
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Canadians' Mortgage Regrets and Financial Realities
August 30, 2023 | Posted by: Angela Robinson
Owning a home is a long-term investment that many Canadians view positively, despite encountering unexpected expenses along the way. However, recent shifts in interest rates and inflation have led som ...
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Why Bank of Canada is in no rush to cut interest rates
May 24, 2023 | Posted by: Angela Robinson
Bank of Canada Governor Tiff Macklem emphasizes that interest rates won't quickly return to previous low levels. Higher rates increase consumer debt and pose risks to the financial system, but the t ...
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Most New Homebuyers 'Very Worried' Next Term Will Bring Much Higher Monthly Payments
May 17, 2023 | Posted by: Angela Robinson
The Bank of Canada has held its key rate steady in April, however; the decision to raise interest rates eight times since the beginning of 2022, along with the subsequent increase in mortgage rates, h ...
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Long-term mortgage rates are falling. Is it time to lock in?
May 10, 2023 | Posted by: Angela Robinson
The recent collapse of Silicon Valley Bank and Signature Bank has led to a ripple effect that has impacted financial markets in the US and Canada. However, amidst the turmoil, Canadian banks and lende ...
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Bank of Canada holds key interest rate, but what comes next?
March 8, 2023 | Posted by: Angela Robinson
The Bank of Canada decided to hold its key interest rate steady Wednesday but made clear it’s still prepared to raise rates further depending on how inflation and the economy progress. The ...
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Stable rate encouraging for Edmonton homebuyers seeking mortgages
February 22, 2023 | Posted by: Angela Robinson
The Bank of Canada’s most recent interest rate hike could be its last for some time, giving homebuyers more clarity with the busy spring market a few weeks away. “The Bank of Canada s ...
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2023 will be a better year for homebuyers, mortgage holders, investors and people sick of greedflation
January 11, 2023 | Posted by: Angela Robinson
The end of interest rate increases Persistent inflation means we could see a modest rate increase early in the year, but 2023 will be a year where the central bank mostly keeps rates the same. I ...
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Mortgage Costs are Less Than the Rate of Inflation for the First Time in 40 Years
October 11, 2021 | Posted by: Marc Crossman
Nobody likes to pay more for their day-to-day living expenses, so last week’s news of July’s eyebrow-raising 3.7 per cent inflation rate caused quite a stir. According to Statistics Canada ...
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What's Next for President Elect Donald Trump?
October 7, 2019 | Posted by: Marc Crossman
A populist uprising that has very disturbing elements of racism, xenophobia, misogyny and isolationism has taken Donald Trump to the White House–a man with no experience in government or pu ...
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Canadian Jobs Blew Through Estimates, But Devil Is In the Details
September 23, 2019 | Posted by: Marc Crossman
Canadian employment rose 44,000 (+0.2%) in October--much stronger than expected. But all of the gain was because of more part-time work, as full-time employment fell. T ...
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CANADA JOBS REPORT DWARFS FORECASTS
February 25, 2019 | Posted by: Marc Crossman
Following three months of little job growth, economists expected to see a modest 5,000 increase in employment in March. The jobless rate was forecast to hold steady at 7.3%, matching the highest level ...
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Q4 GROWTH AT 0.8% BOOSTS 2015 TO ONLY 1.2%
November 19, 2018 | Posted by: Marc Crossman
Today’s stronger than expected fourth quarter GDP figure of 0.8% annualized growth did little to assuage concerns that the Canadian economy is growing well below potential. Many expected gr ...
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BANK OF CANADA DOES NOT CUT RATES
July 30, 2018 | Posted by: Marc Crossman
In an evenly divided call by market analysts, the Bank of Canada maintained its target for the overnight rate at 1/2 percent. The Bank said that inflation prospects are largely as expected and th ...
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