Feb 11 minOmicron Flat-Lines Canada’s Economy at End of Strong YearGDP little changed in December amid fresh Covid lockdowns But stall wasn’t enough to offset robust fourth quarter Canada’s economy...
Jan 11 minCanada’s economy recovered to prepandemic levels in November, December seen flat as Omicron hitCanada’s economy recovered to prepandemic levels in November, December seen flat as Omicron hit
Dec 1, 20211 minOmicron Could Affect Interest Rates. Bond Yields Slide as Investors Seek Safe HavensAfter a brief respite Monday, fears surrounding the new, heavily mutated Omicron variant of the coronavirus are back with a vengeance....
Oct 31, 20211 minExpect mortgage rates to rise in 2022, economists sayCanadians looking to buy a home can expect mortgage rates to soon be on the rise, experts say. Fixed-rate mortgages are more of a wild...
Sep 30, 20211 minBank of Canada makes a rate announcementThe announcement reaffirmed the Bank's projection that interest rates are likely to begin rising in the second half of 2022. #appraisers...
Aug 31, 20211 minMortgage Stress TestsWith tighter rules to pass the stress test, sales may slow down but some markets are still hot. We have a robust economy and population...
Jul 31, 20211 minCMHC has just made it easier to get mortgage insurance. Here's what that means for you.The CMHC lightened up restrictions which previously made it difficult for potential buyers to be approved for a mortgage. The corporation...
Jun 30, 20211 minWhy Mortgage Debt is now the focus for many CanadiansIn an effort to slow the housing market down, the office of the Superintendant of Financial Institutions introduced new guidelines on the...
May 31, 20211 minEglington Crosstown LRT is Causing a Huge Spike in Nearby Condo Prices...If you have driven down Eglington in the past 10 years, you know that it's been under heavy construction. That construction will prove to...
Apr 30, 20211 minCMHC Housing in Toronto is predicted to rise by $275,000 by 2023...According to the CMHC housing in Toronto is predicted to rise by $275,000 by 2023. If you are looking to buy, now is the time......
Mar 31, 20211 minBank of Canada will hold Current Level of Policy Rate...On March 10th, the Bank of Canada issued a press release stating that it will hold the current level of policy rate until inflation...
Feb 28, 20211 minThe Future is Bright ...The Future is bright according to CEO Brian Porte of Scotiabank. Canada is set to bounce back from the repercussions of this pandemic....
Jan 31, 20211 minToronto Real Estate Board says home prices hit record in 2020 as sales climbed ...After seeing buyers compete with multiple offers on homes across the Greater Toronto Area, real estate agent Navid Rashid is recovering...
Sep 30, 20201 minCanadian Home Sales surged to record highs ...Canadian home sales are surging to record highs. "What a difference three months makes, from some of the lowest housing numbers ever back...
Aug 31, 20201 minThe Bank of Canada has lowered the base qualification rate for the stress test to 4.79% ...The bank of Canada has lowered the base qualification rate for the stress test to 4.79%. This is the third drop since we entered into the...
Jul 31, 20201 minLenders use two rules to determine how much to lend you ...Rule 1: Your gross debt service ratio: These are your housing costs, which shouldn't be more than 32% of your gross income. Housing costs...
Jun 30, 20201 minCMHC Mortgage Qualification Rules are changing as of July 1st 2020 ...The CMHC has announced new changes to mortgage qualifications that impact home buyers. Existing mortgages will not be affected and will...
May 31, 20201 minCanada's Mortgage Stress Test Might become a bit more lenient ...Canada's mortgage stress test might become a bit more lenient according to a prediction from RateSpy.com . BMO and RBC have decided to...
Apr 30, 20201 minWhat will the Economy look like once things settle?What will the economy look like once things settle? Toronto Dominion Bank's CEO has expressed confidence that the domestic financial...
Mar 31, 20201 minBanks allowing Canadians to delay mortgage payments up to 6 months ...Are you concerned about your mortgage payments? Depending on your lender, there may be options available to you during this time....