Banks charge more than 6% on loans, but give less than 2% on savings accounts
One of the biggest business stories of 2022 has been the swift and startling rise in interest rates. This year we’ve seen seven...
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- Nov 30, 2022
- 1 min
Fed could cut interest rates in 2024, Williams says
New York Federal Reserve President John Williams on Monday declined to say how fast and how far he believes the U.S. central bank will...
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- Oct 31, 2022
- 1 min
Canadian economy’s third-quarter growth tops forecasts, but rising interest rates starting to bite
The Canadian economy grew faster than expected in the third quarter, although weakening housing investment and consumer spending suggests...
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- Sep 30, 2022
- 1 min
Bank of Canada hikes key interest rate by 75 basis points Wednesday as inflation rages
The Bank of Canada announced another oversized hike of its key interest rate Wednesday morning as inflation continues in Canada and...
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- Aug 31, 2022
- 1 min
Bank of Canada continues fight against inflation. Housing valuations are falling...
The Bank of Canada announced another oversized hike of its key interest rate Wednesday morning as inflation continues in Canada and...
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- Apr 30, 2022
- 1 min
Omicron Flat-Lines Canada’s Economy at End of Strong Year
GDP little changed in December amid fresh Covid lockdowns But stall wasn’t enough to offset robust fourth quarter Canada’s economy...
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- Jan 1, 2022
- 1 min
Canada’s economy recovered to prepandemic levels in November, December seen flat as Omicron hit
Canada’s economy recovered to prepandemic levels in November, December seen flat as Omicron hit
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- Dec 1, 2021
- 1 min
Omicron Could Affect Interest Rates. Bond Yields Slide as Investors Seek Safe Havens
After a brief respite Monday, fears surrounding the new, heavily mutated Omicron variant of the coronavirus are back with a vengeance....
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- Oct 31, 2021
- 1 min
Expect mortgage rates to rise in 2022, economists say
Canadians 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...
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- Sep 30, 2021
- 1 min
Bank of Canada makes a rate announcement
The announcement reaffirmed the Bank's projection that interest rates are likely to begin rising in the second half of 2022. #appraisers...
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- Aug 31, 2021
- 1 min
Mortgage Stress Tests
With tighter rules to pass the stress test, sales may slow down but some markets are still hot. We have a robust economy and population...
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- Jul 31, 2021
- 1 min
CMHC 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...
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- Jun 30, 2021
- 1 min
Why Mortgage Debt is now the focus for many Canadians
In an effort to slow the housing market down, the office of the Superintendant of Financial Institutions introduced new guidelines on the...
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- May 31, 2021
- 1 min
Eglington 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...
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- Apr 30, 2021
- 1 min
CMHC 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......
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- Mar 31, 2021
- 1 min
Bank 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...
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- Feb 28, 2021
- 1 min
The 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....
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- Jan 31, 2021
- 1 min
Toronto 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...
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- Sep 30, 2020
- 1 min
Canadian 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...
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- Aug 31, 2020
- 1 min
The 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...
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