Inflation in Canada has roared back with a vengeance, akin to a dragon-breathing fire, reaching an annual rate of 4.0% in August 2023, a significant jump from July’s 3.3%. These numbers have sent shockwaves through the economy, particularly in the realm of...
Last week, I was fortunate enough to attend an event hosted by the Calgary Chamber of Commerce featuring Tiff Macklem, the Governor of the Bank of Canada. In his presentation, Governor Macklem addressed a room full of Calgary business people, including many of my...
The BOC Holds Rates Steady As expected, the bank of Canada held its interest rate today after increasing back in July. I know that sometimes it feels like the interest rates are not going to stop increasing. Some of us may have flashbacks to, or may have family...
Right after the September 6, 2023 Rate Announcement by the Bank of Canada, Josh Tagg with Mortgages for Less and Jay Lewis with ReMax Excellence in Edmonton got together to discuss this announcement, and what is going on in the Real Estate Market in Edmonton. Full...
If you’re in the market for a mortgage in Canada and have your sights set on a 30-year amortization period, you might encounter some hurdles. Generally, most mortgages in the country are capped at a 25-year amortization period, in line with the regulations set...
