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...
Bank of Canada Governor Speaks in Calgary
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...
Mortgage Minute 27: Bank of Canada Holds Rates Steady
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...
Discussing the Rate Announcement with Realtor Jay Lewis
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...
30 Year Mortgage Amortizations
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...
Desjardins: Canada May Enter Recession until 2024
The global economic landscape is an ever-evolving terrain, with various factors and indicators influencing its trajectory. One Desjardins Bank recently released a report highlighting concerning...
Are Interest Rates about to DROP?
In a surprising turn of events, Canada's 5-year bond yields have retreated below the 4% threshold, marking a significant departure from their recent trajectory. Since August 13th of this year, these...
Alberta Housing Market: July 2023
The Alberta housing market has been a topic of keen interest for both residents and real estate enthusiasts alike. As we delve into the latest statistics and insights provided by Sagen, one of...
Canada’s 5-Year Bond Rate Surpasses 4%: Implications for Fixed Rate Mortgages
Canada's 5-year bond rate has surged above the 4% mark, triggering a wave of interest rate changes in the mortgage market. This sudden increase in bond yields has paved the way for a fresh round of...
Canada’s July Inflation Surges Past Expectations, Reaching 3.3%
In a frustrating turn of events, Canada's inflation rate for the month of July has surpassed market expectations, ringing in at 3.3% instead of the anticipated 3.0%. This unexpected increase,...
Mortgage Rates Likely to Stay High Until 2025
In a recent interview with BNN Bloomberg, David Dodge, a senior advisor at Bennett Jones and former Bank of Canada Governor, highlighted the likelihood of a prolonged period of elevated interest...
Canada’s Disappointing Growth Data from Q2 2023 May Halt Bank of Canada’s September Interest Rate Hike
Canada's economic growth figures for the second quarter of 2023 have been labeled as "disappointing" by economists, casting doubt on whether the Bank of Canada will proceed with its planned interest...
Did the Bank of Canada Increase Rates Too Much?
The Bank of Canada has been on an unprecedented path of rate increases, raising its interest rate from 0.25% in March 2022 to 5.00% in July 2023. The central bank took this aggressive stance in...
Breaking: Inflation drops below 3%, but it isn’t all rosy
Canada's inflation rate took a step towards the desired 2% mark, slowing to an annual rate of 2.8% in June, the slowest pace since March 2021. This after a drop in May to 3.4%. While this figure was...
Mortgage Minute 26: UGH! Bank of Canada Summer Rate Jump
UGH! Bank of Canada Summer Rate Jump Will this be the FINAL Rate Increase of the year? Need Some Mortgage Advice? Whether getting a mortgage on your first home, or looking at options for your next...
Bank of Canada Expected to Increase Rate July 12th
Following two rate increases earlier in 2023, and several in 2022, the Bank of Canada is poised to implement another 0.25% hike, confirming its ongoing commitment to combatting post-COVID inflation....
Canada’s May inflation rate slows, weakening case for a July rate hike
Canada's May inflation rate has slowed, raising doubts about a possible interest rate hike by the Bank of Canada in July. Data released by Statistics Canada shows that the annual inflation rate...
Why the Bank of Canada Increased its Interest Rate June 7th
As we are all now aware, on June 7th, 2023, the Bank of Canada made the decision to increase its interest rate. The move by the central bank has significant implications, particularly in the real...
May Inflation Data coming June 27
On June 27th, the May Consumer Price Index (CPI) data will be released in Canada, providing crucial insights into the country's inflation trends. The previous month, the CPI nudged up to 4.4% after...
Edmonton’s Resale Real Estate Market Set for Growth in 2023
Despite higher borrowing costs, Edmonton's resale real estate market is poised for improvement in 2023. A revised forecast predicts rising prices, defying earlier expectations. Discover the factors...
Equifax Reports More Late Payments amid High Demand for Credit
Disclosure: This article is more technical than most of what we share as it is heavy on analysis and light on explaining. Equifax® Canada's recent Market Pulse report on consumer credit trends and...