The Calgary Real Estate Board (CREB) recently reported a 7.3% increase in April home sales compared to the previous year, emphasizing a surge in transactions involving more affordable, high-density...
The January Employment Report: What It Means for Canada’s Economic Outlook
An Unexpected Twist The latest employment report for January has turned heads and sparked a flurry of recalculations among bond markets and economic forecasters. While the unemployment rate's slight...
A Closer Look at the Extended Foreign Buyer Ban
Strengthening Housing Affordability in Canada: A Closer Look at the Extended Foreign Buyer Ban The Canadian federal government, in a move that prominently underscores its political agenda, has...
Canada’s Housing Market For January: A Glimpse into 2024
As we embark on a new year, the Canadian housing and mortgage landscape is showing signs of significant transformation. This article delves into the insights from the latest Housing and Mortgage...
Bank of Canada’s Rate Cut Predictions and Economic Outlook
Despite the Bank of Canada's resistance to aggressive rate cut forecasts, the consensus among leading economists and analysts is leaning towards a reduction in rates beginning by April. This...
Edmonton’s Real Estate Market: Insights from December 2023
Exploring Edmonton's Real Estate Market: Insights and Surprises from December 2023 Welcome to our deep dive into Edmonton's real estate market, where we unravel the exciting and sometimes...
Canada’s Inflation Report – on track
Headline Inflation Rate: A Steady Hold source: Trading Economics Canada Inflation Rate The latest data on Canada's inflation, released today, January 16, 2024, reveals a nuanced picture of the...
Mortgage Stress Test Remains Unchanged
In a significant move for the Canadian housing market, the Office of the Superintendent of Financial Institutions (OSFI) has recently announced its decision to leave the Mortgage Stress Test...
November 2023 Housing and Mortgage Market Review
As we approach the end of 2023, Canada's housing and mortgage landscape is experiencing significant shifts. Here we will share the findings of the Housing and Mortgage Market Review published this...
VIDEO: Edmonton’s Stable Real Estate Market in November 2023
Watch the latest video featuring a dynamic and insightful discussion between Josh Tagg of Mortgages for Less at Axiom and Jay Lewis from REMAX. In this video, they delve into the intricacies of the...
VIDEO: Projected Mortgage Rates and Renewals
Join us today as Josh Tagg and Jay Lewis discuss Canadian mortgage renewals in 2024 and beyond. What impact will this have on interest rates and decisions by the Bank of Canada. At least a few...
VIDEO: Mortgage Rates are Dropping!
Interest Rates have DROPPED in the last week. From a high point around October 1st we have seen a big decrease. Watch our conversation about this, or read the transcript below! Jay Lewis: So I've...
VIDEO: Fall Home Maintenance Reminders
With the fall time change, and winter starting, let's talk about some of those regular maintenance things you should be doing with your home to make sure everything continues to work properly for...
VIDEO: Edmonton Real Estate Update
Just after the October 25, 2024 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,...
Mortgage Minute 28: Rates Stay Steady & Market Updates
Bank of Canada Keeps Rates Steady The Bank of Canada made its scheduled rate announcement today and decided to keep the rate unchanged. This is in line with more recent expectations, but as...
First National Real Estate Market Assessment
First National’s President and CEO Jason Ellis emphasized the company's dedication to mortgage brokers and the industry’s collective growth. This was manifested through open dialogue and perspective...
Breaking: Equitable Bank to Offer 40 Year Amortizations
Equitable Bank announced this week the forthcoming launch of our 40-year amortization product. Catering to the diverse needs of our customers, we're bringing back extended amortization to help...
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...
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...
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...
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...