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...
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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....
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...
Yikes! Mortgage Renewals with 2023’s Higher Interest Rates
If your mortgage renewal is coming up in the next year, and you have been paying any attention at all to interest rates, you know that they are currently at a multi-year high. Until recently...
Calgary’s Real Estate Market Breaks May Sales Record!
According to the Calgary Real Estate Board, the housing market in Calgary achieved a new record for number of sales. The number of properties that changed hands totaled 3,120, representing an...
Weak May Employment Numbers May Stop July Rate Increase
After a week of talk of more and more Bank of Canada rate increases, here is something that is interesting! The latest employment numbers for May in Canada came in lighter than anticipated, and this...
Variable-Rate Mortgage Holders Face More Challenges
Variable-rate mortgage holders are in for "more pain" following the Bank of Canada's decision to raise interest rates once again. The central bank believes that the current monetary policy is not...
Mortgage Minute 25: Bank of Canada Raises Rates AGAIN!
The Bank of Canada Bumps Rates AGAIN!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 one...
Coin Toss: Rate Increase NOW or in July?
The odds of the Bank of Canada raising rates at this week's monetary policy meeting are essentially a coin toss, according to economists. While the decision could go either way, the markets indicate...
Explained: Why Fixed Mortgage Rates have been Increasing in May 2023
Recent weeks have witnessed a surge in mortgage rates at various lenders, including several of the Big-5 Banks in Canada, as the Government of Canada's 5-year bond yield experiences a significant...
Are Bank of Canada Rate Hikes Really Over?
The recent uptick in Canada's annual inflation rate has sparked a debate among economists regarding whether the Bank of Canada should raise interest rates once again. While some experts caution...
Canadians are Abandoning the Usual 5-year Mortgage Terms
In recent months, there has been a noticeable shift in the preferences of Canadian homebuyers when it comes to mortgage terms. According to data from the Canada Mortgage and Housing Corporation...
Mortgage Minute 24: Things are getting HOT in Alberta
Things are getting HOT in Alberta!The Spring Market is Definitely Here in Alberta!Need Some Mortgage Advice?Whether getting a mortgage on your first home, or looking at options for your next one we...
Mortgage Minute 23: It’s heating up in Calgary
IT'S HEATING UP IN CALGARYIt's starting to warm up, is the market about to follow?Need Some Mortgage Advice?Whether getting a mortgage on your first home, or looking at options for your next one we...
Mortgage Minute 23: Spring has Sprung in Edmonton!
SPRING HAS SPRUNG IN EDMONTONHave we arrived at the home buying "Sweet Spot?"Need Some Mortgage Advice?Whether getting a mortgage on your first home, or looking at options for your next one we are...
Mortgage Minute 22: The Bank of Canada’s Final Rate Increase
Time To Evaluate Is the Bank of Canada finally ready to stop their rate hikes? Need Some Mortgage Advice? Whether getting a mortgage on your first home, or looking at options for your next one we...
Mortgage Minute 21: Why Are Variable Rates Higher Than Fixed?
Variable Rates Are Higher Than Fixed!?Are they supposed to do that? Variable mortgage rates are higher than fixed. What exactly does this mean? Interest Rates are Inverted!?! It is a common...