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...
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Interest Rates
Navigate the ever-changing landscape of interest rates in the mortgage world. Understand what drives fluctuations, discover the latest trends, and arm yourself with knowledge to make informed decisions for your home financing journey.
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...
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...
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 3: Canadian Mortgage Rates and COVID-19
Alberta and pretty much the whole world is in a state of a public health emergency. Many jurisdictions are under forced quarantine, or shelter in place orders. In addition to the emotional, and...
Mortgage Minute 2: COVID-19 and Mortgage Rates
We have seen the novel coronavirus spread faster than many of us thought. COVID-19 has closed schools and is hurting the economy. Today Alberta declared a state of emergency and most non essential...