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 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...
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...
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...
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...
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...
Josh Tagg Recognized Among Global Top 100 Mortgage Brokers
PRESS RELEASE Josh Tagg Recognized Among Global Top 100 Mortgage Brokers by MPA Magazine Calgary, Alberta, December 1, 2022 – Renowned Canadian mortgage broker, Josh Tagg, has recently been honored...
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...
New and Improved Stress Test!
The Department of Finance announced Tuesday changes to the mortgage stress test. "The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance...