Category Archives: News

NEWSLETTER – JUNE 2019

Bank of Canada maintains overnight rate target at 1 ¾ per cent The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is … Continue reading

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NEWSLETTER – APRIL 2019

Budget 2019 To help make homeownership more affordable for first-time home buyers, Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply … Continue reading

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PERSONAL CHOICE – NEWSLETTER JANUARY 2019

Women of core working-age leading employment growth In 2018, employment increased by 163,000 or 0.9%. This pace of growth was slower compared with 2017 (+2.3%) and 2016 (+1.2%). Over the course of the year, the unemployment rate fell 0.2 percentage … Continue reading

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PERSONAL CHOICE – NEWSLETTER AUGUST 2018

CREA Updates Resale Housing Market Forecast The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the “pull-forward” of sales … Continue reading

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VERICO NEWSLETTER – JUNE 2018

Government Policy is Hurting Affordability For years a headline story has been the increasing level of personal debt, which has now reached $1.70 for every dollar of disposable income.  The latest numbers show that Canadians have $1.53 trillion in mortgage … Continue reading

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