Author : Megan

Gap between high- and low-income households widens Recent increases in the cost of living and declining real estate values had unprecedented impacts on net saving and wealth for more financially vulnerable households in the first quarter, such as those with lower incomes, less wealth, and in younger age groups. Income inequality increased in the first […]

Four Reasons to Use a Mortgage Broker for Your Renewal If you’re one of the roughly 1.1 million Canadians* whose mortgage is up for renewal this year, then you’ve probably already started wondering what you’ll do when the date comes. With interest rates continuing to climb, it’s important to get a head start on the […]

Mortgage interest cost rises as homeowners’ replacement cost slows Shelter costs rose 4.9% on a year-over-year basis in April, after a 5.4% increase in March. Canadians continued to pay more in mortgage interest cost in April (+28.5%) compared with April 2022, as more mortgages were initiated or renewed at higher interest rates. The higher interest […]

Rates increased slightly from 4.3% to 4.4% with the release of the latest Consumer Price Index (CPI) numbers on May 16. What does this mean for home owners?  First, it indicates that inflation continues to be a factor in the mortgage industry, and that rates could potentially go up once more on June 7th with the […]

The Rundown on Down Payments Making a down payment is one of the biggest decisions you’ll face when purchasing a home. Naturally, you may have a few questions about how the process works, such as: What’s the minimum amount you can put down? How will it affect your mortgage? And where can you get the […]

CREA Updates Resale Housing Market Forecast National home sales have remained little changed from month to month since the summer of 2022 and, in fact, posted modest back-to-back monthly gains in February and March 2023. With nearly a year without any large declines, the downward adjustment to sales activity from rising interest rates and high […]

TD Economics: Spending in a Time of Uncertainty Quick and sustainable kitchen hacks (NC) Trying to eat quality food on a budget with a busy schedule can seem like an impossible feat. From grocery shopping to food prep, clean-up and waste, here are some tips to make the process easier and more economical. Meal plan […]

Canadian CPI — A Mere Placeholder That Wasn’t as Dovish as Markets First Believed Markets clearly saw evidence of weaker inflation and responded by at first unwinding some of the rise in shorter-term yields that was occurring before the data and by driving the C$ to depreciate by about half a penny afterward. CAD retained […]