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TD Economics: U.S. Liberation Day Binds The World To High Tariffs Have mortgage questions? I’m here to help you!Please feel free to contact me with any questions you may have. It would be a pleasure to assist you or any one of your friends or family members!

New Listings Jump to Start 2025 as Tariff Uncertainty Weighs on Sales Canadian MLS® Systems posted a double-digit jump in new supply in January 2025 when compared to December 2024. At the same time, sales activity fell off at the end of the month, likely reflecting uncertainty over the potential for a trade war with […]

TD Bank: Another positive surprise for Canada’s job market in January The Canadian labour market’s solid job gains carried over into 2025, with 76k new jobs beating expectations. Job gains were split between full (+42.3k) and part-time (+38.6k) positions. The healthy job gain pushed the unemployment rate down another 0.1 percentage point to 6.6%. Following […]

Canadian Home Sales Continue to Climb in November Home sales activity recorded over Canadian MLS® Systems rose again in November, building on October’s surprise jump. Sales were up 2.8% in November compared to October, and now stand a cumulative 18.4% above where they were in May, just before the first interest rate cut in early […]

Mortgage Holders Have Moved Away From The Cliff Edge TD analysis suggests that mortgage renewals are going to be less stressful for households than previously feared, with aggregate payments on Canadian mortgages poised to decline for balances outstanding as of mid-2024. The key factors behind this expected easing are lower interest rates and increased payments, […]

Slow mortgage growth continued as homebuyers remained on sidelines Canadian residential mortgage debt increased 3.5% year over year in July 2024, reaching $2.2 trillion. This historically slow mortgage debt growth was the result of many potential homebuyers remaining on the sidelines for much of the year, driven by high borrowing costs and elevated home prices. […]

OSFI to eliminate stress test for uninsured mortgage switches starting November 21 OSFI has confirmed that it will remove the requirement for lenders to apply the Minimum Qualifying Rate (MQR) to straight switches of uninsured mortgages. Superintendent Peter Routledge confirmed that OSFI will formally announce this change on November 21, 2024, as part of the […]

TD: Dollars and Sense: Ready… Set… Cut! Cut! Cut! Report by TD Economics Highlights The Federal Reserve is just under three weeks away from delivering its first interest rate cut in four years. While at times it felt like the day would never come, inflation has finally stabilized close to the 2% target alongside a […]

The Bank of Canada has lowered its benchmark interest rate by 25 bps to 4.25%. This is the Bank’s third rate cut since March 2020. Read the full statement here: https://www.bankofcanada.ca/…/fad-press-release-2024…/ The next BoC announcement is October 23.

Bank of Canada reduces policy rate by 25 basis points to 4½% The Bank of Canada on July 24th reduced its target for the overnight rate to 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is continuing its policy of balance sheet normalization. The global economy is expected […]