Consumers Give a Little Love with Year-End Purchases According to the latest TD Spend data, consumer notably loosened their purse strings, possibly swayed by the holiday spirit and warm weather. Spending during the last three months of the year grew on average by 0.7% month-over-month. This change in spending dynamic helped the year finish on […]
Missed Payments and Financial Strain Are Increasing for Many Canadians, Credit Card Debt Continues To Rise Total consumer debt in Canada stood at $2.4 trillion in Q3 2023, an increase of $80.9 billion from the same period last year, according to Equifax® Canada’s latest Market Pulse Consumer Credit Trends and Insights report. Despite the impact […]
2023 Fall Economic Statement: What You Need to Know Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the Fall Economic Statement on November 21, 2023. Here is an overview of key housing measures that may affect you: The federal government acknowledges the need for long-term housing solutions. To address short-term rentals, starting January […]
The holidays can be a stressful time on your finances. Contact us now for help managing your equity & monthly expenses.
Housing market slowed in September as interest rates weigh in Summary https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/logement/economic-news-resale-market.pdf Easy home improvements you can do in winter (NC) As we tend to spend more time indoors during cold weather, eager do-it-yourselfers need to look for some interior reno projects to keep them occupied. Here are some low-cost tasks you can tackle that […]
In today’s announcement, the Bank of Canada decided to maintain its target rate at 5%. The September inflation report revealed a rate of 3.8%, which is currently decreasing. It is expected that Canada will soon declare a brief recession, prompting the Bank to adopt a cautious “wait and see” strategy. The global economy is experiencing […]
Safeguarding Your Mortgage: Cybersecurity Tips for Homebuyers October is Cybersecurity Awareness Month, and as your trusted mortgage broker, I want to share essential tips to help you protect your mortgage transactions and financial information from cyber threats. By following these cybersecurity tips, you can increase your peace of mind during and after the mortgage transaction. […]
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Teranet-National Bank House Price Index rises sharply in July Before seasonal adjustments, the Teranet-National Bank Composite House Price Index™, which covers the country’s eleven largest CMAs, rose by 1.8% from June to July, the fifth consecutive monthly increase. After adjusting for seasonal effects, the Teranet-National Bank Composite House Price Index™ rose by 2.4% from June […]
Canadian Home Sales Showing Signs of Stabilization in June Home sales recorded over Canadian MLS® Systems posted a 1.5% increase between May and June 2023, smaller increase than in April and May. Sales were up in June in a little over half of all local markets, with gains in British Columbia and Alberta offsetting fewer […]