News

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 […]

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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 […]