by Julie Dugas | Jan 20, 2023 | Blog, Homeownership, Mortgage
Canada’s banking regulator – The Office of the Superintendent of Financial Institutions (OSFI) – announced three new regulatory proposals in January that could further limit mortgage lending pending a consultation period. OSFI’s three proposals are focused on debt...
by Julie Dugas | Jan 6, 2023 | Blog, Economy, Homeownership, Mortgage
Most regions of the country (60%) are expected to shift into balanced market territory in 2023 – a trend that’s already starting to materialize as a result of current economic conditions – after a seller’s market dominated for much of the pandemic, says RE/MAX...
by Julie Dugas | Dec 16, 2022 | Blog, Homeownership, Mortgage
There are many benefits to homeownership in any market. It’s important not to let the media tarnish your homeownership journey. And with average rent in Canada rising nearly 12% year-over-year in October 2022 to almost $2,000 – according to the National Rent Report –...
by Julie Dugas | Dec 2, 2022 | Blog, Economy
More than half of Canadians surveyed are concerned about their personal financial situation but they haven’t changed their subconscious spending habits, according to a new report – The Quiet Spend – by FP Canada. Most people are spending money subconsciously by...
by Julie Dugas | Nov 18, 2022 | Blog, Mortgage
In a rising rate environment like we’re currently experiencing, chances are you’ve heard the word “trigger” a lot lately, especially if you’re in a variable-rate mortgage.What’s a Trigger Rate? A mortgage is made up of two components: 1) Interest; and 2) Principal....
