by Julie Dugas | Oct 18, 2024 | Blog, Economy
We’re welcoming news of many important mortgage changes coming into effect in the next few months. The latest announcement by the federal government will see mortgage changes rolled out aimed at addressing the housing shortage by supporting the construction of...
by Julie Dugas | Oct 4, 2024 | Blog, Economy, Homeownership
Homeowners who switch lenders when your mortgage term is up for renewal will no longer be subject to stress-test rules – which add a 2% rate surcharge when qualifying your mortgage – as of November 21st, 2024. This change provides added flexibility so your mortgage...
by Julie Dugas | Jan 5, 2024 | Blog, Economy
For many Canadians, 2023 was a tough year thanks to high inflation and interest rates, and we’re ready to put it far behind us with the hope of a brighter year ahead. The good news is that economists are suggesting borrowing costs may have already peaked. After three...
by Julie Dugas | Oct 20, 2023 | Blog, Economy
Results from a new Bank of Canada (BoC) survey show that Canadian consumers believe inflation is higher than it actually is, and they expect it to remain high despite data showing that it’s actually on the way down. The BoC released the results of its survey of...
by Julie Dugas | Feb 17, 2023 | Announcements, Economy
In its very first summary of deliberations released this month, the Bank of Canada (BoC) pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above 2% as the rationale for raising its key rate by a quarter of a percentage point...
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...
