Following last week’s adjustment in interest rates, several key economic events are approaching that could further influence mortgage rates in Canada. Here’s a closer look at the current landscape and what it might mean for you: What’s Happening? Doubling its typical 25-basis-point adjustment, the Bank of Canada lowered its overnight lending rate by 50 […]

    Slower GDP growth and easing inflation trends are likely to influence the Bank of Canada’s upcoming rate decision, offering key insights as we approach their October 23 meeting. The Consumer Price Index (CPI) rose 1.6% year over year in September, the slowest pace since February 2021 and down from a 2.0% gain in August […]

    Multiple meaningful changes are coming to make homeownership and adding revenue to your principal residence more affordable for Canadians like you. Whether you’re a first-time homebuyer, a current homeowner whose mortgage is coming up for renewal, or someone looking to add a legal secondary suite or laneway home, these updates will help you […]

  Recent rate cuts may help you leverage better mortgage options and increase your savings.  In a third consecutive meeting, the Bank of Canada dropped the overnight rate to 2.25% on September 4th, resulting in the Prime rate dropping to 6.45% with most lenders.   This means if you’re on an adjustable-rate mortgage, your payment […]

        For those considering buying real estate, based on the news in the last 24 hours, you might think about making a purchase sooner rather than later.   Yesterday, Canada’s Consumer Price Index (CPI) unexpectedly fell to 1.95%, dipping below the Bank of Canada’s (BoC) inflation target.  The BoC had not anticipated […]

  Today, the Bank of Canada cut the overnight policy rate by another 25 basis points to 4.25%. This is the third consecutive decrease since June. The Bank’s decision reflects two main developments. First, headline and core inflation have continued to ease as expected. Second, as inflation gets closer to the target, the central bank […]

  As a mortgage consultant, I simplify the financing process by finding the best loan options for you.  Whether buying a new home, refinancing or exploring equity lines and reverse mortgages, I work with various lenders to meet your needs.  From managing renewals to consolidating debt and securing loans for personal and investment properties, I’m […]

  Inflation in Canada decelerated once again in July to its slowest pace in three years, assuring the central bank will cut rates for the third consecutive meeting on September 4. The US is also widely expected to begin easing monetary policy at its September confab. The annual inflation rate in Canada fell to 2.5% […]

  With the next Bank of Canada decision approaching, some borrowers question whether to wait for a potential drop in the prime rate before evaluating their mortgage renewal options.  Similarly, those buying properties might also contemplate if they should delay their decision on which rate type to select.  While thinking that a lower prime rate […]

      Last week, the Bank of Canada decreased their rate by 0.25% to 4.5%, resulting in a drop in the Bank Prime Rate from 6.95% to 6.70%. What does this mean for you? If you’re on an adjustable-rate mortgage, your payment will decrease by roughly $15 per $100,000 of your balance. For variable […]