by Kara Herbeson | Nov 3, 2023 | Blog, Economy, Mortgage
There are numerous ways that you may be able to benefit from accessing some the equity built up in your home through a mortgage refinance, including helping cover the costs of the upcoming holiday season’s gift buying, decorating and entertaining. If your mortgage is...
by Kara Herbeson | May 6, 2023 | Blog, Economy, Homeownership
Canada Mortgage and Housing Corporation (CMHC) expects home prices to bottom out this year, but they aren’t expected to fall below pre-pandemic levels. That was the takeaway from the agency’s spring Housing Market Outlook, which said weaker growth and higher mortgage...
by Kara Herbeson | Feb 17, 2023 | Announcements, Blog, 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 Kara Herbeson | Sep 2, 2022 | Blog, Economy
Everyone seems to be talking about inflation more than ever these days. And while Inflation in Canada has come down a little recently, it remains far too high. After rising rapidly to reach 8.1% in June, inflation as measured by the consumer price index (CPI) was 7.6%...
by Kara Herbeson | Aug 5, 2022 | Blog, Economy, Finance
As inflation soars to a 40-year high, and with interest rates expected to continue rising, many Canadians are feeling financially stretched. For those with a mortgage up for renewal, the prospect of dealing with higher mortgage payments is very real. That said, there...
by Kara Herbeson | Jul 15, 2022 | Announcements, Blog, Economy, Homeownership
In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
