Each Office Independently Owned & Operated
Posted by: Dean Kimoto
A new RBC poll finds most Canadians believe there is no perfect time to buy, as economic uncertainty, affordability pressures and rate expectations complicate purchase decisions. Most Canadians say there is no perfect time to buy a home, according to a new RBC poll that points to the uncertainty still hanging over the housing market […]
Read MorePosted by: Dean Kimoto
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The conflict in the Middle East is now in its fourth month. The resulting increases in energy prices and disruptions in global supply chains are weighing on global economic […]
Read MorePosted by: Dean Kimoto
Despite strong payment performance, a growing share of borrowers report difficulty keeping up and are cutting back on spending to stay current Most Canadian homeowners are still meeting their mortgage obligations, but many are doing so under growing financial pressure, cutting back elsewhere to keep up. True North Mortgage’s 2026 Mortgage Sentiment Survey, released today, found […]
Read MorePosted by: Dean Kimoto
The Bank of Canada today held its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. The war in the Middle East has increased volatility in global energy prices and financial markets, and heightened the risks to the global economy. The breadth and duration of […]
Read MorePosted by: Dean Kimoto
Canada’s inflation rate slowed by more than expected last month after a sales tax break rolled out of yearly comparisons. By Nojoud Al Mallees (Bloomberg) — Canada’s inflation rate slowed by more than expected last month after a sales tax break rolled out of yearly comparisons. Headline inflation fell to 1.8% in February from 2.3% […]
Read MorePosted by: Dean Kimoto
A cooling housing market has been good news for those looking to buy their first home, but for homeowners looking to move up the property ladder, the slowdown is more of a mixed blessing. By Craig Wong, re posted from the Canadian Mortgage Trends website If you need to sell a home and buy another, […]
Read MorePosted by: Dean Kimoto
The management of one crisis often creates another. That was the case during the COVID-19 pandemic when central banks cut interests rates to almost zero in the hopes that they could keep a generational health crisis from becoming a spiralling economic crisis. Between late March of 2020 and February of 2022, the Bank of Canada’s […]
Read MorePosted by: Dean Kimoto
Canadian banks are set to report first-quarter results that analysts expect will show an earnings boost from trading as well as muted loan growth amid a still-tepid housing market. By Ian Bickis Banks have been able to drive their earnings higher in recent quarters despite economic headwinds as their capital markets divisions have benefited from […]
Read MorePosted by: Dean Kimoto
The country’s housing market was stone cold in January and the Canadian Real Estate Association is blaming the weather – or at least the weather in parts of southern Ontario. Record setting snowfalls and ferociously cold temperatures appear to have kept house hunters indoors. Seasonally adjusted sales were down nearly 6.0% in January compared to […]
Read MorePosted by: Dean Kimoto
The province’s new program lets eligible first-time buyers purchase with just two per cent down through select credit unions, but brokers warn the trade-offs could limit flexibility and increase long-term costs. Nova Scotia’s new pilot program to help first-time homebuyers enter the housing market is drawing national attention, as industry experts assess how the initiative […]
Read More