The federal government’s launch of the Secondary Suite Refinance Program on January 15 was largely met with optimism, but some brokers note that questions remain. The program, first unveiled in October, allows homeowners to refinance up to 90% of their property’s value (capped at $2 million) to build secondary suites intended for long-term rental use, specifically excluding […]

The Canadian Housing Market Ends 2024 On a Weak Note Home sales activity recorded over Canadian MLS® Systems softened in December, falling 5.8% compared to November. However, they were still 13% above their level in May, just before the Bank of Canada began cutting interest rates. The fourth quarter of 2024 saw sales up 10% […]

Severe weather events are contributing to spiking losses for insurers This article was written for CMP by Jonalyn Cueto   Homeowners across Canada should prepare for significant increases in insurance premiums. Experts attributed the rising costs to record-breaking losses from natural disasters, inflation, and labour shortages in the construction industry, a report from CTV News […]

The new initiative aims to simplify the credit-building process for immigrants by recognizing financial histories from their home countries. When Rebecca Oakes emigrated from the UK to Canada in 2017, she never anticipated that one of the first challenges she’d face would be securing a quality Canadian credit card.   Rebecca Oakes, Vice President of […]