Mortgage Architects - Carm Ouano

03/08/2023

On Wednesday, the bank said it is “prepared to increase the policy rate further if needed to return inflation to the 2 per cent target.”

12/08/2022

Last week, Jason shared qualifying scripts to help find an investor savvy Realtor and Home Inspector.   When funding a property, the most important ally you can have on your team is an independent Mortgage Broker.   An experienced Mortgage Broker can offer so much more than your standard bank repr...

12/07/2022

The Bank of Canada increased its key overnight interest rate by 50 basis points to 4.25 per cent but signalled that aggressive hikes could be ending soon.

The central bank said in a press release Wednesday, “Looking ahead, the Governing Council will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target.”

It had previously said the rate “will need to rise further” and economists were looking for a change in wording to provide a hint of what is to come next year. The revised language could suggest a shift after multiple large increases this year.

It’s the seventh consecutive increase since the Bank began hiking rates in March in a bid to curb runaway inflation.

12/06/2022

https://www.eatingwell.com/recipe/275354/slow-cooker-creamy-butternut-squash-apple-soup/

My favorite Vegan Shepherd’s Pie
with Lentils. 😍

It’s flavorful, comforting, and super yummy! Raise your hand if you want a piece 🙋‍♀️

Enjoy the rest of the night! 💛

Recipe: https://elavegan.com/vegan-shepherds-pie-gluten-free-recipe/

🇩🇪 Rezept: https://elavegan.com/de/veganer-shepherds-pie-mit-linsen-glutenfrei/

11/27/2022

Since the August 2022 Home Affordability Report, average home prices have decreased across all 10 cities that we looked at. While house prices have gone down noticeably, mortgage rates and the stress test are only slightly up from where they were just a few months ago. The result is that in all 10 cities, you need less income to qualify for the average home than you did over the summer.

"Homes are becoming more affordable across the country," says James Laird, Co-CEO of Ratehub.ca and President of Canwise mortgage lender. "With the Bank of Canada suggesting that rate hikes are nearing an end and the continued softening of home prices, affordability should continue to improve in the coming months. It is likely that June 2022 will prove to be the low point for affordability, since mortgage rates were up while home prices had not yet softened significantly." Laird added, "As affordability continues to improve, we will likely see homebuyers resume their search in the new year. We will have to see if sellers are interested in listing their homes at values that are significantly lower than their peak."

According to data compiled by Ratehub.ca, homes across the country are becoming more affordable. Read on to learn more about our findings.

05/20/2022

https://www.biggerpockets.com/blog/reasons-to-invest-in-real-estate-recession?utm_source=Iterable&utm_medium=email&utm_campaign=Newsletter%20%7C%2005/19/22

05/12/2022

05/12/2022

https://standardnews.com/miserable-american-cities/6/

These miserable American cities are places you should never move to, based on data from the U.S. census. If you're planning a move right now, you’ll thank us after you read through this list.

05/03/2022

“The economy needs higher rates and can handle them. With demand starting to run ahead of the economy’s capacity, we need higher rates to bring the economy into balance and cool domestic inflation,” he said.

Macklem noted that inflation is now at a three-decade high of 6.7%, and is expected to remain above the Bank’s target range of 1% to 3% for the remainder of the year.

“We are committed to using our policy interest rate to return inflation to target and will do so forcefully if needed,” he added. “How high rates go will depend on how the economy responds and how the outlook for inflation evolves.”

What is certain, Macklem noted, is that Canadians should “expect interest rates to continue to rise toward more normal settings.”

Bank considering a 50-bps rate hike in June: Macklem

Targeting high inflation is the Bank of Canada's top priority, and it's prepared to raise interest rates "forcefully" if that's what's need.