Renu Bhattacharya - Mortgage Adviser

06/09/2024

30yr insured amortization will launch by Aug. 1 for 1st-time buyers purchasing new builds.

06/05/2024

Bank of Canada cuts key rate to 4.75%

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06/01/2024

Have the latest soft Canadian hashtag numbers paved the way for a
rate cut next week? Some—but not all—economists think so. ~ Canadian Mortage Trends

05/20/2024

05/06/2024

Market odds will fluctuate through May 21 (next Canadian CPI report), but as of this moment, June is a high probability for

's first rate cut in 4+ years.

05/01/2024

Major banks are exchanging punches in a heavyweight title fight for mortgage share. The latest haymaker comes from TD with its blockbuster prime - 1.01% uninsured special:
https://mortgagelogic.news/td-slashes-variable-rate-in-the-first-spring-2024-rate-war/ (subs)

Now, here's something that'll get mortgage shoppers' juices flowing. TD has slashed its discounted variable rates. And not just a little.

05/01/2024

Major banks are exchanging punches in a heavyweight title fight for mortgage share. The latest haymaker comes from TD with its blockbuster prime - 1.01% uninsured special:
https://mortgagelogic.news/td-slashes-variable-rate-in-the-first-spring-2024-rate-war/ (subs)

04/14/2024

The government will increase the amount first-time homebuyers can withdraw from RRSPs to buy a home, from $35,000 to $60,000, effective April 16.

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04/11/2024

The government announced today that first-time home buyers purchasing newly built homes will be allowed 30 year amortization periods on insured mortgages.

02/21/2024

Good news from StatsCan:

January inflation had way less of a bite than economists expected:

• Y/Y inflation: 2.9% (vs. 3.3% est. & 3.4% prev.)
• M/M inflation: 0.0% (vs. 0.4% est. & -0.3% prev.)
• Avg core inflation: 3.35% (vs 3.6% est. & 3.6% prev.)

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