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.

hashtag hashtag hashtag hashtag hashtag hashtag hashtag

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.)

MortgageLogic.news

02/14/2024

The latest headlines:
- Half of Canadians say high interest rates are negatively impacting their love life
- Mortgage arrears rate held steady in November
- Improving consumer outlook suggests GDP rise in 2024: Nanos
https://bit.ly/3wdM1zn - Canadian Mortgage Trends

As Cupid readies his arrows for Valentine's Day, a new survey has uncovered that high interest rates are taking their toll on Canadians' romantic life

02/08/2024

4 year rate starting at 4.99% and 5 years at 4.87%. we dont know when variable rates will come down but sure fixed are seeing downward trend.
The ’s Governing Council believes it’s too soon to say when they can start cutting interest rates given ongoing upside risks - Canadian