The Mortgage Group.- Roger Hicks

04/09/2025

Good news for renters ....

A new report says the national average asking rent in March was $2,119, marking the sixth straight month of year-over-year declines.

04/08/2025

Consumer confidence can impact BOC rate decision...

With a third of Canadian businesses now expecting a recession in the next 12 months—up from just 15% in the last two quarters—economic unease is clearly on the rise.

04/08/2025

Tariffs, tech, Tesla.... what happens with mortgage rates...

What a week we saw in the markets. Weeks like this are only rivalled by a few moments in history—the COVID-19 meltdown in 2020, the Global Financial Crisis in 2008, and the tech wreck in 2001.

03/12/2025

Good news, the BOC reduced rate by .25% today....

03/10/2025

Employment numbers could increase probability of a rate cut ...

After three months of steady job gains, February saw a surprising slowdown, with employment growth stalling at just 1,100 new positions.

03/04/2025

Tariffs are here.... what does that mean for you ?

U.S. President Donald Trump has confirmed that his long-threatened trade war will go ahead, with tariffs on Canadian goods scheduled to take effect just after midnight tonight.

02/27/2025

Consumer debt and delinquency rates are increasing... time to have a discussion about financing options...

Rising debt and missed payments hit Canadian borrowers, with Ontario and BC mortgage holders under pressure

02/25/2025

There is a lot of speculation about rates... no one really knows..

Variable mortgage rates are looking increasingly attractive compared to fixed rates, with the potential for significant savings, according to new research from BMO Economics.

02/19/2025

Sales down and listing up.....welcome to the roller coaster...

Tariff uncertainty put downward pressure on home resales in January while total listings saw one of the biggest spikes in decades, said the Canadian Real Estate Association on Tuesday.

02/19/2025

30% chance of a rate cut in March ....

Canada's inflation report for January has led to a sharp decline in the chances of the Bank of Canada cutting rates in March.

02/11/2025

Could be further rate cuts coming ....

A majority of influential economists and analysts predict the Bank of Canada will lower its policy rate to 2.50% before pausing.

02/05/2025

Tariffs could impact the prime rate in Canada..

Canada received a temporary reprieve from U.S. tariffs for at least 30 days, but if enacted, BMO warns the Bank of Canada may be forced to cut its policy rate to 1.50% by year-end.