Mortgage-GTA

02/23/2023

02/23/2023

https://dominionlending.ca/economic-insights/canadian-inflation-slows-in-january-assuring-a-rate-pause-at-march-8-boc-meeting

Further Decline in Inflation in January Affirms Bank of Canada Pause in March Canadian inflation decelerated meaningfully in January despite the continued strength in the economy. Labour markets remain very tight, and retail sales continue strong. Nevertheless, the Bank of Canada’s jumbo rate hike...

01/17/2023

Good News on the Inflation Front in December The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners’ replacement costs, fuel oil and other o...

01/26/2022

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07/15/2021

https://www.bankofcanada.ca/2021/07/fad-press-release-2021-07-14/?utm_source=linkedin&utm_medium=social&utm_campaign=FADMPR210714

The Bank of Canada today held its target for the overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.

06/04/2021

https://www.cbc.ca/news/canada/prince-edward-island/pei-mortgage-stress-test-1.6052312

It's now a bit harder to qualify for a home loan in Canada, but the attempt to cool down home buying may not have much of an effect on P.E.I.'s red-hot market.

05/03/2021

https://www.placetocallhome.ca/fthbi/first-time-homebuyer-incentive

Learn how to get an additional 5 or 10% to add to your down payment on your first home.

03/30/2021

https://www.mortgagebrokernews.ca/news/what-are-the-issues-impacting-the-greater-toronto-areas-housing-market-354455.aspx

Entry of fresh inventory has been disrupted by the pandemic’s impact, especially material shortages