Cindy Markell

05/23/2024

Canada will allow 30-year amortization for first-time buyers’ mortgages. Finance Minister Chrystia Freeland said the government would allow the amortization period on insured mortgages for first-time homebuyers purchasing newly built homes. The measure will take effect on Aug. 1. The Canadian Home Builders’ Association has advocated for the longer period, saying five years more would help with affordability and speed up construction. The government also nearly doubled the amount first-time buyers can withdraw from RRSPs to buy a home to $60,000 from $35,000 as of April 16.

The Canadian government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes.

04/18/2024

Budget 2024 showed a slightly worse bottom line throughout the federal government’s fiscal plan compared to previous estimates but kept the deficit within target. To achieve this, however, the government introduced several new taxes after a myriad of new spending was rolled out in recent weeks. The lack of spending restraint was offset by a surprise upside in revenue projections.

Budget 2024 showed a slightly worse bottom line throughout the federal government’s fiscal plan compared to previous estimates but kept...

03/21/2024

Bumpy recovery for Canada’s housing market.
February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked by growing expectations the Bank of Canada’s next move will be a rate cut—halted the series of monthly price declines since last summer. But this more upbeat outlook isn’t yet translating into a steady recovery in activity. The sharp loss of affordability during the pandemic still firmly restrains buyers.

February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked by growing expectations

03/14/2024

Reality check: Canada’s housing market isn’t out of the woods yet.

Anyone expecting smooth sailing ahead for the housing market got a reality check in February. Month-to-month drops in home resales in several of Canada’s major markets were a reminder that very challenging affordability conditions

02/29/2024

January marked the second consecutive month residential transactions increased in major markets across Canada. The uptick seen in early results...

01/25/2024

The Bank of Canada holds rates steady with talks shifting to timing of cuts.

Get timely economic forecasts and analysis for Canada, the United States and key international economies.

12/29/2023

Need some inspiration for your resolutions? Here's 50 New Year's Resolution Ideas And How To Achieve Each Of Them from lifehack.org.

It's a new year and many people are indulging in retrospection and re-evaluating some of their life choices. New Year’s resolutions are the perfect

12/22/2023

From our home to yours. Happy Holidays from all of us.

12/18/2023

Get your best possible rate and more with an RBC mortgage. Experience a customizable and personalized mortgage experience with a dedicated mortgage specialist, affordability tools, and exciting offers that make working with RBC all the more rewarding.

09/29/2023

The idea of buying a home is thrilling. You'll have so many exciting steps to take as you go through the new build home buying process, and we know you'll have a few questions too. We are here to make it easier. Our Mortgage Specialists can help you understand your options and lock in your best rate...

07/26/2023

Thank you to everyone that came out today to join us in our open house learning about Real Estate and down sizing!

Special thanks to Petrunas-Zanon Realty Team and 360 Downsizing for providing their expertise!

07/13/2023

If you own a home and you’re looking to sell it and buy a new one, there are strategies available to help you.

Visit RBC Royal Bank to learn about different strategies to help you sell your current home and buy the next one.