Sumeet Chouhan Mortgages

08/14/2025

Please complete the following mortgage application in as much detail as you can (required information has been highlighted), then click submit. I will review the information, then contact you to discuss your application, answer any questions you might have, and explain next steps.

12/23/2024

12/17/2024

*Canada's Inflation Rate in November 2024

**Key Points:**
1. **Inflation Rate**: Slowed down to **1.9%**.
2. **Main Contributors**: Lower mortgage interest costs and cheaper travel tours helped reduce the inflation rate.
3. **Grocery Prices**: Increased by **2.6%** year-over-year, contributing to overall inflation.
4. **Gas Prices**: Fell by **0.5%** in November, providing some relief.

11/24/2024

https://flip.it/xXulE7

In addition to dropping the overnight rate 50 basis points to 3.25 per cent at its December 11 announcement, CIBC also expects the BoC to bring the rate to 2.25 per cent by mid-2025, “a bit below” the neutral rate.

Various signs point to the Bank of Canada (BoC) cutting interest rates by another half percentage point in December, even if the bank hasn’t said so explicitly, CIBC economists say.A research note, …

09/26/2024

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09/20/2024

Mortgage and real estate industry hit the jackpot this week with trio of announcements

>First, Ottawa announced a bombshell loosening of mortgage insurance rules.
>Second, inflation stunned economists by undershooting the two per cent target.
>Third, the United States Federal Reserve threw a party for the markets with a jumbo rate cut.

09/09/2024

https://amp.mortgagenewsdaily.com/article/66db73a27d13bea2c0d684c5

Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out.  In that regard, today was fairly normal.  Indeed, the jobs report came out and mortgage rates made their biggest move of the week, dropping to the lowest level...