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Latest Inflation news you must read!

Canada’s inflation rate rises to 3% in July, highest levels since 2011,  according to Statistics Canada.  That is 1% higher than the 2% inflation target set by the Bank of Canada. The Central Bank will likely hike rates on Sept 5th.  Increasing rates is a proven tool used by the federal government for fighting inflation. […]

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Mortgage growth is slowing, but home equity loans are ticking up at twice the pace, says CMHC

New mortgage loans down 7.7% from last year TORONTO — The Canada Mortgage and Housing Corporation says the country’s mortgage debt increased at a slower pace in the last quarter of 2017 compared to the year before. The Crown corporation attributes the slowdown to rising interest rates and decreasing home sales. In its quarterly mortgage […]

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Variable Rate might be a decent bet!

Credit market U-Turn: Bond yields now signal mortgage shoppers should go with a variable rate Recently, Canada’s five-year bond yield dove to a multi-month low, a bearish short-term signal for fixed mortgage rates. Why the U-Turn in rates? The whiplash in rates comes as  President Trump threatens to tax Canada’s imports into the U.S.  If […]

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Take advantage before mortgage rates hike!

Brokers will have a leg-up on the competition – at least for the next few weeks – and should look to take advantage. Monoline rates will definitely increase in the near future … but until then brokers will benefit from RBC and other banks increasing their own rates. Once a lot of monoline business comes in, […]

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Refinance & Save

Refinance and $ave! Keep your money where it belongs.. in your wallet. Call us now to calculate your $avings! By consolidating all of your debts and refinancing at a lower rate you can minimize your monthly payments. Not only are you paying less, you can also receive CASH IN HAND to renovate, to invest or to vacation. A $50,000 Equity […]

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