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View this RSS Feed2025-09-17 | 15:12:46
Economic Update - September 2025
The Bank of Canada dropped their overnight rate today by .25%, meaning that the bank prime rate, which affects variable rate mortgages, is now at 4.70%. We could see another .25% drop in late October, however the Bank will be monitoring inflation...
2025-08-29 | 11:51:50
First Home Savings Accounts
First Home Savings Accounts99% of the people that are reading this already own a home, so this information doesn't apply to you however if you have children or grandchildren I cannot stress enough how game-changing a First Home Savings...
2025-06-23 | 09:13:01
Update – June 23rd, 2025
Get ready for an interesting week (aren’t they all now?). We have a potentially escalating conflict in the Middle East which could affect oil prices. Over the last 50 years, whenever oil prices spike the economy slows down, however the inflation...
2025-04-22 | 07:25:34
Update ~ April 2025
The Bank of Canada took a break from cutting the interest rates last week, and the word of the day was ‘uncertain’. Their press release used that word no fewer than ten times. The Bank of Canada has a sole mandate of keeping inflation steady at a...
2024-09-16 | 11:38:19
New Mortgage Rule Changes!
The federal government announced two new mortgage rule changes today in an effort to make is easier for people to buy homes. These new guidelines will come into effect on December 15th of this year.First, purchasers will now be able to buy homes up...
2024-09-06 | 05:40:39
Interest Rate Update ~ September 2024
As widely speculated, the Bank of Canada lowered their overnight rate to 4.25% on Wednesday, and all of the retail banks dropped their Prime Rate to 6.45% in response. This is good news for Canadian borrowers as variable mortgage rates and home...
