by Ana Costa | Sep 6, 2024 | Announcements, Blog, Economy, Mortgage
We’re finally getting some great news on the inflation – and, consequently, the interest rate – front! Canada’s inflation rate continued its downward trajectory in July, with the headline Consumer Price Index (CPI) slowing to 2.5%, according to Statistics Canada. This...
by Ana Costa | Feb 17, 2023 | Announcements, Blog, Economy
In its very first summary of deliberations released this month, the Bank of Canada (BoC) pointed to a tight labour market, strong GDP growth and the risk of inflation getting stuck above 2% as the rationale for raising its key rate by a quarter of a percentage point...
by Ana Costa | Jan 6, 2023 | Announcements, Homeownership, Mortgage
Most regions of the country (60%) are expected to shift into balanced market territory in 2023 – a trend that’s already starting to materialize as a result of current economic conditions – after a seller’s market dominated for much of the pandemic, says RE/MAX...
by Ana Costa | Jul 15, 2022 | Announcements, Blog, Mortgage
In an effort to stabilize the economy and curtail rising inflation and hot housing markets, the Bank of Canada (BoC) has been steadily increasing interest rates – most recently on July 13th when the overnight rate rose a full percent, which was the fourth consecutive...
by Ana Costa | May 20, 2022 | Announcements, Blog, Mortgage
Looking to Buy a Home? Federal Budget Initiatives May Help 5 housing-related highlights from the federal budget: Tax-Free First Home Savings Account. Beginning in January 2023, this new account will allow prospective homebuyers to contribute up to $40,000 ($8,000 per...
by Ana Costa | Jan 24, 2022 | Announcements, Blog, Homeownership, Mortgage
New Bank of Canada (BoC) findings reveal that investors account for 19% of home purchases dating back to 2014 – steadily outpacing other types of homebuyers during the pandemic. The report, Housing Demand in Canada: A novel approach to classifying mortgaged...
