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Author: tmp_editor
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Canadian Job Growth Slows in February — All Eyes on the Bank of Canada Next Week
April 9th, 2025: After several months of solid job gains, Canada’s labour market hit the brakes in February, adding just 1,100 jobs — a major cooldown compared to December and January’s robust growth. With economic uncertainty rising and trade tensions continuing to impact the outlook, this slowdown is adding further weight to expectations of a…
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Bank of Canada’s Rate Cut: What’s Next for Mortgage Holders?
March 12th, 2025: The Bank of Canada has lowered its overnight rate by 25 basis points to 2.75%, marking its seventh consecutive rate cut. While this move was anticipated, it comes amid ongoing economic uncertainty and the potential fallout from U.S. trade tensions. The central bank has signaled that further adjustments may be necessary, but…
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Bank of Canada Cuts Interest Rates: What It Means for Homebuyers and Homeowners
Jan 29th, 2025: The Bank of Canada (BoC) has officially lowered its policy rate by 25 basis points, bringing it down to 3.0%. This widely expected move comes amid ongoing economic uncertainty and growing concerns over potential U.S. trade tariffs. But what does this rate cut mean for Canadian homebuyers, homeowners, and the broader housing…
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Unlock Savings with Energy-Efficient New Builds: 25% Refund of Default Insurance Premium
Jan 24th, 2025: If you’re purchasing a new build with an insured mortgage, you could be missing out on some incredible savings. Many buyers are unaware of the potential refund opportunities available to them—and that’s where we’re here to help. Did you know that clients purchasing energy-efficient new builds are eligible for a 25% refund…
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Stress-Test-Free Low-Ratio Switches: Updates to the New Rules
Dec 17th, 2024: The Government of Canada has introduced a significant change to mortgage insurance rules, effective December 16, 2024. This update allows stress-test-free switches for low-ratio (“bulk insured”) mortgages at renewal, creating new opportunities for borrowers and reshaping how mortgage renewals are approached. What Does This Mean for Borrowers? Traditionally, borrowers switching lenders at…
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Navigating the Latest Mortgage Changes: Insights and Opportunities for 2025
Dec 12th, 2024: As we wrap up 2024 and step into the holiday season, significant changes in the Canadian mortgage industry are creating new opportunities for homeowners and borrowers alike. From interest rate cuts to the removal of the stress test for certain mortgage transfers, these updates have far-reaching implications for anyone looking to optimize…
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How the Bank of Canada’s Latest Rate Cut Impacts Your Mortgage and Savings: What Borrowers Need to Know
Oct 23rd, 2024: In a significant move, the Bank of Canada recently slashed its key interest rate by 50 basis points, marking one of the most impactful rate cuts in recent years. This decision, aimed at stimulating economic activity, has raised numerous questions about how it will affect Canadian borrowers, particularly those holding mortgages, credit…
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September Jobs Surge: Strong Employment Growth and What It Means for Rate Cuts
Oct 15th, 2024: Statistics Canada’s latest report shows a positive shift in employment for September 2024. The country added 46,700 jobs, leading to the first decline in the unemployment rate this year, now at 6.5%. This uptick in job growth includes a notable increase of 112,000 full-time positions. Despite the gains, the employment rate fell…