Author: tmp_editor

  • Canadian Inflation Fell in June, Setting the Stage for Bank of Canada Rate Cut

    Canadian Inflation Fell in June, Setting the Stage for Bank of Canada Rate Cut

    July 16th, 2024: June brought encouraging news for the Canadian economy as inflation unexpectedly declined by 0.1%. This marked the first decrease in six months and sets the stage for a potential interest rate cut by the Bank of Canada (BoC). In this blog, we will delve into the details of this inflation report, explore…

  • U.S. Inflation Eases in June: Positive News for Canadian Mortgage Borrowers

    U.S. Inflation Eases in June: Positive News for Canadian Mortgage Borrowers

    July 12th, 2024: The latest economic data from the U.S. brings promising news for Canadian mortgage borrowers. In June, U.S. inflation eased significantly, reaching its lowest level since May 2020. This development not only impacts the U.S. economy but also carries significant implications for Canadian mortgage rates. U.S. Inflation Trends June witnessed a notable decline…

  • Reverse Mortgages: A Financial Solution Made for Today

    Reverse Mortgages: A Financial Solution Made for Today

    May 28th, 2024: As the economic landscape continues to challenge retired Canadians, reverse mortgages are emerging as a viable financial solution. With soaring inflation and volatile equity markets, many retirees are struggling to maintain their standard of living on a fixed income. Traditional financial options like taking on debt or cashing out investments often come…

  • June Rate Cut: A Close Call Despite Lower Inflation in April

    June Rate Cut: A Close Call Despite Lower Inflation in April

    May 21st, 2024: The economic landscape is constantly shifting, and one of the most closely watched indicators is the inflation rate. In April, Canada’s headline inflation rate eased to 2.7%, down from 2.9% in March. This reduction has sparked discussions about the possibility of a Bank of Canada rate cut in June. However, despite this…

  • Insights into Canada’s Economic Landscape: Survey Reveals Recession Expectations and Housing Needs

    Insights into Canada’s Economic Landscape: Survey Reveals Recession Expectations and Housing Needs

    April 24th, 2024: In a recent survey conducted by the Bank of Canada, financial experts unveiled a shift in recession expectations, coupled with insights into the nation’s housing market needs. The findings, derived from the Bank of Canada’s quarterly Market Participants Survey, provide valuable insights into the economic trajectory of the nation. Decrease in Recession…

  • Understanding the Current Mortgage Rate Trends: A Closer Look

    Understanding the Current Mortgage Rate Trends: A Closer Look

    April 18th, 2024: As homeowners with variable-rate mortgages eagerly await potential rate cuts from the Bank of Canada, the fixed-rate market is witnessing a different trajectory: an upward trend. Since early October, Government of Canada bond yields, which serve as a leading indicator for fixed mortgage rates, experienced a significant drop of 125 basis points,…

  • Empowering First-Time Buyers: Canada Extends Mortgage Amortization and RRSP Withdrawal Limits

    Empowering First-Time Buyers: Canada Extends Mortgage Amortization and RRSP Withdrawal Limits

    In a recent announcement, Finance Minister Chrystia Freeland unveiled significant measures aimed at easing the path to homeownership for first-time buyers across Canada. Effective August 1, the federal government will extend the allowable amortization period for insured mortgages on newly constructed homes to 30 years, a welcome relief for many aspiring homeowners grappling with soaring…