A panel of experts recently discussed the housing supply crisis in Canada and proposed potential solutions. The Canada Mortgage and Housing Corporation (CMHC) has estimated that an additional 3.5 million housing units need to be built by 2030 to achieve…
As economic risks increase, the Office of the Superintendent of Financial Institutions (OSFI) in Canada has announced that banks will be required to hold a higher amount of capital to safeguard against potential future losses. Starting from November 1, the…
Inflation hits 2-year low due to base effects, but unlikely to prevent another Bank of Canada rate hike As predicted, Canada experienced a decline in its headline Inflation rate in May, reaching a two-year low. The decrease can be attributed…
Life is full of unexpected twists and turns, and sometimes financial difficulties arise, making it challenging to meet our obligations, including late mortgage payments. If you find yourself in a situation where you’re struggling to make timely mortgage payments, don’t…
The Canadian fixed mortgage market has witnessed another round of mortgage rate hikes as bond yields surge, impacting mortgage lenders across the country. This article delves into the recent rate increases and their implications for borrowers, considering the factors driving…
The latest news in the mortgage industry reveals that fixed mortgage rates continued to rise this week, although at a slower pace. Major banks have increased their posted rates for 2- to 4-year terms, with most advertising 1-year rates above…
The unemployment rate has increased to 5.4% despite the growth in the number of jobs. However, the Bank of Canada is still expected to proceed with a planned rate hike. In June, 60,000 new jobs were created, surpassing analysts’ expectations.…
Fixed mortgage rates are continuing to increase, driven by rising bond yields. The yields reached a significant level of 4% after strong employment data was released in Canada and the U.S. Although they later dipped slightly, bond yields have been…
Now you can listen to our blog post, “Instant Loans in 30 Minutes: A Comprehensive Guide to Lenders in Canada” while on the go. In today’s fast-paced world, financial emergencies can arise unexpectedly, leaving many individuals in need of immediate…
Now you can listen to our blog post, “RESP for Lifelong Learning in Canada” while on the go. When it comes to saving for education, a Registered Education Savings Plan (RESP) is a valuable tool for Canadian families. While RESPs…
