September 18, 2024  The Fed split the difference, relative to market expectations, by cutting rates by 50 bps today, but projecting only more gradual cuts from here on out. Mortgage rates are unlikely to move much today as markets had priced in aggressive expectations for rate cuts ahead of time. The Fed chose the more aggressive of two […]

Whether you’re looking to sell your home this year, or just want to make some updates, I have put together six small home improvements that can make a BIG impact on your space! From improving salability to refreshing your home, here are some simple and affordable ideas to help get you started: Painting: One of […]

Borrowers experienced a slight reduction in homeownership costs in the first quarter, despite affordability remaining near its worst level ever. Small declines in fixed mortgage rates and homes prices earlier in the year helped reduce the average cost of all housing types to 60.9% of median income in Q1, down from 63.8% in the previous quarter, according […]

JENNIFER DOWTY PUBLISHED MAY 16, 2024 50 LISTEN TO THIS ARTICLE Major North American equity indexes are at or near record highs. With the earnings season largely behind us, investors will be focusing on economic data and announcements by central banks to provide direction to the markets. At the start of the year, CIBC’s CM-T +0.30%increase deputy […]

  The Canadian Real Estate Association (CREA) announced today that national home sales dipped in April 2024 from its prior month, as the number of properties available for sale rose sharply to kick off the spring housing market. Home sales activity recorded over Canadian MLS® Systems fell 1.7% between March and April 2024, a little […]

One of the important factors in home ownership is understanding things like your credit score.  Some people don’t pay much attention to this metric until they begin the mortgage discussion! However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at the […]

There was little fanfare earlier this year as financial institutions started making the new First Home Savings Account (FHSA) available to their clients. But now that the product is better understood, it’s being hailed by some as “the greatest deal in the history of Canadian savings.” At least that’s according to David Chilton, the bestselling […]

Looking back at 2023, Canadian mortgage holders faced challenges due to rising interest rates, following increases in 2022. In 2023, three more rate hikes occurred, affecting variable-rate borrowers and those renewing mortgages. About 40% of mortgage holders already renewed at higher rates, and a significant renewal challenge is expected in 2024 and 2025, with $251 […]

Mortgage fraud poses a persistent challenge within the real estate industry, frequently ensnaring unsuspecting homeowners. The issue has grown more pronounced as lenders intensify their scrutiny to combat fraudulent practices. This report explores the repercussions of heightened lender audits on homeowners. During the second quarter of 2023, there was a 54% increase in falsified financial […]

If you aspire to lead a financially peaceful and stress-free life, consider this message: “By removing direct involvement with traditional banks, you can achieve a more streamlined financial journey. Entrust your banking needs, especially when it comes to securing your dream home through an ideal mortgage, to a knowledgeable Mortgage Broker. Their expertise lies in […]