The Bank of Canada Kicks off 2025 with a Rate Cut—what’s Next
The Bank of Canada (BoC) has officially cut its policy rate by 0.25%, a move that markets widely expected. But from here, things get more complicated. How will the Canadian economy respond to ongoing tariff talks and uncertainties surrounding the new U.S. President? The BoC outlined its perspective in the Q1 2025 Monetary Policy ...
Financing Laneway Houses in Toronto: a Game-changing Opportunity
Laneway houses have become a rising star in urban living. These compact, stylish, and functional homes are popping up everywhere in neighbourhoods like Leslieville, Toronto. They’re not just trendy—they’re a solution to some of the city’s most pressing challenges, such as affordable housing and better use of urban spaces. If you’re wondering why laneway ...
Boc Delivers a Jumbo 50bps Rate Cut
BoC delivers a 50bps rate cut just in time for the holidays. This morning, all eyes were on the Bank of Canada as they announced their final interest rate decision for the year. 👉 Click here to read the full Bank of Canada press release. The lead-up to today’s announcement was anything but predictable. ...
Defining Who’s a First-time Home Buyers (fthbs)
Exciting changes are coming for first-time home buyers (FTHBs) in Canada! Starting December 15, 2024, new rules will allow first-time homebuyers to extend their amortization to 30 years. This applies to those who put down less than 20%, making it easier for many Canadians to own homes. It lowers their monthly payments and helps ...
Big News for First-time Homebuyers: What the New 30-year Amortization Means for You
If you’re a first-time homebuyer, mark December 15th on your calendar because a major change is coming that could boost your budget and make homeownership more affordable. Starting on that date, qualified first-time buyers will be able to purchase a home with less than 20% down and spread their mortgage payments over 30 years. ...
Canada’s Economy in August: Flat As Interest Rates Weigh on Growth
In August, Canada’s economy didn’t see much movement, remaining flat as high interest rates continued to place pressure on consumers and businesses. Statistics Canada’s recent GDP report reveals that while services-producing industries experienced some growth, this was counterbalanced by a slowdown in goods-producing industries. Sectors Feeling the Squeeze The manufacturing sector ...