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January 2020 Bank of Canada Interest Rate Decision

Today was the first monetary policy meeting of the Bank of Canada in 2020. As was widely expected, the BoC opted to hold its key interest rate at 1.75 per cent. Keeping it unchanged for a 10th-straight meeting and leaving Canada with the highest rate among advanced economies. Canada charting its own course While the global ...

Being a Mortgage Newbie Doesn’t Have to Suck!

Great! You’re ready to start your journey as a first home buyer but now that also means you have to shop for your first mortgage. And we get it, being a mortgage newbie sucks (but it doesn’t have to)!    First of all, it involves math and numbers. Eeeeek! Then there is this new ...

B-20 Mortgage Rules Impact – a Look at the Stress Test

When OSFI announced the most recent tweak to mortgage rules known as B-20, there was serious concern about the impact it would have on the market. The rules which came into effect at November 1 2017 were far sweeping. There was outcry from all stakeholders… Present and would-be home owners were frenzied to position ...