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Rate Watch April 2024

Today, the Bank of Canada maintained its overnight lending rate, as anticipated. Many have speculated about a potential rate cut in June, but is it truly a foregone conclusion? In the realm of mortgages, few events generate as much speculation and anticipation as central bank meetings. Every decision made by institutions like the Bank ...

The Broker Advantage: Why Choose a Broker Vs Your Banker

Buying a home is an exhilarating journey, but navigating the complexities of mortgages can often feel like getting lost in a maze. With numerous options available and conflicting advice from various sources, it’s easy to feel overwhelmed and uncertain about the best path forward. That’s where a seasoned mortgage broker steps in, offering clarity, ...

Inflation Watch March 2024: Inflation Lower Than Expected

Join me as I discuss the inflation rate for February, which came in at 2.8%, lower than the previous month and below the expected 3.1%. This indicates a positive trend influenced by the high interest rate policy of the Bank of Canada. Food prices contributed to the decrease in inflation, while gasoline prices and ...

Don't Let Credit Card Debt Cost You Your Home

Don’t Let Credit Card Debt Cost You Your Home

One of the more surprising debt problems that I’ve had to solve for a client is stopping the sale of their home due to an unpaid credit card balance. Yes you heard that right. If ignored for long enough an unpaid credit card can lead to judgment from the courts, the registration of a ...

March 2024 Bank of Canada Rate Update

No change to the BOC prime rate announced today. For the fifth consecutive meeting the Bank of Canada kept its policy rate unchanged at 5.00%. You can read the BOC press release here.   RATE FORECAST We’ve been promising rate cuts for months now. But where are they? Every single media outlet and talking ...