Did you know that BC Realtors & Real Estate Agents in BC have access to an exclusive phone plan that can save you huge amounts on your monthly cell phone bill?
You'll still be on the amazing Rogers network, and can take advantage of all the regular features, like Roam like home and much much more.
Delta variant of COVID-19 drives global bond yields lower
Canadian economy unexpectedly contracts in the second quarter
Bank of Canada on hold a little longer?
Mortgage Rate Outlook
It was another quiet quarter in the Canadian mortgage market. Canadian five-year fixed rates moved essentially sideways over the summer as optimism about the end...
Canadian housing starts declined for the third consecutive month in August, but remain elevated by historical standards. Housing starts decreased by 10.5k to 260.2k units (-3.9% m/m) in August at a seasonally-adjusted annual rate (SAAR). Comparing year-over-year, starts were roughly unchanged from August of 2020 (-0.5% y/y). Single-detached housing...
Today's release of the August Consumer Price Index (CPI) for Canada posted another uptick in the year-over-year (y/y) inflation rate, but hidden in the details was some support for the Bank of Canada's position that the spike in inflation is transitory. The Bank has long suggested that the rise in prices will prove to be the result of base effects...
Canadian employment grew for the third consecutive month in August, rising by 90,000 to 18.97 million (0.5%, m/m). Most Canadian jurisdictions had fully implemented public health reopening plans by the time Statistics Canada conducted surveys, while tourists from the United States were allowed to enter Canada without quarantining for the first time...
When buying a home, there is nothing worse than having your mortgage broker or lawyer call and say “there is a problem”. If you have found your dream home and negotiated a fair price, and you have supplied all the documentation to your broker, you probably assume everything is fine.
The reality is that your financing approval is based on the informa...