The Bank of Canada has just announced a jumbo 0.5% rate cut, double the usual 0.25%. This bold move is aimed at boosting the economy and could have a big impact on your mortgage, loans, and overall borrowing costs...

The Canadian economy, more sensitive to interest rates, has slowed sharply due to the Bank of Canada’s measures to curb inflation to 2%....

As we welcome the new year, it’s the perfect time to focus on your home and financial well-being. Small steps now can make a big difference in security, stability, and peace of mind...

The unemployment rate in Canada climbed to 6.8% in November 2024, up from 6.5% in October. This was higher than the expected 6.6% and marks the highest rate since September 2021...

Feeling overwhelmed by clutter? Let’s bring calm and order to your home with these easy and practical tips...

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The Consumer Price Index (CPI) increased by 2.0% YoY in October, up from 1.6% in September. Excluding gasoline, the CPI rose 2.2%, maintaining the same growth rate as in August and September...

Here’s the truth: with a Canadian Reverse Mortgage, your kids have clear options. If you pass away, they can choose to **keep the home** by either paying off the reverse mortgage in cash or taking out a traditional mortgage...

October Jobs Report Highlights Canada added only 14,500 jobs in October—well below the expected 27,200 increase, marking the slowest job growth of the year. The jobless rate remained steady at 6.5%, a bit lower than expected...

This one’s not so clear-cut. Yes, setting up a Canadian Reverse Mortgage involves costs like a property appraisal and independent legal advice to protect your interests...

Refinancing can be a smart financial decision, and as your mortgage advisor, I’ve seen the incredible benefits for homeowners firsthand...

This one’s easy to tackle! Canadian reverse mortgages come with a No Negative Equity Guarantee—meaning you’ll NEVER owe more than the fair market value of your home as long as you keep up with your mortgage obligations...

Looking to add a personal touch to your gifts this holiday season? Here are some creative, affordable, and thoughtful DIY ideas that anyone can enjoy...

Let’s unpack this. Are Canadian Reverse Mortgage rates higher? Sure, they’re slightly above traditional A-Lender rates, but they’re on par with your average Home Equity Line of Credit (HELOC). And the **benefits?** Next level...

Mortgage Renewals in 2024-2026 Canada's so-called "mortgage renewals cliff" might be manageable, thanks to recent rate cuts by the Bank of Canada. With a 75 bps drop through September and an additional 50 bps in October, many mortgages won’t renew at higher rates next year...

It’s a common misconception that taking a reverse mortgage means losing ownership. But in Canada, reverse mortgages are different and strictly regulated by the federal government! 🇨🇦...

The Canadian government’s new 2025–2027 Immigration Levels Plan signals a shift toward balanced population growth to stabilize both housing demand and the economy. Originally, immigration targets aimed to address labor shortages ...

The Bank of Canada has just cut its overnight rate by 50 basis points, bringing it down to 3.75%! This is a huge development for homeowners, buyers, and anyone with a mortgage. Here’s a deeper dive into what this means for you:The Bank of Canada has just cut its overnight rate by 50 basis points, bringing it down to 3.75%! This is a huge development for homeowners, buyers, and anyone with a mortgage. Here’s a deeper dive into what this means for you...

With mortgage rates still high and economic uncertainty in the air, you may be wondering how Canadians are managing their mortgages. Let’s take a deep dive into one important factor: mortgage arrears...

Employment grew by 46,700 jobs, marking the first decline in the unemployment rate this year. After months of little change, it's great to see some positive movement...

In September 2024, national home sales increased slightly by 1.9%, reaching the highest level since July 2023. Major markets like the Greater Toronto Area, Vancouver, and Montreal led the way...

Inflation continued to ease across Canada in September, with gasoline prices playing a big role, dropping by 7.1% from August. This pushed energy inflation to -10.7% year-over-year, bringing headline CPI down to 1.6% from 2% in August...

The Bank of Canada has been cutting rates throughout the summer and into September, and I wanted to update you on what this means for your mortgage...

September brought two major developments that will positively impact Canadian housing activity...

Despite the Bank of Canada lowering interest rates, many Canadians still feel the pressure from rising living costs and inflation. If you’re feeling the stress, don’t worry—I’ve got some practical tips to help you manage and navigate these changes...

The Federal Government has just announced major updates to mortgage default insurance eligibility, effective December 15th! This is great news for first-time homebuyers, especially those with less than 20% down....

National home sales increased in both June and August 2024 after the Bank of Canada’s two interest rate cuts. However, the overall market remains mostly flat, with home sales up just 1.3% month-over-month in August, the highest level since January....

Canada's annual inflation rate slowed down for the third month in a row, reaching 2% in August 2024. This is the lowest rate since February 2021, and it slightly beat forecasts of 2.1%, hitting the central bank's target for the first time in over three years....

As the Bank of Canada continues to cut interest rates, housing activity has remained relatively weak. In July, existing home sales were below historical averages, with new listings slightly increasing. Prices have plateaued, and residential mortgage originations remain slow....

Even in a seller’s market, there are ways to boost your chances of receiving more offers and selling your home for top value. Check out these expert tips to make the best first impression possible...

Canada’s labour market continues to cool as the unemployment rate reached 6.6% in August, the highest since May 2017 (excluding pandemic years). Here’s a quick look at the key takeaways...

The initial rate cuts by the Bank of Canada this summer didn’t spur the expected housing activity. However, with more cuts potentially on the way, we anticipate an increase in new listings as sellers who held back may now enter the market...

The Bank of Canada has just lowered its target for the overnight rate to 4.25%, continuing its efforts to normalize the balance sheet. Here's a quick breakdown of the key points....

Global financial markets have been incredibly volatile lately, and it's already impacting Canadian interest rate forecasts. TD, CIBC, and BMO have all updated their predictions, now expecting the Bank of Canada to cut rates faster and deeper over the next 16 months...

According to a survey, over 84% of Canadians aged 18 to 38 believe that owning a home is a worthwhile investment, and 54% think it’s an achievable goal...

The Greater Toronto Area just hit a record with 11,079 condo units available for sale in July—the highest number ever for any month! Despite this, prices have remained relatively stable, dropping only a modest 3% compared to last year...

Canada’s jobless rate held steady at 6.4% in July, but overall employment dipped, signaling that the economy is slowing down...

In July 2024, Canada's inflation rate dropped to 2.5%, the lowest since March 2021, aligning with the Bank of Canada's expectations. Here’s what contributed to this decline...

All eyes were on the Bank of Canada last month as they cut interest rates by 25 basis points during their July 24th meeting, bringing the overnight policy rate down to 4.5%....

Dreaming of being mortgage-free? Here are some effective ways to pay off your mortgage quicker...

Canadian lenders are cutting fixed mortgage rates following a drop in bond yields, providing relief to mortgage shoppers. The drop in Government of Canada bond yields, which influence fixed mortgage rates, has led to these rate cuts....

Climate change and energy efficiency are increasingly important. Here are some great ways to cut energy costs and reduce your eco-footprint:...

Great news for home buyers and sellers in the Greater Toronto Area! In July 2024, home sales were up compared to the same month last year. This increase is likely influenced by the recent Bank of Canada rate cuts in June and July, with borrowing costs expected to decline even further...

The Bank of Canada has cut its rate to 4.50%, down from 5.00%. Governor Tiff Macklem hints at more cuts if inflation continues to ease....

Selecting the right mortgage involves not only the term length but also understanding the difference between open and closed mortgages. Let's dive in....

The Bank of Canada lowered interest rates for the second time on July 24th 2024, dropping the benchmark rate to 4.50%. Another cut is likely in September, according to CIBC's Benjamin Tal...

Understanding down payments is a vital aspect of the home-buying process. Let's discuss the importance of down payments and how to optimize your investment...

Price Increase Despite Slowdown Home prices in Canada rose by 1.9% in Q2 2024, reaching $824,300, despite a drop in sales. Prices were up 1.5% from the previous quarter.....

The Bank of Canada just cut the policy rate by 25 basis points to 4.5%. This move is expected to breathe new life into the slow market, making mortgages more affordable and boosting buyer confidence....

Rate Cut Boosts Canada’s Housing Market June home resales in Canada picked up 3.7% from May but remain within the range they’ve been since spring 2023 and are still 9% below pre-pandemic levels....

U.S. Financial Markets Boost U.S. financial markets received a boost today with a lower-than-expected inflation reading, marking the lowest level since May 2020....

Record High Listings Toronto’s condo market continues to cool, hitting another record high in available listings. Will this ease the housing shortage .....

The annual inflation rate in Canada eased to 2.7% in June, surprising expectations that it would hold steady at 2.9%. This marks a continuation of the disinflation trend we've seen in Canadian consumer prices....

With the recent Bank of Canada rate drop, many are eyeing the housing market, expecting further rate decreases. If you’re considering entering the market this summer, keep these key points in mind...

We all invest a lot into our homes, so let's enjoy them to the fullest this summer! Here are my top 5 tips to create the perfect staycation paradise...

Today, Statistics Canada released weaker-than-expected employment data. Canada shed 1,400 jobs in June, following a 26,700 increase in May. Economists had predicted stronger numbers. The jobless rate rose to 6.4%, the highest since 2017 (excluding the pandemic)...

Canada’s mortgage market is gearing up for a wave of renewals in the next two years, with the Office of the Superintendent of Financial Institutions (OSFI) flagging the risks posed by persistent high interest rates. Borrowers with variable-rate mortgages, especially those in negative amortization, are of "specific concern....

Payment shocks at renewal due to shorter mortgage terms have become a growing concern for many Canadians. This has led to questions about whether adopting longer mortgage terms, like those in the U.S., would provide greater financial stability.....

The last month of housing market activity before the Bank of Canada’s interest rate cut in early June saw sluggish sales in May. Recently released CREA figures showed a marginal 0.6% climb in national home sales for May, with actual activity down 5.9% year over year, and the MLS Home Price Index dipping by 2.4%....

Creating a pet-friendly home is all about ensuring the comfort, safety, and well-being of your furry friends. Here are some key features to consider...

Looking to buy your first home? Thinking about making a move? Here's how to make the mortgage process easier...

In this episode of Mortgage Market Minute, you'll learn about the latest Canadian economic data and what it means for potential interest rate cuts in July. With key indicators pointing towards a softer economy, the Bank of Canada .....

In this episode of Mortgage Market Minute, we dive into the latest Canadian Unemployment report and discuss its implications for future interest rate decisions. With the recent slowdown in employment growth and the potential for further rate cuts....

The Bank of Canada has just reduced the policy rate by 25 basis points to 4.75%! This is a positive step for Canadians, potentially lowering borrowing costs and making mortgages more affordable. Stay tuned for more updates and what this means for your financial plans...

Canadian inflation has dropped significantly over the past four months. Excluding shelter, it's just 1.6%. The job market was strong in April...

In this episode of Mortgage Market Minute, we review the latest Canadian inflation data and its implications for future mortgage interest rate cuts. With inflation easing to a 3-year low and ongoing economic shifts, we explore what this means for the mortgage market and potential ....

In this episode of Mortgage Market Minute, we delve into the surprising strength of April's employment data and its impact on the Canadian mortgage market. Despite significant job gains, the unemployment rate remains at 6.1% due to a near-record increase in population. We also analyze the upcoming Bank of Canada's interest rate decision and how recent economic data may influence their move....

Canadian Labour Market Update - April 2024Canada's job market outperformed expectations in April, adding 90,000 jobs, a 0.4% increase, with the unemployment rate holding steady at 6.1%...

In this episode of Mortgage Market Minute, we dive into the recent federal budget changes in Canada, which introduce a significant tax hike on capital gains. We also assess the current stability in mortgage rates and look ahead to upcoming economic indicators that could impact the mortgage market. Join Alexander Gasenko, your trusted Canadian mortgage broker, as he explains these important updates...

The Bank of Canada's Governing Council faced a divergence in opinions regarding this year's rate cuts during their deliberations before the March press release. However, the February inflation data pointed towards an imminent need for rate adjustments, given the significant slowdown in both inflation and the economy....

 April brought more choices for homebuyers in the GTA! Despite a dip in home sales compared to last April, new listings surged by 47.2%, keeping prices stable. ...

In April 2024, the S&P Global Canada Manufacturing PMI saw a decline of 0.4 points from the previous month, settling at 49.4 . This marked the twelfth straight month of contraction in Canadian manufacturing, a notable deviation from...

Do you want to know how to get the best possible rate on your mortgage renewal? This video is filled with easy-to-follow tips to help you handle your mortgage renewal like a pro. What you'll learn in this video....

Summary of Bank of Canada Deliberations Current Status: Inflation: Holding steady at around 3% for now, expected to drop below 2.5% by year-end....

Canada's Annual Inflation Edges Up**: After hitting an eight-month low at 2.8% in February, the inflation rate ticked up slightly to 2.9% in March 2024. This rate is below market expectations but aligns with the Bank of Canada’s forecast, suggesting a steady economic landscape...

Spring is almost here, and with it comes the bustling housing market! Whether you're planning to buy, sell, or simply want to ensure your mortgage is in top shape, being prepared is key....

In this episode of Mortgage Market Minute, we delve into the recent spike in Canadian unemployment rates and its potential impact on interest rates. With unemployment reaching its highest level since October 2021...

The Bank of Canada's Governing Council faced a divergence in opinions regarding this year's rate cuts during their deliberations before the March press release. However, the February inflation data pointed towards an imminent need for rate adjustments, given the significant slowdown in both inflation and the economy....

March's home sales dipped by 4.5% due to Good Friday's timing, with a moderate price rise due to steady buyer competition. Sales hit 6,560, while new listings grew by 15% from last year...

In this episode of Mortgage Market Minute, we dive into the recent positive surprise in Canadian inflation and what it means for future interest rates. With inflation easing more than expected, the Bank of Canada might not need to maintain high interest rates much longer. Plus, we discuss the anticipated mortgage rate cuts and the upcoming Canadian unemployment rate report....

In anticipation of potential interest rate declines, many prospective homebuyers are wondering if qualifying for a new mortgage will become easier. However, upcoming changes from the Office of the Superintendent of Financial Institutions (OSFI) may complicate these plans. Beginning in the first quarter of 2025, a new loan-to-income (LTI) cap will be implemented to prevent banks from extending .....

February provided valuable insights into the trajectory of Canada's housing market. The optimism among buyers and sellers, fueled by expectations of an impending rate cut by the Bank of Canada, temporarily halted the downward trend in prices that persisted since last summer. However, this positive outlook has yet to translate into a consistent rebound in activity, as the pandemic-induced affordability crisis continues to constrain buyers.

Looking for the top mortgage deal in Toronto or anywhere in Ontario? You might be wondering: "Should I go to my bank or mortgage broker?" Dive into this video to see why having a broker by your side can make all the difference...

Are you considering a reverse mortgage in Toronto, Ontario, or anywhere in Canada? Get clear insights into Canadian reverse mortgages for seniors as we address common questions and concerns. Discover the truths about maintaining home ownership with a Canadian reverse mortgage...

Understanding your credit score is a key step in your homeownership journey. Your credit score plays a pivotal role in qualifying for the best mortgage rates and enhancing your purchasing power. Let's dive into some essential tips to boost your credit score!

Canada's annual inflation rate takes a dip to its lowest in eight months, falling to 2.8% in February 2024 from January's 2.9%. This pleasant surprise not only surpassed market forecasts of a 3.1% increase but also sets the stage for potential monetary easing by the Bank of Canada (BoC) later this year.

Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial for your financial well-being. Let's dive into common mortgage fraud scams and how you can shield yourself!

The Bank of Canada's focus remains on taming inflation, and the new year brings some positive developments. In January, year-over-year inflation saw a decline to 2.9%, a welcome shift from December's 3.4%. Factors like falling energy prices and a slowdown in certain sectors contributed to this easing.

Are you considering a fixed or variable rate mortgage in Canada? Let's compare the two options:

Embarking on your homebuying journey? Familiarizing yourself with the mortgage application process is essential for a smooth experience. Let's break it down into simple steps:

A strong credit score is a powerful tool in your financial toolbox. When it comes to securing a mortgage, your credit score can make all the difference. Here's why a good credit score matters:

In this video, I explain Private Lending. I'll cut through the noise to describe the unique attributes of Private Lenders, highlighting how they might be a perfect fit for seasoned investors or builders. Learn about their risk-taking strategy and why it might make sense to consider Private Lending for your mortgage needs.

Unlock the secrets of mortgage A-Lenders in this video! We'll shine a light on the often confusing world of mortgage lenders and explain why A-Lenders could be your go-to choice when seeking a mortgage. Discover who these lenders are, why their rates are typically lower, and the benefits you could reap by opting for an A-Lender for your mortgage needs.

Dive into the world of mortgage B-Lenders (Alternative A-Lenders) in this informative video! I'll explain the often misunderstood world of B-Lenders, clarifying what they are and how they can be a viable option for your mortgage needs. Explore why these lenders may be more suitable for some borrowers, their benefits, and the scenarios in which you might want to consider a B-Lender over an A-Lender.