With the advent of the COVID-19 pandemic, Canada is in the midst of an economic downturn, unlike anything most of us have ever experienced. The Conference Board of Canada’s Provincial Economic Outlook – Preliminary Forecast Spring 2020 shows that Canadian real GDP…
Banks in Canada last month announced plans to provide financial relief to Canadians impacted by the economic consequences of COVID 19. Banks assembled quickly and made a commitment to work with their customers to provide flexible solutions to help them manage through…
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020. Highlights: Monthly home sales (CNW Group/Canadian Real Estate Association) National home sales fell 14.3% on a…
With the Bank of Canada dropping its overnight rate again in response to the COVID-19 pandemic, it would seem to be a great time to shop for a new mortgage or mortgage refinancing. This is not the case however as advertised…
Minister Morneau announces a new benchmark rate for qualifying insured mortgages February 18, 2020 – Ottawa, Ontario – Department of Finance Canada For many Canadians, their home is the most important investment they will make in their lifetime. That is why…
Today, financial rate comparison site LowestRates.ca released its 2020 Cost of Living Index, an annual report produced by the company which outlines how much it costs to live in Toronto. The index calculates transportation and housing spending for a number…
Despite technology making it easier than ever to access information, a recent CIBC poll shows that when it comes to major life events, such as getting married, buying a home, or finding a job, many respondents (63 per cent) prefer…
Desjardins Group announced today that it is acquiring the mortgage portfolio of La Capitale. The transaction, which will see 6,376 mortgages transferred to Desjardins, will close on February 1st. 2020. “I’m proud of this acquisition, which solidifies Desjardins’s position as…
While 72 percent of Canadian mortgage shoppers get mortgage advice in person, a majority would opt for a fully online mortgage to save money, according to a new survey by Rates.ca. Almost one in five mortgage shoppers say they’d be…
Thanks to investments made by the Government of Canada and the City of London, residents of London will soon have access to more safe and affordable places to call home. Today, The Honourable Ahmed Hussen, Minister of Families, Children and Social Development and the Minister responsible…
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