The Signs are Here: Adapting to Canada’s Economic Shifts for Smart Mortgage Decisions
In recent weeks, Canada’s economic landscape has undergone subtle yet significant shifts, signaling a moment of caution and reevaluation for homeowners and potential buyers alike. March witnessed an unexpected rise in the unemployment rate to 6.1%, a clear signal that the job market is feeling the pressure. This development, juxtaposed with a stagnant job growth, […]
Canada’s Inflation Cools in February: A Surprising Twist in the Economic Tale
In a surprising twist, Canada’s annual inflation rate decelerated to 2.8% in February, defying economists’ expectations of a rebound after January’s 2.9% figure. This slowdown was influenced by reduced price increases in key areas such as cellular services, groceries, and internet access, according to the latest report from Statistics Canada. Despite the overall easing, rent […]
Time to Buy is Now: Navigating the Spring Housing Market Surge
As the spring housing market looms on the horizon, potential homebuyers are facing a crucial decision point. With expert insights pointing towards an imminent heating up of the market, the message is clear: the time to buy is now. According to industry expert Leah Zlatkin, a notable mortgage broker and Lowest Rates authority, those already […]
Thrilled to partner with BMO as one of the first mortgage agent onboarded in Canada, broadening your mortgage possibilities! 🇨🇦
We’re thrilled to announce our partnership with BMO, positioning us as one of the first mortgage agents in Canada to be onboarded! This exciting collaboration means we’re now able to offer you an even wider array of mortgage options tailored to meet your unique needs. Wondering how this could benefit you? Get in touch with […]
Canadian Economy Grows: Expert Insights on When Interest Rates Might Drop
The Canadian economy experienced modest growth in the final quarter of 2023, expanding by one percent on an annualized basis, as reported by Statistics Canada. This growth came after a contraction in the third quarter, indicating a degree of resilience in the economy. Economists have provided various interpretations of this data, focusing on its implications […]
Canada’s Inflation Takes a Welcome Dip: Nearing Bank of Canada’s Ideal Target
Canada’s inflation rate experienced a significant drop in January, settling at 2.9%, which falls within the Bank of Canada’s target range of 1-3%. This decrease from December’s 3.4% was unexpected and surpassed economists’ predictions of a 3.3% rate, as well as the central bank’s own forecast of 3.2%. The main driver behind this reduction was […]
Navigating the Resurgence of Canada’s Housing Market: Insights for Home buyers and Investors
As Canada’s housing market shows signs of revitalization after a prolonged period of downturn, several factors including pent-up demand, a persistent shortage of housing, rising rental costs, and the anticipation of interest rate reductions are setting the stage for a potential surge in the real estate sector. This resurgence, however, poses a challenge to the […]
Decoding Closing Costs: Your Guide to a Stress-Free Home Purchase with TopRankinMortgages
The journey to homeownership is a landmark event filled with excitement and aspirations. Yet, to traverse this path with confidence, it’s critical to unpack the details of every facet involved, particularly closing costs. This article is crafted to clarify the concept of closing costs, providing you with a clear understanding, detailed breakdown, and expert insights, […]
Bank of Canada keeps key rate at 5%
The Bank of Canada has maintained its key interest rate at 5%, marking the fourth consecutive hold, and signaled a significant shift in its monetary policy stance, moving away from the likelihood of further rate hikes. This decision reflects the central bank’s assessment of the Canadian economy’s transition into a phase of “excess supply,” which […]
First Home Savings Accounts (FHSA): A Game Changer for Canadian First-Time Homebuyers
The journey to homeownership is an exciting milestone. However, for many first-time homebuyers in Canada, accumulating enough savings for a down payment remains a significant hurdle. Thankfully, the Canadian government has introduced a new initiative to support aspiring homeowners: the First Home Savings Account (FHSA). What is the First Home Savings Account (FHSA)? Launched in […]
