Mortgage BrokerYEG
Bank of Canada Raises Rate by 50bpts
As expected, the Bank of Canada has raised its key lending rate by 50 basis points, bringing it to 1.50%. This will increase the prime...
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Mortgage BrokerYEG
- Jun 2
- 3 min
House Price Growth to Moderate but Remain Elevated this Year, Says CMHC
Despite rising interest rates, Canada’s national housing agency says it expects the pace of growth for both home sales and prices to...
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Mortgage BrokerYEG
- Apr 12
- 3 min
What's in the Federal Budget for Home Buyers?
The federal government has earmarked more than $10 billion in new spending for housing-related initiatives, much of which is focused on...
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Mortgage BrokerYEG
- Mar 15
- 3 min
What Factors Could Impact Canada’s Housing Market Going Forward?
Just as the pandemic-era uncertainties are finally starting to diminish, Canada’s housing market is facing a new set of risks. Soaring...
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Mortgage BrokerYEG
- Mar 4
- 3 min
The Bank of Canada Finally Pulls the Rate-Hike Trigger
Written by By Mark Kerzner, President & CEO TMG The Mortgage Group So, they have finally gone ahead and done it. The Bank of Canada has...
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Mortgage BrokerYEG
- Feb 27
- 2 min
Inflation Hits 30-Year High, Driven in Small Part by Rising Home Prices
If there was any remaining doubt about a Bank of Canada rate hike at its next meeting in March, that quickly evaporated with the release...
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Mortgage BrokerYEG
- Feb 6
- 1 min
What Income Qualifies At This Time?
The stress test rate right now is 5.25% so all is based upon that rate... CONDOMINIUM - $250,000 Purchase Price Assuming: 5% down...
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Mortgage BrokerYEG
- Jan 4
- 2 min
What To Expect From Canada's Real Estate Market in 2022
First I'd like to wish you a very happy, healthy and prosperous 2022! Not many forecasters anticipated the extent of the housing...
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Mortgage BrokerYEG
- Dec 16, 2021
- 3 min
2021 Ends with No Bank of Canada Rate Hikes. What does 2022 Have in Store?
2021 Ends with No Bank of Canada Rate Hikes. What Does 2022 Have in Store? At its final rate decision meeting of the year, the Bank of...
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Mortgage BrokerYEG
- Nov 1, 2021
- 3 min
Bank of Canada Moves Up Rate Hike Forecast Over Inflation Concerns
Bank of Canada Moves Up Rate-Hike Forecast Over Inflation Concerns NOV 1, 2021 The Bank of Canada left interest rates unchanged last...
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