Thank you to our Chief Economist, Sherry Cooper, for the below insight!  You’re the best! – Bob The Bank of Canada held the target overnight rate at 1.75% for the sixth consecutive decision and showed little willingness to ease monetary policy, as stronger domestic growth offsets the risk of mounting global trade tensions. There has […]

….. From our Economist Dr Sherry Cooper, thank you Sherry!    Following Months of Booming Jobs Growth, Gains Stall in June   After a long stretch of stronger-than-expected Canadian jobs growth, it is not surprising that this notoriously volatile data series took a breather. There was little change in the number of employees in both […]

Some food for thought here for sure …… WHO REALLY SETS INTEREST RATES? A recent article in the Huffington Post addressed the pricing strategy for the Big Six Banks, BMO, CIBC, National Bank, RBC, Scotia and TD and who really sets interest rates.  RBC announcing a rate drop in January and the other banks soon […]

Dave has some really great points here, thank you Dave!   4 HOME IMPROVEMENTS THAT WILL PAY YOU BACK Some home improvements provide more of a payback when you sell the house down the road. Here’s a list of the four home improvements which will provide the biggest payback when you sell.  Adding square footage […]

This is a great program if you are trying to get into the market. Informative article from my colleague Angela. Worth checking out. How to get a 5% down payment for a $500,000 purchase We have seen a return of the buyers’ market and many people are asking, how long will this last? While some […]

Have you heard about the New First Time Home Buyers Plan being released by the Federal Government?  See below for link as well as details. https://www.theglobeandmail.com/politics/article-new-incentive-for-first-time-home-buyers-to-launch-sept-2/ https://globalnews.ca/news/5393428/first-time-home-buyer-incentive-details/   High Points: Reduces the maximum amount a buyer can borrow available to first-time home buyers with household incomes of less than $120,000. The amount of the insured […]

May Shows Signs of Improvement In BC and Alberta Statistics released late last week by the Canadian Real Estate Association (CREA) show that national home sales increased in May. Together with monthly gains in the previous two months, activity in May reached its highest level since early last year when the new B-20 stress testing […]