Economic Insights from Dr. Sherry Cooper
As the Bank of Canada cuts interest rates, housing activity has remained relatively weak. Existing home sales were well below historical averages in July, while new listings edged upward. Prices have plateaued, and residential mortgage originations are tepid. Mortgage balances grew by 3% annually in Q2, the second slowest quarterly ...
2024 Fall Market Outlook
The initial Bank of Canada rate cuts this past summer did not spur housing activity as anticipated, but potentially more on the way will continue to affect the housing market outlook. New listing levels are expected to rise as sellers who may have held back enter the market with the ...
Economic Insights from Dr. Sherry Cooper
All eyes were on The Bank of Canada last month as they cut interest rates by 25 basis points again during their July 24th meeting, thereby taking the overnight policy rate down to 4.5%. We believe that owing to a sustained deceleration in inflation, the central bank will continue its ...
How to Pay Off Your Mortgage Faster
When it comes to homeownership, many of us dream of the day we will be mortgage-free. While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker! Did you know? There are a few ways you can help pay off your ...
Economic Insights from Dr. Sherry Cooper
The Bank of Canada finally began an easing cycle on June 5, taking their overnight policy rate down 25 bps to 4.75%--the first major central bank to do so. The housing market has languished over the past year with extremely weak affordability. The Multiple-Listing Service Home Price Index fell again ...
5 Ways to Turn Your Home into a Staycation Paradise
We all invest a lot into our homes, so we want to make sure we are enjoying them to the fullest all year long. As we head into the prime of summer, there is no better time to update your space to turn it into the perfect staycation paradise so ...
Entering the Housing Market
With the first Bank of Canada rate drop having occurred in June, many individuals are looking at the housing market with renewed vigor and an expectation that rates will continue to come down to a more sustainable level. If you are someone who is considering entering the housing market this ...
Mortgage Pre-Approval vs. Pre-Qualification
Looking to buy your first home? Thinking about making a move? Whatever your goals, when it comes to getting a mortgage, there are a few things you can do in advance to make the mortgage process easier! Getting Pre-Qualified: The purpose of mortgage pre-qualification is to help you get a ...
