Economic Insights from Dr. Sherry Cooper – March 2023
The Bank of Canada was the first major central bank to hit the pause button on rate hikes in late January. Given the slowdown in inflation in the recently released January CPI, The Bank of Canada will refrain from hiking interest rates this month. That is welcome news for homeowners ...
Preparing for the Spring Market
According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down approximately 6% from 2022, putting the average home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace. In some cases, sellers ...
Fraud Awareness Month
Did you know? March is fraud awareness month in the mortgage industry, which makes this is a great time to talk about title insurance! As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you: For those who don’t know, title fraud can ...
Economic Insights from Dr. Sherry Cooper
What the next few years will bring? Insights from Dr. Sherry Cooper Update February 2023 Even bond traders and economists are stumped about what the next few years will bring. The repercussions of a global economy that stopped suddenly, shed millions of jobs and initially contracted 30% only to rebound ...
What to Know about Second Mortgages
A second mortgage is a mortgage that is taken out against a property that already has a home loan (mortgage) on it. Generally people take out second mortgages to satisfy short-term cash or liquidity requirements, have an investment opportunity or to pay off higher-interest debts (such as credit cards and ...
Economic Insights from Dr. Sherry Cooper
Economic Insights and Real Estate Market Prospects for 2023 and beyond. What a year this has been. In the face of red-hot inflation, the Bank of Canada raised its policy rate by a whopping 400 basis points to 4.25%. First to cool was the housing market, where buyers moved to ...
Post-Holiday Debt Consolidation
Debt Consolidation Strategies. The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from ...
Alternative Lending
Explore the option of alternative lending. When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box ...
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