GTA Mortgage Pros
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Before we get to all the important information regarding a CHIP reverse mortgage, I strongly suggest you download the free guide to a reverse mortgage on our sister site. This is the most jam packed and comprehensive guide to reverse mortgages in Canada out there – if you are seriously considering this option, then this is …
In total, 16 new measures were recently introduced with regards to housing in Ontario in the past month. Now that the dust has settled, we thought we’d take a look at these and how they might impact you. Although it is unlikely that any one person will be impacted by all 16 measures, several …
This morning, the Canadian Real Estate Association (CREA) released its December national real estate statistics showing home sales rose 2.2% month-over-month in the final month of last year. This rebound retraced less than half of the decline in November, when it posted the largest monthly decline in more than four years in response to the federal tightening …
  December’s jobs report was unambiguously strong showing employment gains of 53,700 (0.3%), the result of gains in full-time work. Finally, for the first time this year, full-time jobs outpaced part-time. The unemployment rate increased 0.1 percentage points to 6.9% as more people entered the labour force. This is evidence that the economy may be …
Rarely has there been a more widely expected result as today’s 0.25 percent rate hike by the Fed. This is the second interest rate increase since the Fed started the current process of interest rate re-normalization one year ago. Although, many had called for additional hikes earlier this year, the policy makers held the overnight …
It is no surprise to anyone that the Bank of Canada maintained its target overnight rate at 1/2 percent today, judging that the underlying trend in total CPI inflation will edge upward to 2 percent starting early next year. Temporary offsetting factors, such as the fall in commodity prices and the decline in the loonie …
(From our Chief Economist – originally posted at https://dominionlending.ca/news/morneau-takes-big-guns-slow-housing/) Yesterday, Ottawa unveiled major initiatives to slow housing activity both by potentially discouraging foreign home purchases and, more importantly, by making it more difficult for Canadians to get mortgages. These new rules will come into play effective November 2016. They will target both foreign buyers and …