Finance

Economy

Record-Breaking Population Growth Means More Expensive Homes: Economists

In 2023, Canada saw its highest population growth since 1957. While immigration is vital to the country's vibrant fabric and social and economic health, simply put, more people means more expensive housing. ​

Mortgages

HELOCs, Reverse Mortgages, and HESAs: Which Is Right For You?

Canadian homeowners have Home Equity Lines of Credit (HELOCs), reverse mortgages, and Home Equity Sharing Agreements (HESAs) available to them — but these options aren’t one-size-fits-all.

Mortgages

What The Interest Rate Cut Means For Canadians: Experts

This morning, Canada’s central bank said it would drop its interest rate by 25 basis points to 4.75%.​

Finance

A Rate Cut Is Welcome, But Don't Expect A Construction Surge Quite Yet

Experts at Desjardins Economics and CoStar say numerous other economic factors are at play for developers, which won't be solved by today's rate cut.

Economy

Bank Of Canada Cuts Interest Rate For First Time In Four Years

The 25-basis-point cut brings the policy rate to 4.75%, and marks the first cut since the Bank of Canada kicked off this hike cycle in March 2022.

Economy

Where Every Big Bank Stands On Tomorrow's Interest Rate Announcement

With the next Bank of Canada interest rate announcement slated for tomorrow, speculation is rampant, with some experts convinced that we will — finally — see the first cut of the cycle.

Finance

Newly Launched Financing Model Makes It Easier To Access Your Home Equity

The Home Equity Partners Inc. has debuted a HESA model in Canada, giving GTA homeowners the opportunity to access flexible financing by tapping into their home’s value. The best part? It doesn't involve taking on debilitating debt.

Mortgages

How Much An Interest Rate Cut Will Save Average Canadian Homeowners

Canadians from coast to coast are eagerly anticipating some relief on the interest rate front come Wednesday, June 5th, when the Bank of Canada holds its latest rate announcement.

Mortgages

"All Ducks Appear To Be In A Row”: RBC Doubles Down On Interest Rate Cut

The announcement Canadian homebuyers – and would-be homebuyers – have been waiting for could be just days away. RBC Economics is doubling down on its forecast that the Bank of Canada (BoC) will finally kick-start its easing of sky-high interest rates on Wednesday, June 5th.

Mortgages

There's (Huge) Value In Getting A Second Opinion On Your Mortgage

Not shopping around puts future homebuyers, and existing owners, at risk of spending thousands more per year than they need to. In extreme cases, not shopping around for a better rate could even cost someone their home.

Mortgages

Canada's Mortgage Delinquency Rates Trend Up For First Time Since Pandemic

​The upward trend in mortgage delinquency rates suggests Canadians' pandemic savings are wearing thin.