Great News On The Inflation Front Causes Big Bond Rally

General Jennifer Brophy 20 Feb

Canadian Inflation Falls to 2.9% in January, Boosting Rate Cut Prospects The Consumer Price Index (CPI) rose 2.9% year-over-year in January, down sharply from December’s 3.4% reading. The most significant contributor to the deceleration was a 4% decline in y/y gasoline prices, compared to a 1.4% rise the month before (see chart below). Excluding gasoline, […]

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Canadian Housing Appears To Be Close To Bottoming

General Jennifer Brophy 16 Mar

Housing Market Could Be Poised For A Spring Rebound The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year. The Canadian aggregate […]

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Bad News Is Good News for the Bank of Canada

General Jennifer Brophy 28 Feb

Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the central bank on the sidelines when they announce their decision on March 8. The Bank had estimated the Q4 growth rate to be 1.3%. Instead, […]

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Non-Resident Financing in the Sea to Sky Corridor

General Jennifer Brophy 23 Nov

Here is what you need to know about foreign buyer financing for real estate purchases in British Columbia, Canada. If you are obtaining a mortgage, you will need a Canadian bank account. Most banks require you to show your identification in person to open an account. Check the bank’s wire transfer policy to find out […]

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Getting the Down Payment Down.

General Jennifer Brophy 7 Jun

A down payment is one of the most essential aspects of every mortgage application and new home purchase. In Canada, home purchases require a minimum cash payment from your own funds that is put towards the purchase. This is your down payment and is considered your stake in the deal. Many home buyers understand that […]

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Banking Regulator Aims To Make It Tougher To Get An Uninsured Mortgage

General Jennifer Brophy 9 Apr

With several Big-Five bank CEOs calling for regulatory action to slow the red-hot housing market, it didn’t take long for the Office of the Superintendent of Financial Institutions (OSFI), the governor of federally regulated financial institutions, to respond. In a news release issued today, OSFI proposed an increase in uninsured mortgages’ qualifying rate to the […]

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10 Reasons you should use a whistler mortgage broker

General Jennifer Brophy 19 Mar

SAVE TIME. When you deal with a mortgage broker, you only have to fill out one application (and we all know those types of applications aren’t exactly fun to complete). The mortgage broker then shops your application to lenders to find you the best product and rate. SAVE MONEY. There’s absolutely no charge for our […]

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