Sales and construction data this week will show whether rising supply or returning buyers drive the spring market A closely watched set of housing reports will give mortgage professionals and prospective buyers a clearer sense of how the market is tracking heading into the spring season. After a soft start to the year, attention will […]

Having a variety of loans could help strengthen your credit score — or harm it, depending on your spending and payment history. But a credit card, car loan and mortgage work differently, making it hard to know how to improve your number. By Ritika Dubey A credit score ranges between 300 and 900 points. It’s […]

Economy is Moving, easy steps to take to reduces stress The Bank of Canada has warned that a prolonged trade conflict could push Canada into a recession. In its more severe scenario, GDP could fall by around 5%, unemployment could rise, and inflation could climb back above 3% as import costs increase. For Canadians, that […]

Markets are rapidly repricing inflation and rate expectations, driving bond yields higher and triggering a new round of fixed mortgage increase. Canadian fixed mortgage rates have moved decisively higher, with lenders rolling out increases of up to 30 basis points as bond yields continue their rapid climb.   The benchmark five-year Government of Canada bond […]

U.S. mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing and refinancing activity. By Vince Golle (Bloomberg) — U.S. mortgage rates climbed for a third straight week, pushing home-financing costs to the highest since October and dealing a blow to both purchasing […]

Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks. By Erik Hertzberg (Bloomberg) — Markets see the Bank of Canada hiking interest rates more aggressively this year amid surging oil prices and hawkish messaging from peer central banks. Traders in overnight […]

The Bank of Canada announced today that it is holding the overnight rate at 2.25%. At first glance, this sounds like good news — and it is. But most people misunderstand what this actually means for their mortgage, their payments, and their timing in the market. Let’s break it down clearly. First — What This […]

When a mortgage renewal date approaches, most homeowners instinctively focus on one thing: the interest rate. It makes sense. Rates are visible, easy to compare, and constantly discussed. They feel like the lever that matters most. But for many borrowers, the rate itself is not what creates stress at renewal. The real risk is everything […]

By Nojoud Al Mallees (Bloomberg) — The Canadian economy lost the most jobs in more than four years last month, driving the unemployment rate up to 6.7%. Employment fell by 83,900 in February, with losses concentrated in full-time and private sector work, according to Statistics Canada data released Friday. That followed a 25,000 employment decrease in […]

Housing markets have an interesting habit. They rarely wait for the economy to feel comfortable again before activity begins to return. People move because life forces decisions. A new job across town. A growing family. A mortgage renewal that suddenly changes the math. Those forces tend to restart housing activity long before economic confidence fully […]