7 May

What to Know at Renewal

General

Posted by: Tim Woolnough

Is your mortgage coming up for renewal this year or in 2025? Do you know about all the incredible options renewing your mortgage can afford you? If not, I have all the details here on how to make the most of your renewal! Get a Better Rate: Did you know that when you receive notice that […]

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17 Apr

Great News On The Canadian Inflation Front

General

Posted by: Tim Woolnough

Great News On The Inflation Front   The Consumer Price Index (CPI) rose 2.9% year-over-year in March, as expected, up a tick from the February pace owing to a rise in gasoline prices, as prices at the pump rose faster in March compared with February. Excluding gasoline, the all-items CPI slowed to a 2.8% year-over-year […]

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28 Mar

Change of Address Checklist.

General

Posted by: Tim Woolnough

So, you’re moving! Before you hunker down in your new home, there are a few things you will want to take care of regarding your new address. Personal Contacts First and foremost, if you haven’t yet, make sure to tell all your personal contacts about your address change, including: Relatives Friends Employer Schools, colleges, universities, […]

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19 Mar

Great News On The Inflation Front

General

Posted by: Tim Woolnough

Great News On The Inflation Front   The Consumer Price Index (CPI) rose 2.8% year-over-year in February, down from the 2.9% January pace and much slower than the 3.1% expected rate. Gasoline prices rose in Canada for the first time in five months, which led many analysts to forecast a rise in February inflation as […]

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19 Mar

Canadian Home Sales Stop Falling In February As Prices Hold Steady

General

Posted by: Tim Woolnough

February data bode well for a strong spring housing market   The Canadian Real Estate Association announced today that national home sales dipped 3.1% m/m in February while home prices were flat, ending a five-month price decline that began last fall. It was noteworthy that prices remained unchanged from January to February, given that they […]

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15 Mar

Economic Insights from Dr. Sherry Cooper

General

Posted by: Tim Woolnough

  The focus of the Bank of Canada is on slaying the inflation dragon. The good news is that the year has started with a marked decline in price pressures. Due to falling energy prices, airline fares and a deceleration in clothing and food, year-over-year inflation in January dipped to 2.9%. This follows 3.4% inflation in […]

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15 Mar

Tips to improve your credit score

General

Posted by: Tim Woolnough

  One of the important factors in home ownership is understanding things like your credit score.  Some people don’t pay much attention to this metric until they begin the mortgage discussion! However, you will find that your credit score is one of the most important factors when it comes to qualifying for a mortgage at […]

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15 Mar

March is Fraud Awareness Month

General

Posted by: Tim Woolnough

  Did you know? March is Fraud Awareness Month. Protecting yourself and your mortgage from fraud is crucial to safeguard your financial well-being. Understanding some of the more common mortgage fraud scams and how to protect yourself can make all the difference! The most common type of mortgage fraud involves a criminal obtaining a property, and […]

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11 Mar

BoC Holds Rates Steady Waiting To See Further Declines In Core Inflation

General

Posted by: Tim Woolnough

The Bank of Canada Holds Rates Steady Until Core Inflation Falls Further   Today, the Bank of Canada held the overnight rate at 5% for the fifth consecutive meeting and pledged to continue normalizing the Bank’s balance sheet. Policymakers remain concerned about risks to the outlook for inflation. The latest data show that CPI inflation […]

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29 Feb

No Recession In Canada, As Q4 GDP Growth Rose 1%

General

Posted by: Tim Woolnough

Still No Recession In Canada Thanks to Huge Influx of Immigrants   Real gross domestic product (GDP) rose a moderate 1.0% (seasonally adjusted annual rate), a tad better than expected and the Q3 contraction of -1.2% was revised to -0.5%. This leaves growth for 2023 at a moderate 1.1%. Monthly data, also released today by […]

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