In its final meeting of 2025, the Bank of Canada cut its key interest rate by 0.50%, the 5th consecutive reduction this year since the cycle of interest rate easing began in June.  This also marks the 2nd “jumbo” cut of 0.50% in a row and brings the total cuts so far to 1.75%. Most economists had expected this cut after Statistics...Read More

Since our last newsletter in late October, there have been a ‘few’ changes in the political and economic landscape which will have an impact on the Canadian mortgage world. The US election results, in favour of Donald Trump and the Republican party will likely have negative consequences for the Canadian economy, which is already underperforming our...Read More

Was it One or Two? We’re sure that everyone was up watching live with a big cup of coffee, but in case you missed the Bank of Canada announcement, the predicted “jumbo” cut has arrived. The overnight rate is now 3.75%, with the Prime Rate dropping to 5.95%. This marks four consecutive cuts, but it’s the first 0.50% reduction...Read More

Spurred on by weakening underlying trends in the Canadian economy, the Bank of Canada  cut its overnight policy interest rate by 0.25% to 4.25%. This is the third reduction we’ve seen this year and while all cuts have been modest, they are moving Canada towards more normalized interest rates.  We’ve summarized the Bank’s rationale for this decision below,...Read More

In this month’s newsletter, we discuss the always interesting spring real estate market. This season presents a unique scenario shaped by new mortgage rules, new regulations on short-term rentals, revisions in property transfer tax exemptions, the introduction of anti-flipping taxes, and province-wide rezoning initiatives. What the net effect will be, we’ll have to wait and...Read More

The Government of Canada announced a series of amendments to the Foreign Buyer Ban. These amendments increase some exemptions to the regulations, and are effective immediately. Of the four main changes to the ban, three were directly targeted toward development and allowing non-residents to develop property for the purpose of increasing housing supply for Canadians. The...Read More

2022 has been an interesting year to say the very least.  In the early part of the year, rates were low and optimism high as the trend of prices and activity continued its frenzied pace from 2021.  Midway through the year, the housing market seemed to have a self-realization that a 20% + price annual appreciation may not be...Read More

Like most things in 2020, income tax rules and programs have changed.  Here are 3 important tips crafted from tax professionals we work with: Government Subsidies:  CEBA funds are taxable and the government will be issuing a T4A tax reporting slip for 2020 showing the total amount of CERB you received.  If your business participated...Read More

Are you currently deferring your mortgage due to the pandemic? If so, you should know that if you plan to purchase a new residence, refinance, or switch mortgage providers you must be back to making regular payments and have confirmation from your existing lender that the deferral has ended, especially to receive the best rates....Read More

Many of our clients have called us with questions about how the COVID-19 outbreak will affect their mortgage, tax season, or business. The Canadian government has released lots of information about the economic response to this challenging period. To help you find all this information, we’ve compiled some links below. INDIVIDUALS Mortgage Default Management Tools...Read More