Well, we avoided talking about politics for a whole month, but this month we are back at it!  The US & China tariff announcement(s) and haphazard implementation are causing turmoil and anxiety in the financial markets and around kitchen tables across our great Country (the undisputed champions of Hockey, we might add).  With on-again, off-again...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

Spring is definitely here in full force, minus the sun.  Multiple offers on condos and houses continue to keep us busy and lenders on their toes. 4Front has expanded again adding a new full time in house underwriter to assist with our files.  We have a total of 16 brokers working with our clients to...Read More