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

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

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