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

Prior to our illustrious and exciting careers as mortgage brokers, Chris and Dave spent a long time working for big banks. In fact, we met each other while working for RBC – it was the financial equivalent of love at first sight! 🫠 Banks love goal setting meetings for their employees and we certainly rolled...Read More

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

We are only three weeks into the year, but 2025 appears to already be a year of change and uncertainty. Changes to governments in the US and Canada are likely going to bring about policies designed to grow and protect their respective economies.  Whether this is good or bad for Canadians remains to be seen, however. In...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

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