The great news a lot of us have been waiting for!

General Kimberly Coutts 5 Jun

Finally the news we’ve been all waiting for.  That is Variable Rate Mortgage Holders, anyone with a HELOC or perhaps any other source of debt that is tied to the Bank of Canada Prime Rate.  Today, marks the first decrease since the Bank of Canada steadily increased the rate over the last several years. They […]

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April’s Strong Job Gains Likely Postpone Rate Cuts Until July

General Kimberly Coutts 10 May

April’s Strong Job Gains Likely Postpone Rate Cuts Until July   Today’s StatsCanada Labour Force Survey for April blindsided economists by coming in much more robust than expected. Employment in Canada rose a whopping 90,400 in April, the most in 15 months, following a decline in March, surpassing forecasts by a large margin. Substantial job gains were […]

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What to Know at Renewal

General Kimberly Coutts 7 May

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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Great News On The Canadian Inflation Front

General Kimberly Coutts 17 Apr

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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Bank of Canada Hold Rates Steady for Sixth Consecutive Meeting

General Kimberly Coutts 10 Apr

As you likely have already heard today, the Bank of Canada announced it’s keeping its benchmark interest rate at 5.0%, unchanged from July of 2023.  This means that there is NO change for those within variable rate mortgages, lines of credit or any other loans tied to the Bank of Canada Rate which continues to […]

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Great News On The Canadian Inflation Front

General Kimberly Coutts 19 Mar

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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Canadian Home Sales Stop Falling In February As Prices Hold Steady

General Kimberly Coutts 19 Mar

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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