Federal programs, mortgage-insurance rules and provincial tax rebates use different definitions, meaning previous ownership does not always disqualify a buyer. Someone buying their second home can sometimes qualify as a first-time homebuyer. Someone who has never purchased a home can sometimes fail to qualify. That’s why experienced mortgage brokers regularly hear questions such as: “I […]

BMO believes the Bank is “firmly on hold” and said any rate increase would now have to be considered “very, very carefully.” If Canada-U.S. trade relations worsen, however, senior economist Robert Kavcic said the resulting economic risks could “open the door to easing again.” The assessment follows the U.S. announcement of a 50% tariff on […]

Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measure of core inflation dropped below 2% for the first time in nearly six years. (Bloomberg) — Canada’s inflation rate slowed by more than expected last month as gasoline prices eased and a key measure of core inflation […]

The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. (Bloomberg) — The Bank of Canada held interest rates steady for a sixth consecutive meeting as policymakers see the economy rebounding and oil price-driven inflation fading. Officials led by Governor Tiff […]