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BREAKING NEWS ON INFLATION – CRUSHES ESTIMATES AND NOT IN A GOOD WAY
BREAKING NEWS ON INFLATION - CRUSHES ESTIMATES..and not in a good way. Canada’s rate of inflation re-accelerated by more than expected for the second straight month, due largely to: - higher gasoline prices - shelter prices up ( which includes mortgage interest costs)...
Mortgage Amortization Explained – What is it and how does it work?
Mortgage amortization. Term. Payment schedule. Renewal and refinancing. These are all phrases you’ll hear over the lifetime of your mortgage, and they’re all connected. One frequent question people have about mortgages is “What does amortization mean?” First, what...
THE LATEST INFLATION NUMBERS – WHAT DO THEY MEAN?
July Headline Inflation Rose to 3.3%, But Core Inflation Improved The Consumer Price Index (CPI) rose 3.3% y/y in July, up from a 2.8% rise in June. The acceleration in headline inflation was widely expected due to a base-year effect on gasoline prices, as a sizeable...
MARKET UPDATE- Price moderation and more inventory in July
Home sales in Canada slipped slightly in July compared to June. The Canadian Real Estate Association is calling that a sign that the market is stabilizing. "Following a brief surge of activity in April, housing markets have settled down in recent months, with price...
Market Update and Rates April 14th, 2023
WATCH MY VIDEO HERE Spring is just around the corner, and we’re seeing the usual uptick in buyers! Unfortunately, low inventory means homes are selling quickly, and multiple offers are again in the mix. As a result, prices are inching upward. The Bank of Canada held...
First Home Savings Account for Aspiring Homeowners
April 1 marked the start of the Canadian government's FIRST HOME SAVINGS ACCOUNT and it's a really great option for aspiring homeowners to save for their downpayment. I really like that contributions are Tax deductible AND withdrawals are Tax free! If you're saving...
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