News, Views and Trends!
Some not-so-great news from the Bank of Canada yesterday: the target rate was raised yet again by 0.25%. This one wasn’t a complete surprise. Rates have been climbing for the last year to battle red hot inflation. Inflation is now at 4.4%, which is huge progress from 8.1% this time last year. But last month’s Consumer Index Report logged an unexpected 0.1% jump in inflation from the previous month.
Continue reading “The Bank of Canada Does It Again”
Parents are helping their adult children buy homes now more than any other time in history. It makes sense: housing is unaffordable, so why wouldn’t baby boomer parents help lighten the load? There’s a similar trend picking up steam however that’s a little more surprising: parents and children buying multi-unit homes together.
It makes a ton of sense if you think about it. Two or three unit homes could solve a lot of problems for multigenerational families. Interestingly enough, as novel as it sounds, there’s nothing new about this idea. In fact, it’s been happening in Europe for centuries.
Continue reading “Multigenerational Housing: What We Can Learn From the Old Country”
It’s not everyday you get to sit on a video call with someone who used to run our country’s central bank. So when I was invited to be a part of a remote session with former BoC Governor Stephen Poloz, I made sure to take down as much as I could to share with you. Here’s what he thinks about inflation, interest rates, and what’s happening in Canada.
Continue reading “Exclusive Insights From a Former Bank of Canada Governor”
I started CanadaMortgageNews.ca in 2009 with one goal: to dispel misinformation. A lot of mortgage “experts” were coming onto the scene at the time with outrageous claims and getting quoted by media outlets. They were all great writers, no doubt. The problem was a lot of what they were saying just wasn’t adding up.
Continue reading “Some Things Never Change: What We Can Learn From the Past”
The pandemic was a scary time for landlords. You may remember Premier Doug Ford essentially telling Ontarians in March 2020 that they wouldn’t be evicted if they didn’t pay rent. For corporate investors, this announcement was damaging. For small investors, it was downright disastrous.
Continue reading “Right Now is the Right Time to Buy an Investment Property”
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