According to Dr. Sherry Cooper, Chief Economist for Dominion Lending Centres, the Bank of Canada expects the Consumer Price Index to average 3.5% through mid 2024 and is forecasting hitting its 2% target in the second half of 2025.  With these indicators in mind, it appears that we have seen the peak in rates and […]

If you are considering buying a home in the next 4 months or you have mortgage coming up for renewal in the next 6 months you should probably be speaking to someone about it sooner rather than later.  There is still a lot of upward pressure on interest rates and you might want to obtain […]

The Bank of Canada hiked the overnight rate for the tenth time today to a 22-year high of 5%. They also postponed their forecast of when inflation will hit the 2% target by six months to mid-2025. This means interest rates will stay higher for longer.   The Bank of Canada increased the overnight policy […]

Will the Bank of Canada raise its benchmark interest rate yet again when they meet on July 12th?  The latest unemployment figures show that unmemployment was up a modest 0.2% this month but Canada also added 60,000 jobs which continues to fuel economic growth.  Mixed signals indeed!  So, will we see in increase in the […]

The latest CPI report shows inflation fell in May to 3.4% from 4.4% in April.  On the surface that look like a great result and we are heading in the right direction.  However, a look under the surface reveals we still have a long way to go.  Dr. Sherry Cooper, Chief Economist for Dominion Lending […]

I thought you might find this article and Dr. Sherry Cooper’s insights particularly interesting since we have been experiencing a pause in the Bank of Canada rate hikes. She discusses a number of factors that might cause the Bank of Canada to raise rates once again when they meet on June 7th.     The […]

How would you rate your “financial wellness”?  What exactly is financial wellness and how does it impact your stress level and your mental health?  Could the impact of poor financial health be taking a greater toll than you realize?  Click the link below to learn more about what you can do to better understand the […]

Is the lack of inventory in the housing market driving prices to the point that entry is difficult for many?   Prices rose pretty much accross the board in April and the growth in our population is another added factor as people search for homes.  See the MLS Home Price Index to see how home prices […]

Have you ever considered a reverse mortgage?  This product is becoming more popular these days and they are being used for a number of reasons including Income support, to manage debt, renovations to remain in your home, to provide a living inheritance or to help provide funds to assist a relative with a down payment.   […]

In the latest budget the government announced a great new savings vehicle to help Canadians save for home ownership.  Its called teh First Home Savings Account (FHSA) and operates much like a TFSA.  The government timetable for this launch to be on  April 1st but unfortunately none of the big banks can offer this product […]