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My Mortgage Blog — Latest Posts
Understanding Closing Costs: The Hidden Fees Every Buyer Should Budget For
When you’re preparing to buy a home, most buyers focus on saving for the down payment. But many first-time (and even repeat) buyers are surprised by the closing costs — the extra expenses due on...
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Home sales continued to rebound in July, though price growth remains elusive
Canada’s housing market strengthened further in July, with sales rising 3.8% month-over-month, building on gains seen in each of the past three months. Since March, national transactions are up...
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July’s weak jobs report unlikely to sway Bank of Canada’s next move
Canada’s labour market stumbled in July, losing 41,000 jobs, wiping out nearly half of June’s surprising gains. The unemployment rate held at 6.9%, but mostly because fewer people were looking for...
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What the Bank of Canada’s latest outlook means for interest rates
The Bank of Canada held its benchmark interest rate at 2.75% this week, marking its third straight hold in the current rate-cutting cycle. While the decision itself was widely expected, the...
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