by Luisa Hough | Jul 3, 2018 | Blog, Economy, Mortgage
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Luisa Hough | Oct 17, 2017 | Announcement, Blog, Economy, Finance, Mortgage
If you’ve tuned into the news today, you’ve probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you’ll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or...
by Luisa Hough | Sep 21, 2017 | Blog, Economy, Finance, Homeowner
Oftentimes people assume that housing is our single biggest expense, and although that was true in 1961, times have changed! According to research done by the Fraser Institute, last year the average Canadian family spent more on taxes than housing, food, and clothing...
by Luisa Hough | Sep 11, 2017 | Announcement, Blog, Economy
Here is what you need to know about the latest moves by the federal government as it pertains to the tax code. Originally published on the Mortgage Professionals Canada website, the following article summarizes the proposed changes and outlines how you can make your...
by Luisa Hough | Jul 5, 2017 | Blog, Economy
Here is the latest economic update from Verico’s economist Michael Campbell. I think that anyone working in the real estate industry can be forgiven for waking up in a cold sweat muttering what Ronald Regan called the 9 scariest words in the English language:...
by Luisa Hough | Jun 29, 2017 | Blog, Economy, Guest Post
Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...
