Canadian Inflation Pressures Ease in December

General Angela Calla 18 Jan

Good News On The Inflation Front In December The Consumer Price Index (CPI) rose 6.3% year over year in December, down from the 6.8% pace in November. Much of the decline was owing to the drop in gasoline prices. Additional deceleration came from homeowners’ replacement costs, fuel oil and other owned accommodation expenses, and various durable […]

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Canadian Existing Home Sales Fell By a Record 25% in 2022

General Angela Calla 17 Jan

December Housing Data Ended 2022 on a Weak Note Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up month-over-month in December while new listings plummeted and national home prices fell again.  Home sales recorded over Canadian MLS® Systems increased 1.3% between November and December 2022. Ottawa and Edmonton […]

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2023 Housing Market Predictions in Canada: What To Expect

General Angela Calla 12 Jan

‘Tis the season for 2023 housing market predictions in Canada. This year, most economists predict Canada will enter a recession in the first quarter of 2023. Because of this, planning to buy or sell a home can be a challenge. In addition, economic downturns often lead to higher unemployment rates, decreased property values, and less confidence […]

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Post-Holiday Debt Consolidation

General Angela Calla 11 Jan

The holidays are a season of giving and often times, households can often find themselves carrying some extra debt as we enter the New Year. If you happen to be someone currently struggling with some post-holiday debt, that’s okay! Whether you’ve accumulated multiple points of debt from credit cards or are dealing with other loans (such […]

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Alternative Lending

General Angela Calla 10 Jan

When traditional lenders (such as banks or credit unions) deny mortgage financing, it can be easy to feel discouraged. However, it is important to remember that there is always an alternative! If you’re seeking a mortgage, but your application doesn’t fit into the box of the big traditional institutions, you’ll find yourself in what’s commonly […]

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Economic Insights from Dr. Sherry Cooper

General Angela Calla 9 Jan

What a year this has been. In the face of red-hot inflation, the Bank of Canada raised its policy rate by a whopping 400 basis points to 4.25%. First to cool was the housing market, where buyers moved to the sidelines and mortgage rates surged. Home prices fell, especially in Toronto and Vancouver. The economy appears […]

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Holiday Party Tips

General Angela Calla 16 Dec

With the holidays just around the corner, many of us are already starting to fill up our social calendars and think about the coming month. To help make your holidays even more special, and ensure you have the best party on the block, I have some tips: Make a List: While you might not be […]

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Canadian Home Prices Fell For The Ninth Consecutive Month As Activity Slowed

General Angela Calla 15 Dec

Another Month, Another Dip In Housing Statistics released today by the Canadian Real Estate Association (CREA) show home sales edged down in November. National home sales fell 3.3% between October and November, continuing the moderating sales trend that began last February on the precipice of unprecedented monetary policy tightening. Sales are down a whopping 39% […]

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Notice of New Federal Legislation Prohibiting the Purchase of Residential Property by Non-Canadians

General Angela Calla 14 Dec

Purpose The purpose of this Advisory is to inform regulated entities of the federal government’s newly enacted Prohibition on the Purchase of Residential Property by Non-Canadians Act (“the Act”), which is set to come into force on January 1, 2023. Overview of Changes The Act prohibits individuals who are not Canadian citizens or permanent residents […]

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