by Renee Wynter | Oct 19, 2016 | Announcements, Blog, Mortgage
With all the recent government activity meant to bring stability to the Canadian housing market (read cool down Vancouver and Toronto), its no surprise that the bank of Canada has decided against making any drastic changes to the overnight rate in their announcement...
by Renee Wynter | Oct 11, 2016 | Blog, Productivity, Video
Chris Bailey from A Life of Productivity was recently asked to give a presentation at TEDxLiverpool, here it is in all it’s YouTube glory! Chris has been obsessed with the subject of productivity for more than a decade. In this talk, he argues that productivity...
by Renee Wynter | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...
by Renee Wynter | Sep 20, 2016 | Blog, Economy, Mortgage
Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, we will wait here. Take your time. The...
by Renee Wynter | Sep 13, 2016 | Blog, Homeownership
In an article I recently published called “Is Now a Good Time to Buy?” we identified that interest rates are at all time Canadian lows and as it’s never been cheaper to borrow money, now is a good time to buy property. In no way was it being said...
by Renee Wynter | Sep 7, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Global growth in the first half of 2016 was slower than the Bank had...
by Renee Wynter | Aug 30, 2016 | Blog, Economy, Homeownership
If you’re getting tired of all the media headlines claiming impending housing market and economic doom and gloom, you’re not alone. It seems every time you browse the news another US economist is predicting terrible things for Canada. Articles like this...
by Renee Wynter | Jul 26, 2016 | Announcements, Blog, Homeownership
Although no firm changes have been announced regarding mortgage regulations, it looks like this might be the beginning of something. The following is correspondence shared by Mortgage Professionals Canada by email to the mortgage industry, it has been shared here for...
by Renee Wynter | Jul 19, 2016 | Blog
VERICO’s Economic Consultant Michael Campbell has just released the Economic Update for Q3 2016, a VERICO Exclusive. “Brexit is important but it’s part of a much bigger story…The key to know is that the Brexit vote and the demise of the European union is driven by...
by Renee Wynter | Jul 13, 2016 | Announcements, Blog, Mortgage
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.Inflation in Canada is on track to return to 2 per cent in 2017 as the...
