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Canadian inflation jumped to the highest rate in nearly four decades in June, although there were tentative signs that consumer price growth is close to topping out.

The consumer price index (CPI) rose 8.1 per cent in June from a year earlier, up from 7.7 per cent in May, Statistics Canada said ...

The once-red hot Canadian real estate market is beginning to witness a trend that would have been unthinkable just months ago: Homes are starting to sell at a discount.

The return of “sold under ask” pricing to Canadian real estate is one of the most obvious signals of a market that is entering ...

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Mortgage Tips - The 5C's of Credit

1. Character - reflected in your credit history, not just the credit score, but also the components of your credit bureau report. Credit score over 680 is considered good, whereas credit score under 600 is below average.

2. Collateral - secured by the property...

No Stress Test for mortgage applications.
You may borrow 20% to 25% larger mortgage amount without stress test.

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The Federal Reserve raising its key interest rate by three-quarters of a percentage point — its largest hike since 1994 — increases the odds of the Bank of Canada following suit next month, economists say.

The U.S. bank authority announced the Wednesday move will shift the country's benchmark ra...

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Maurice Kwok MBA CPA MA
Mortgage Broker
Sherwood Mortgage Group
FSCO Lic.#12176
(416) 618-9312
maurice@mortgage4GTA.ca
Web: https://mortgage4GTA.ca

Proudly...

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The Bank of Canada on June 1 raised its benchmark interest rate a half point to 1.5 per cent, the highest since 2019.

Bank of Canada governor Tiff Macklem is only getting started. His mission is to keep the consumer price index advancing at an annual rate of about two per cent a year, and the in...