Mortgages by Carolann Young

Carolann Young || August 27, 2025

High Credit Card Balances Could Be Hurting Your Next Mortgage

High Credit Card Balances Could Be Hurting Your Next MortgageThe Bank of Canada may have kept rates steady in July, but borrowing costs are still putting pressure on many Canadians. One growing trend?...

Carolann Young || August 18, 2025

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...

Carolann Young || August 12, 2025

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...

Carolann Young || August 01, 2025

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...