Mortgages by Carolann Young

Carolann Young || July 24, 2023

Canadians are boosting savings amid economic concerns

Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third...

Carolann Young || July 16, 2023

The Bank of Canada hikes rates by 25 bps

The Bank of Canada raised its key lending rate this morning by 25 basis points, bringing it to a 22-year high of 5.00%.This is the Bank’s 10th rate increase since it began this rate-hike cycle in...

Carolann Young || June 22, 2023

Economic brief: OSFI increases capital buffer requirement for Canadian banks

Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...

Carolann Young || June 16, 2023

Mortgage interest now one of the biggest drivers of inflation

In a twist of irony, the Bank of Canada’s interest rate hikes—meant to slow the economy and bring down inflation—are now one of the leading upward contributors to inflation. Mortgage interest...