Mortgages by Carolann Young

Carolann Young || July 13, 2022

Bank of Canada Raises Rate by 100 bps

The Bank of Canada raised its key lending rate by 100 basis points this morning, bringing it to 2.50%.The Bank said inflation is “higher and more persistent” than what it had forecast in April, and...

Carolann Young || July 13, 2022

Banking Regulator making some changes to Home Equity Lines of Credit

Last week, Canada’s banking regulator unveiled new rules that will govern how borrowers may use Home Equity Lines of Credit (HELOCs).The new guidelines unveiled by the Office of the Superintendent of...

Carolann Young || May 03, 2022

Thinking About Buying a Vacation Property? Here’s What You Need to Know

Over the course of the pandemic, the desire for more space and a place to just hunker down surged.For some, that place was a cottage or other type of recreational property.Fast-forward to today and in...

Carolann Young || April 07, 2022

What’s in the Federal Budget for Homebuyers?

The federal government has earmarked more than $10 billion in new spending for housing-related initiatives, much of which is focused on increasing supply. Overall, the federal budget includes $56...