Mortgages by Carolann Young

Carolann Young || January 12, 2023

What you need to know about Canada’s new foreign buyer ban

The start of the new year saw Canada’s new foreign buyer ban officially come into effect. The two year-ban, originally passed by Parliament in June to help address housing affordability...

Carolann Young || January 03, 2023

Ringing in the new year: here's what I'll be watching in 2023

With 2022 now in our rear-view mirror, it’s time to look ahead at what the coming year may have in store.I think it’s fair to say 2022 is a year many of us won’t soon forget.It was a year that started...

Carolann Young || December 12, 2022

Bank of Canada Raises Rate by 50 bps

The Bank of Canada raised its key lending rate by 50 basis points this morning, bringing it to 4.25%.In its statement, the Bank said it “will be considering whether the policy interest rate needs to...

Carolann Young || December 07, 2022

What you need to know about "trigger rates"

There’s been a great deal of talk in the media lately about variable-rate mortgage borrowers hitting their so-called “trigger rate.”Below, I’m going to explain what that trigger rate is, the...