Mortgages by Carolann Young

Carolann Young || July 05, 2024

Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate

Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...

Carolann Young || June 07, 2024

May employment growth fuelled by part-time positions

The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...

Carolann Young || June 05, 2024

What does today’s Bank of Canada rate cut mean for borrowers?

What does today's Bank of Canada rate cut mean for borrowers? Today's decision by the Bank of Canada to lower its key lending rate by a quarter point to 4.75% is welcome news for...

Carolann Young || June 04, 2024

Variable rate mortgages are back in the spotlight

With the Bank of Canada expected to lower interest rates in the latter half of 2024, variable-rate mortgages are once again in the spotlight. Should you consider one?A variable-rate mortgage is a home...