Mortgages by Carolann Young

Carolann Young || November 16, 2023

Existing homes sales fell in October

Sales of existing homes continued to fall in October while prices remained flat, the Canadian Real Estate Association (CREA) reported today. Sales fell 5.6% from September but remain 0.9% above...

Carolann Young || November 09, 2023

Building permits fell 6.5% in September

The total value of Canadian building permits fell 6.5% in September to a seasonally adjusted $11.2 billion, according toStatistics Canada. Residential permits, however, rose 4.3% to $7.2...

Carolann Young || November 07, 2023

Your mortgage renewal and rising rates: what you should know

Mortgage renewals have recently become a hot topic in the media, and understandably so. With rising interest rates, many individuals are concerned about the potential impact on their monthly...

Carolann Young || October 25, 2023

Is the Bank of Canada finally done hiking rates?

As was widely expected, the Bank of Canada delivered a second consecutive rate hold today, leaving its key benchmark rate at 5.00%. That was welcome news for variable-rate mortgage holders, who...