by Marco Abballe | Apr 5, 2019 | Announcements, Blog, Economy, Finance, Homeownership, Mortgage
Great news for first-time buyers! In mid-March, the federal government delivered the 2019 budget, which included an increase to this popular incentive program. Housing availability and affordability have become increasingly difficult for many Canadians, which is why...
by Marco Abballe | Mar 27, 2018 | Blog, Economy, Mortgage
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Marco Abballe | Oct 17, 2017 | Announcements, Blog, Economy, Finance, Mortgage
If you’ve tuned into the news today, you’ve probably heard that there are new mortgage rules coming into effect on January 1st. 2018. Over the next week you’ll most likely hear a lot of commentary on whether these rules are good, bad, necessary, or...
by Marco Abballe | Jul 4, 2017 | Blog, Economy
Here is the latest economic update from Verico’s economist Michael Campbell. I think that anyone working in the real estate industry can be forgiven for waking up in a cold sweat muttering what Ronald Regan called the 9 scariest words in the English language:...
by Marco Abballe | Jun 27, 2017 | Blog, Economy, Guest Post
Recently, the Bank of Canada released its semi-annual Financial Systems Review (PDF document), which identifies some of the major risks that the Bank foresees on the economic horizon. Unsurprisingly, the Bank pinpoints increased levels of Canadian household debt and...
by Marco Abballe | Nov 15, 2016 | Announcements, Blog, Economy, Homeownership, Mortgage
Well, after many years of unprecedented low interest rates in Canada, it appears the Canadian government by way of rule changes, and the American government by way of Trump, are impacting mortgage rates. Simply put, the Canadian government has recently made it more...
