Let's chat: 416-388-3833
|
My Mortgage Blog — Latest Posts
SAM KIM || September 07, 2023
Good news for variable-rate borrowers as Bank of Canada leaves rates on hold
Variable-rate mortgage borrowers who have seen their rates skyrocket over the past year and a half received a reprieve today as the Bank of Canada announced a rate hold. That leaves the bank's...
Read More
SAM KIM || July 24, 2023
Canadians are boosting savings amid economic concerns
Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third...
Read More
SAM KIM || June 22, 2023
Economic brief: OSFI increases capital buffer requirement for Canadian banks
Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...
Read More
SAM KIM || June 16, 2023
Mortgage interest now one of the biggest drivers of inflation
In a twist of irony, the Bank of Canada’s interest rate hikes—meant to slow the economy and bring down inflation—are now one of the leading upward contributors to inflation. Mortgage interest...
Read More