by Rakhi Madan | Apr 12, 2022 | News |
The Federal government’s Budget 2022 was expected to have several measures to help Canadians with housing affordability and they certainly did deliver several initiatives. It wasn’t exactly what the mortgage industry wanted, like 30-year amortizations for first-time...
by Rakhi Madan | Mar 9, 2022 | News |
On March 2nd, the very anticipated increase to the Bank of Canada benchmark rate materialized, going up a quarter point to 0.5%. It was our first rate hike since 2018 and was inevitable given our surging inflation of over 5%, which is a 30 year high. Soon after, all...
by Rakhi Madan | May 4, 2021 | First Time Home Buyer, News |
First off, yes you do if you are buying in one of these areas: Ajax Mississauga Aurora Mono Bradford West Gwillimbury New Tecumseth Brampton Newmarket Caledon Oakville Chippewas of Georgina Island First Nation Orangeville East Gwillimbury Pickering Georgina Richmond...
by Rakhi Madan | Apr 22, 2021 | News |
There had been speculation that the government would act to cool our hot housing market, which is definitely evident in Brampton, Toronto and the GTA, but we saw only modest measures to affect both demand and supply in the April 19 federal budget. On the demand side...
by Rakhi Madan | Jun 10, 2020 | News |
No one has a crystal ball to see what the next few months, or years, will bring, but it’s likely that some homeowners in Brampton and the GTA will have trouble with their debt in the wake of the coronavirus pandemic. Given this assumption, the Canadian Mortgage and...
by Rakhi Madan | Mar 29, 2019 | News |
While our industry continues to lobby for ways to make home buying easier for Canadians, we don’t always get everything we want when a new budget rolls around each spring. However, the recent budget included a few steps in the right direction with some Housing...
