by sasha@traceyrobinson.ca | Sep 17, 2025 | Uncategorized
This is great news for VARIABLE RATE Mortgages and HELOCs. The 0.25% drop in the BoC’s overnight lending rate means that Prime has now dropped from 4.95% to 4.70%. Adjustable Rate Mortgage holders will see approximately a $15 per month drop for every $100,000 of...
by sasha@traceyrobinson.ca | Sep 16, 2025 | Uncategorized
The Consumer Price Index (CPI) rose 1.9% on a year-over-year basis in August, up from a 1.7% increase in July. Gasoline prices fell to a lesser extent year over year in August (-12.7%) compared to July (-16.1%), resulting in faster growth in headline...
by Tracey Robinson | Aug 5, 2025 | Uncategorized
As your local mortgage expert, I always aim to keep you informed about the economic forces that shape your borrowing power. On July 30th, 2025, the Bank of Canada (BoC) made its latest rate announcement, choosing to hold the overnight rate at 2.75% for the third...
by sasha@traceyrobinson.ca | Jul 3, 2025 | Uncategorized
Real gross domestic product (GDP) edged down 0.1% in April, following a 0.2% increase in March. The preliminary estimate for May was also -0.1%. April and May were months of the most significant tariff uncertainty–both auto, steel, and aluminum tariffs were...
by sasha@traceyrobinson.ca | Jun 4, 2025 | Uncategorized
As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The governing council noted that the unpredictability of the...
by Tracey Robinson | May 28, 2025 | Uncategorized
AWAITING PARLIAMENTARY APPROVAL: New GST Relief for First-Time Homebuyers: What You Need to Know On May 27, 2025, the Canadian government unveiled a significant update to its housing affordability strategy: the First-Time Home Buyers’ GST Rebate. This initiative aims...
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