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- Ask the Expert: Steve Garganis – Solutions for a flatlining condo market and New Year predictions January 10, 2025With 2024 behind us and the new year upon us, the housing market is in a delicate balance. Interest rates are declining, which is great news for borrowers. However, these … Continue Reading Ask the Expert: Steve Garganis – Solutions for a flatlining condo market and New Year predictionsSteve Garganis
- Ask the Expert: Steve Garganis on how the US impacts Canadian mortgage rates November 18, 2024We all know that whatever happens in US it will affect Canada. Here is my next interview with RatesDotCa for their Ask The Expert edition – Steve Garganis on how the US … Continue Reading Ask the Expert: Steve Garganis on how the US impacts Canadian mortgage ratesSteve Garganis
- TIME TO ELIMINATE AIRBNBS?.. (No, I don’t think so) November 2, 2024TIME TO GO AFTER AIRBNBS?.. (No, I don’t think so) Canada wants to eliminate all Short Term Rentals (STR). And they are going to punish anyone that has rented out … Continue Reading TIME TO ELIMINATE AIRBNBS?.. (No, I don’t think so)Steve Garganis
- Ask the Expert: Steve Garganis on future bidding wars and why the feds should allow 40-year amortizations October 22, 2024I had the pleasure of being interviewed by RatesDotCa for their Ask The Expert edition on the current and future markets, rates prediction, amortization, and new changes to the mortgage industry. Here are … Continue Reading Ask the Expert: Steve Garganis on future bidding wars and why the feds should allow 40-year amortizationsSteve Garganis
- Why Everyone Should Choose The Longest Amortization Possible October 15, 2024One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their … Continue Reading Why Everyone Should Choose The Longest Amortization PossibleSteve Garganis
- The Great Mortgage Reset October 3, 2024A FOUR PART SPECIAL EDITION… PART 4 of 4 THE GREAT MORTGAGE RESET… MY RECOMMENDATIONS. This policy of making it harder to borrow money has only hurt the little guy, the … Continue Reading The Great Mortgage ResetSteve Garganis
- The Great Mortgage Reset October 1, 2024A FOUR PART SPECIAL EDITION… PART 3 of 4 Canada’s mortgage lending rules and policies are broken. They just don’t work. And the more our Federal government tries to help, the … Continue Reading The Great Mortgage ResetSteve Garganis
Mortgage Rates & Mortgage Broker News in Canada
- National home sales finish strong in 2024, as association forecasts rebound this year January 15, 2025The number of homes that changed hands across the country in December was up 19.2% compared with a year earlier, as the Canadian Real Estate Association says a strong fourth quarter bodes well for a rebound in sales in 2025.The Canadian Press
- U.S. core inflation eases, but Fed rate cut this month remains unlikely January 15, 2025U.S. inflation rose for the second straight month, though core inflation showed modest signs of easing. Still, economists say it likely won't be enough to warrant a Fed rate cut later this month.Brett Surbey
- Bank of Canada rate hikes in 2026? National Bank thinks so. January 15, 2025Just when Canadians thought Bank of Canada rate hikes were behind us, one major bank is now forecasting their return as early as next year.Steve Huebl
- The Manitoba government is buying properties as part of homelessness plan January 14, 2025The Manitoba government is buying apartment buildings and plans to start clearing encampments next month as part of its long-term strategy to reduce homelessness.The Canadian Press
- Toronto’s proposed 2025 budget includes 6.9 per cent property tax increase January 13, 2025The City of Toronto is proposing to increase property taxes by 6.9% this year to help fund its $18.8 billion operating budget for 2025.The Canadian Press
- 60% of Canadian mortgage renewals to face higher rates by 2026: BoC January 13, 2025Despite interest rates having fallen materially in 2024, recent data show that many Canadian homeowners could still face payment shocks when their mortgages renew.Steve Huebl
- Strong finish for Ottawa’s real estate market in 2024 January 13, 2025Ottawa’s real estate market wrapped up 2024 with a solid uptick in activity, as December home sales rose 7.9% year-over-year.Steve Huebl
- Canada’s home renovation costs are still climbing, but the pace is slowing January 11, 2025Home reno costs in Canada continued to climb in Q3, driven by higher roofing and window expenses, with many homeowners relying on their home equity to fund these projects.Steve Huebl
- Strong job growth in December raises doubts about January rate cut January 10, 2025As Canada’s job market surged in December, economists are now questioning whether the Bank of Canada will move forward with another rate cut this month.Brett Surbey
- Fairstone Bank and Home Trust finalize merger January 10, 2025Fairstone Bank of Canada and Home Trust Company have officially completed their merger, marking a significant development in the alternative lending market.Steve Huebl