Mortgages by Carolann Young

Carolann Young || September 08, 2023

Canadian economy added nearly 40,000 jobs in August

The Canadian economy added a more-than-expected 39,900 jobs in August, according to data released this morning from Statistics Canada. The employment gains consisted of an increase of 32.2k...

Carolann Young || 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...

Carolann Young || 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...

Carolann Young || July 16, 2023

The Bank of Canada hikes rates by 25 bps

The Bank of Canada raised its key lending rate this morning by 25 basis points, bringing it to a 22-year high of 5.00%.This is the Bank’s 10th rate increase since it began this rate-hike cycle in...