Mortgages by Carolann Young

Carolann Young || June 07, 2024

May employment growth fuelled by part-time positions

The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...

Carolann Young || June 05, 2024

What does today’s Bank of Canada rate cut mean for borrowers?

What does today's Bank of Canada rate cut mean for borrowers? Today's decision by the Bank of Canada to lower its key lending rate by a quarter point to 4.75% is welcome news for...

Carolann Young || June 04, 2024

Variable rate mortgages are back in the spotlight

With the Bank of Canada expected to lower interest rates in the latter half of 2024, variable-rate mortgages are once again in the spotlight. Should you consider one?A variable-rate mortgage is a home...

Carolann Young || May 31, 2024

Economists: Q1 GDP Growth Slump Strengthens Case for June Rate Cut

The Bank of Canada now has more reason to pull the trigger on a rate cut when it meets next week following the release of Q1 GDP data. Data released by Statistics Canada on Friday showed...