Mortgages by Carolann Young

Carolann Young || November 09, 2023

Building permits fell 6.5% in September

The total value of Canadian building permits fell 6.5% in September to a seasonally adjusted $11.2 billion, according toStatistics Canada. Residential permits, however, rose 4.3% to $7.2...

Carolann Young || November 07, 2023

Your mortgage renewal and rising rates: what you should know

Mortgage renewals have recently become a hot topic in the media, and understandably so. With rising interest rates, many individuals are concerned about the potential impact on their monthly...

Carolann Young || October 25, 2023

Is the Bank of Canada finally done hiking rates?

As was widely expected, the Bank of Canada delivered a second consecutive rate hold today, leaving its key benchmark rate at 5.00%. That was welcome news for variable-rate mortgage holders, who...

Carolann Young || October 10, 2023

Canadian economy added 64,000 jobs in September

The Canadian economy added a more-than-expected 64,000 jobs in September while the unemployment rate held steady, according to data released this morning from Statistics...