Blogs

Navigating Canada’s Housing Market Amid Inflation and Interest Rate Changes As of September, Canada’s inflation rate has dropped to 1.6%. When excluding mortgage interest and rent, Canada is teetering on deflation. Key factors like auto insurance premiums and energy costs have helped drive inflation lower, creating a unique economic landscape. This is an important development for homebuyers ...

30-Year Amortizations for All First-Time Homebuyers & ALL Buyers for New Builds The Liberal government has unveiled significant changes to Canada’s mortgage market, aimed at making homeownership more accessible, especially for first-time buyers and all pre-construction buyers. On Monday, Deputy Prime Minister and Finance Minister Chrystia Freeland announced two major proposals: extending mor ...

Accelerated Rate Cuts by December 2024? As concerns about a looming recession grow, one of Canada’s largest lenders, CIBC, predicts that the Bank of Canada will accelerate its monetary easing strategy to protect the economy. According to CIBC's latest forecast, policymakers may potentially cut the policy rate by 50 basis points at both the December and January meetings. By next June, the ce ...

On July 24, the Bank of Canada (BoC) cut its benchmark interest rate for the second time in two months. Combined with declining government bond yields, this move has pushed mortgage rates to their lowest levels in 17 months. While some experts are predicting a boost to the real estate market, a look back at history tells a different story. WOWA Leads conducted a 50-year analysis of the relat ...

Canada's Inflation Rate Declines: What Lies Ahead? Canada’s annual inflation rate cooled more than expected to 2.7% in June, driven primarily by slower growth in gas prices. According to Statistics Canada, core inflation measures also saw a slight decline. Financial analysts had predicted a rate of 2.8%, but the lower-than-expected figure has shifted the focus to the Bank of Canada, which i ...