It’s hard to believe we’re halfway through the year – and what a year it’s been. There have been ups and downs and more than a few surprises, the latest being the Bank of Canada’s decision to end its rate pause. On June 7, the Bank increased its overnight rate by 25 basis points to […]

      From cloud storage and 5G connection speeds to chatbots and augmented reality, new developments in internet technology have made life a lot more convenient for many Canadians. However, the same technology has also enabled criminals to create ever more sophisticated ways to steal your information to use in scams and fraud. This […]

April is typically a very busy month for the mortgage industry, and this year has been no different. After a rapid series of interest rate hikes put a chill on real estate activity over the past year, the market is showing early signs of recovery. As CMI(Canadian Mortgage Investments) mentions, Demand for private mortgages is […]

Recently, there have been headlines about identity theft, fraud and stealing homes. Title fraud occurs when the fraudster assumes the identity of the homeowner and then uses it to assume the title on the home, sell the property or obtain a mortgage on that property or other properties in the homeowner’s name, In this article […]

The Canadian economy seems to be ganging-up on the Bank of Canada as it tries to wrestle inflation back to 2.0% as the report by First National Financials mentions. The latest employment numbers, once again, came in well above expectations.  Statistics Canada reports 35,000 jobs were created in March, nearly triple what had been forecast.  […]

      The latest numbers from Statistics Canada show the country’s economy continues to chug along despite very deliberate efforts to slow it down as mentioned by First National Financial LP. Gross Domestic Product (GDP), which measures the total value of all goods and services produced by the economy, rose by 0.5% in January.  […]

    Instability persists in the Canadian housing market, but analysts say there are signs things may start to normalize in the coming months. This article by First National Financial LP Indicates that the Canadian Real Estate Association reports that February home sales fell 40% compared to their peak in February of last year, just […]

Fraud Awareness Month Did you know? March is fraud awareness month in the mortgage industry, which makes this is a great time to talk about title insurance! As our insurance experts, FCT is a leading provider of title insurance and has some helpful information for you: For those who don’t know, title fraud can impact both homebuyers […]

Why you need a home inspection. Ahome inspection isn’t a legal requirement when you buy a home in Canada. Yet, it’s certainly a wise decision for the largest purchase you will likely ever make. Here are five reasons why you should opt for a home inspection when buying a home, even if it is a […]

Industry Jargon Explained. Baffled by the expressions Realtors and bankers throw at you? Here are some commonly used—but not always understood—words to describe mortgages: Amortization Period This is the number of years it will take to repay the entire mortgage in full and is determined when you are approved. A longer amortization period will result […]