The Mortgage Group - Andy Vickers

Andy Vickers || September 16, 2024

CMHC Mortgage Cap Raised to $1.5M, 30-Year Amortizations Expanded

The federal government today announced some sweeping changes to Canada's mortgage system in an effort to improve housing affordability and access. One of the key changes...

Andy Vickers || September 04, 2024

Bank of Canada cuts policy rate to 4.25%

The Bank of Canada has dropped its policy rate to 4.25%, cutting it by 25 basis points this morning. This marks the third consecutive rate reduction by the central bank this year,...

Andy Vickers || August 22, 2024

Understanding the costs of buying, selling, and refinancing a home in Canada

What are closing costs in a real estate transaction?Closing costs are the fees and expenses that must be paid when a transaction is finalized. They encompass a wide range of charges depending on which...

Andy Vickers || August 20, 2024

Inflation continued to ease in July

Canada's headline inflation rate slowed to a pace of 2.5% in July, Statistics Canada reported. The reading was in line with expectations and was down from June's headline figure of 2.7%. The...