SVP with Verico Canada. Residential Mortgage expert with over 30 years of experience.
Economic landscape is shifting as signs emerge that inflation could be on the rise again
The real estate boom rate cuts were expected to unleash never happened
Robert McLister: I've never seen so many changes in such a short time, but policymakers didn't get everything right
As of Nov. 21, the Office of the Superintendent of Financial Institutions will no longer require banks to apply the mortgage stress test on borrowers who are switching banks when renewing their loans
The Bank of Canada’s challenge today is a cooling economy, paired with rising unemployment
Finance Minister Chrystia Freeland announced proposals Monday to expand the availability of 30-year amortizations and to raise the price cap for insured mortgages.
Here's what the experts are saying about the central bank's decision today and the road ahead
Details in report hint at a stalling economy
Leading insured five-year fixed rates just dipped to 4.29% — a 16-month low
Odds of a cut have shot up to 93% over the last few days
Watch Derek Holt on the Bank of Canada's next rate decision
The Bank of Canada's key interest rate fell by 25 basis points on Wednesday, a move that will immediately be felt by Canadians with variable rates of debt.
Real GDP rose at an annualized 1.7% in the first quarter, Statistics Canada data show, falling short of 2.2% estimates
The Globe and Mail spoke to RBC economist Carrie Freestone about the outlook for interest rate changes, the housing market and the most concerning piece of Canadian economic data
Canada can cope with a weaker dollar; in fact the country needs it
Key data points indicate the central bank is keeping policy 'far too tight'
Jean-François Perrault says housing affordability unlikely to improve in the next five years.
Monetary policy is simply way too tight, no matter how you slice it or dice it