Latest News Kim Stenberg 26 Jan
NO RATE HIKE UNTIL MARCH – BANK ASSURES INFLATION WILL RETURN TO 2% OVER 2023-2024 While markets were 70% certain the Bank would hike their overnight target rate today, we remained of the view that the Governing Council would hold off until March or April because of the slowdown in first-quarter growth arising from […]
Read MoreMortgage Tips Kim Stenberg 20 Jan
Being on the path to purchasing your first home is one of the most exciting and most rewarding moments in life! While people don’t always dream of the perfect mortgage, we do grow up thinking of a white picket fence and our dream home. Even if you imagined your dream home as a 6-bedroom mansion, […]
Read MoreGeneral Kim Stenberg 18 Jan
The notion that we should be mortgage-free is a focus many of us strive to achieve the moment we realize the dream of homeownership. But, the fact is, many outstanding expenses and debts could be powered down faster – and more economically – by tapping into your home equity with a CHIP Reverse Mortgage. There’s […]
Read MoreLatest News Kim Stenberg 17 Jan
Housing Affordability Erodes Further With Record-Low Supply Housing affordability remains a huge political issue and with the Department of Finance working on the upcoming budget, no doubt measures to reduce home prices will be front and center. What we desperately need is dramatic increases in new housing construction, which has been woefully constrained by local […]
Read MoreMortgage Tips Kim Stenberg 13 Jan
When it comes to mortgages, the age-old question remains: “Should I go with a variable or fixed-rate?”. To make an informed decision, it is important to look at the type of buyer and the historical trends. When it comes to variable versus fixed-rate, it is important to understand what these mortgages are based off of. […]
Read MoreLatest News Kim Stenberg 7 Jan
Statistics Canada released the December Labour Force Survey this morning, reporting employment gains of 54,700 last month–double market expectations. The unemployment rate fell to 5.9% from the 6.0% rate posted in November and is only 0.2 percentage points above the 5.7% rate posted in February 2020 before the pandemic began. More people were working full-time in […]
Read MoreMortgage Tips Kim Stenberg 6 Jan
One of the best parts about life is that it is ever-changing. This is one of the reasons that mortgages are available on short-term contracts (such as the standard 5-year) so that you can adjust your mortgage over time to best suit your needs. However, in some cases you cannot wait until the term is […]
Read MoreGeneral Kim Stenberg 4 Jan
When it comes to finding your perfect home, there are so many more options for potential homeowners! From a single-family dwelling to a townhouse to a modular home, the choices are seemingly endless. But, before you start widening your search, let’s take a look at what makes these home types different – and which one […]
Read MoreLatest News Kim Stenberg 17 Dec
Federal Fiscal Update: Canada has Weathered the Pandemic Storm Relatively Well Finance Minister Chrystia Freeland extolled the performance of the Canadian economy in response to the extraordinary support provided by the federal fiscal authorities and the Bank of Canada in the past 21 months. The economic recovery has been the second strongest in the g-7, […]
Read MoreLatest News Kim Stenberg 16 Dec
Housing Demand Outpaces Supply Today the Canadian Real Estate Association (CREA) released statistics showing national existing-home sales rose 0.6% in November following the whopping 8.6% surge the month before. Sales could have been higher had it not been for the limited supply of homes for sale. Homebuyers are anxious to finalize purchases before the Bank of Canada hikes […]
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