The housing market is a key indicator of economic health, and recent data provides interesting insights into where we stand. Let’s dive into the numbers and what they mean for homeowners and potential buyers. Recent Housing Starts Data: In July 2024, we saw a significant surge in housing starts: • 16% increase month-over-month • Total
In today’s economic landscape, inflation is a hot topic that directly affects homeowners and potential buyers. Let’s break down the current trends and what they mean for your mortgage. Current Inflation Trends As of June 2024, the Consumer Price Index (CPI) stands at 2.7%. However, when we remove mortgage interest from this equation, the figure
Mortgage renewal is a critical financial moment for homeowners. With significant numbers of mortgages coming due in the next few years, it’s crucial to be prepared. Here’s your guide to a successful mortgage renewal. The Renewal Landscape Current projections show: • 2024: 250 million dollars in mortgages maturing • 2025: 300 million dollars in mortgages
In our interconnected global economy, the value of the Canadian dollar plays a crucial role in shaping our mortgage landscape. Let’s explore how currency fluctuations impact mortgage rates and what it means for homeowners and potential buyers. Current State of the Canadian Dollar As of our latest data: • The Canadian dollar is currently trading
Consumer spending and the housing market are deeply intertwined, each influencing the other in complex ways. Let’s explore this relationship and what it means for homeowners and the broader economy. Current Consumer Spending Trends Recent data shows: • Retail sales growth is at 0.2% • This is significantly below the historical average of 4.69% since
Introduction to the Secondary Suite Incentive Program: British Columbia’s housing market faces significant challenges, including affordability and availability. In response, the provincial government has introduced the Secondary Suite Incentive Program (SSIP). This initiative aims to encourage homeowners to create new secondary suites by offering a forgivable loan of up to $40,000. This financial support covers
Hello, I hope this message finds you well. As we transition into the holiday season, it’s essential to stay informed about significant developments that may impact your financial decisions. November was a month filled with noteworthy headlines, and I’m excited to share insights on key topics with you. Let’s dive into the headlines that captured
The holiday season is a time of joy, celebration, and giving. It’s also a time when expenses can quickly add up, potentially straining your finances. However, with some careful planning and creative thinking, you can enjoy a wonderful holiday season without breaking the bank. In this blog post, we’ll explore various budget-friendly tips to help
The new year is approaching, and with it comes the opportunity to renew your mortgage. This is a crucial time to ensure that your mortgage aligns with your financial goals and circumstances. At CE Financial, we’re here to make the process easy and guide you through every step. Let’s get started! Connect with Your Broker:
This week brought noteworthy updates from the BC Government, specifically the introduction of the Short-Term Rentals Accommodations Act. Here’s a breakdown of key points you should be aware of: The act introduces a new principal residence requirement that limits short-term rentals to: The host’s principal residence, which is the dwelling where an individual resides for