As the deadline for property taxes approaches, it’s essential to claim your Home Owner Grant and make your payments on time. Here are the steps and links you need to ensure everything is in order. How to Claim Your Home Owner Grant: 1. Check Your Eligibility: Most homeowners who live in their home as their
Good News for Canadians: OSFI’s Responsive Decision Eases Mortgage Regulations In a positive turn of events for Canadians in the housing market, the Office of the Superintendent of Financial Institutions (OSFI) has made a decision that reflects the concerns and feedback shared by industry stakeholders and consumers alike. This decision, announced after nine months of
In recent months, Canada’s economic landscape has experienced notable shifts that are raising concerns among households and businesses alike. This blog post explores the current economic situation, delving into declining consumer confidence, changing demographics, and their potential implications on interest rates and the housing market. Consumer Confidence Hits Lows: Consumer confidence in Canada has taken a
December Update – 2022 Good afternoon, I am sure many of you heard the latest update from the BOC in relation to the overnight rate hike by an additional 50bps (0.50%) bringing the rate to 4.25% and the corresponding prime rates should move in the days ahead to 6.45% with many lenders and 6.60% with
The BOC increased the target for the overnight rate to 3.25% with continuing its policy of quantitative tightening. The banks, nonbanks, credit unions & private lenders – will all adjust their prime lending rates to follow the announcement in the days ahead. Lenders will adjust their prime rates respectively to 5.45% from 4.70%. *May differ