Blog

A Summary of Federal Party Promises Which May Affect You

Through the term of the current government, and in the months leading up to this month's federal election, Mortgage Professionals Canada has been working diligently on behalf of its members to advance our three top recommendations to federal policymakers: A reduction...

First-Time Home Buyer Incentive

The First-Time Home Buyer Incentive helps qualified first-time homebuyers reduce their monthly mortgage payments without adding to their financial burdens. The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada. It offers: 5% or...

Home sales rise again in May 2019

Home sales recorded via Canadian MLS® Systems rose by 1.9% in May 2019. Together with monthly gains in March and April, activity in May reached the highest level since January 2018. While sales stood 8.9% above the six-year low reached in February 2019, this latest...

Bank of Canada keeps rate target at 1 ¾ %

The Bank of Canada kept its target for the rate at 1 ¾ per cent. The Bank Rate is 2 per cent and the deposit rate is 1 ½ per cent. Canadian economic data are in line with the projections in the Bank’s April Monetary Policy Report, with gathered evidence that the...

Canadian home sales increase in March 2019

Home sales went up 0.9% in March 2019 following a fall in February, leaving activity near some of the lowest levels recorded in the last six years. There was an even split between the number of markets where sales rose from the previous month and those where they...

Canadian property sales advance higher in March 2019

Property sales via Canadian MLS® Systems went up 0.9% in March 2019 following a sudden drop in February, leaving activity near some of the lowest levels recorded in the last six years. There was an even break between the number of markets where sales went up from the...

Five ways to help stop the sniffles this allergy season

Spring has sprung again and while the warmer weather is definitely a welcome change, the return of itchy eyes and a constantly dripping nose may not be. It’s estimated that about 25 per cent of Canadians are affected by seasonal allergies. This spring, try to avoid...

Budget 2019

Budget 2019 introduces the First-Time Home Buyer Incentive. The Incentive would allow eligible first-time home buyers who have the minimum down payment for an insured mortgage to apply to finance a portion of their home purchase through a shared equity mortgage with...

Bank of Canada maintains overnight rate target at 1 ¾ per cent

The Bank of Canada today maintained its target for the overnight rate at 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. Data suggest that the slowdown in the global economy has been more pronounced and widespread than...

Find a mortgage that works best for you

Is your current mortgage up for renewal? Are you looking for additional funds? Or maybe buying the home of your dreams? Get a mortgage that not only meets your unique requirements, but also helps you get ahead by being more “debt effective”.