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Bank of Canada Divided on Timing of Interest Rate Cuts | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
The Bank of Canada's governing council is split on when to start lowering interest rates. While some members advocate waiting given robust economic performance and lingering inflation risks, others push for swifter action.
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Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | OSFI Caps Mortgages for Highly Indebted Borrowers in 2025
Canada's banking regulator, OSFI, is imposing a cap on residential mortgages for highly indebted borrowers in anticipation of BOC rate cuts.Effective in Q1 2025, the new rule limits the number of mortgages a bank can issue exceeding 4.5X a borrower’s annual income.
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Why today’s inflation numbers are good if you have a mortgage
New data from Statistics Canada shows that the country's annual inflation rate has decreased to a three-year low of 2.7 per cent in April. This could lead to a possible interest rate cut, benefiting consumers. Food prices, services, and durable goods contributed to the slowdown, with core CPI measures below 3 per cent for the…
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Bank of Canada reduces policy rate by 25 basis points
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Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | Time for BoC to Cut Interest Rates Before It’s Too Late
An argument is being made for the Bank of Canada to reduce interest rates. Canada's economic situation and controlled inflation are reasons given in favor of a rate cut.
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Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | Government Introduces Halal Mortgages
Halal mortgages in the budget enhance housing for Muslim Canadians and diverse communities. Strategies to back the initiative: Changing tax rules for these products Setting up a financial regulatory space
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Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages | Canada Caps Mortgages for High-Debt Borrowers
Canada's banking regulator has introduced a cap on mortgages for highly indebted borrowers. The new rule is intended to prevent Canadians from accumulating too much debt.
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Canadian banks set to report latest results as mortgage shocks continue
Canadian banks are set to report second-quarter results following a stable economic period. The quarter showed improvement compared to the previous year, with positive economic data and low mortgage delinquencies. Analysts are concerned about credit quality and the impact of upcoming mortgage renewals. The Bank of Canada noted potential payment increases for some borrowers but…
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Latest Changes to Mortgage Regulations Explained, Start your process online with Mandeep Maan at breezeful Mortgages |
The Canadian government increased the maximum RRSP withdrawal limit for first-time home buyers from $35K to $60K.They extended the RRSP repayment grace period from 2-yr to 5-yr.
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Mortgage Shopping Tips for Your Next Rate Renewal, start your process online with Mandeep Maan at breezeful Mortgages
Know Your Budget: Understanding your financial situation and getting pre-approved for a mortgage is crucial before beginning the home buying process. Compare Rates: Shop around and compare mortgage rates from different lenders to find the best deal, considering both interest rates and terms and conditions.
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