1 Jun

LOCKDOWNS HIT CANADIAN Q1 GDP

General

Posted by: Ayashah Kothawala

Near-Record Decline in Q1 GDP Better Than Flash Estimate The hand-wringing about the Q1 GDP data released today misses the point that the data were actually better than expected. The Canadian economy declined at an 8.2% annualized rate in the first quarter, less harsh than the earlier estimate by StatsCan of -10%. Of course, every sector of […]

Read More
2 Apr

Why Are Mortgage Rates Rising?

Latest News

Posted by: Ayashah Kothawala

Why Are Mortgage Rates Rising? Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank of […]

Read More
3 Mar

Building a Real Estate Portfolio

General

Posted by: Ayashah Kothawala

Building a Real Estate Portfolio More and more Canadians do not have a defined benefits pension plan. Companies are moving away from this model due to the expense of maintaining enough in the fund to pay out until the employee and survivors die. Those who are self employed also do not have pensions beside the […]

Read More
13 Sep

Bruised Credit And Need A Mortgage?

General

Posted by: Ayashah Kothawala

Many people think that their credit score will hold them back from obtaining a mortgage. For some, they may have work to do on their debt beforehand, but sometimes people believe their credit is poor, only to find that it isn’t as bad as they thought. It pays to seek help from a Jencor Mortgage […]

Read More