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Gerry’s Blog

HELOC Closing Costs: A Guide

This past summer, the nation’s chief bank regulator imposed new rules against home equity lines of credit, also known as HELOCs. The Office of the Superintendent of Financial Institutions (OSFI) installed a cap on borrowing available through HELOCs as part…

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Out-Of-Province Buyer Frenzy Takes Calgary Housing Market

Home-buying activity continues at a frenzied pace in the Calgary housing market, as affordable housing values and lower tax rates incentivize an increasing number of out-of-province buyers to move to Alberta, according to RE/MAX Canada’s 2024 Tax Report. In the…

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Buying a Pre-Construction Condo on an Plan

One look at the downtown Toronto skyline, which is filled with condominiums, and you will see dozens of cranes in the sky. At the same time, fresh data show that new construction has slowed considerably in the last year, meaning…

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How Government Bond Yields Relate to Mortgage Rates

Are Canadian government bond yields headed lower in 2024? This is the expectation now that the Bank of Canada (BoC) is widely anticipated to cut interest rates early next year, according to investors in the futures market. After the benchmark…

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