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Statistics Canada · CanadaQuick Summary: Last week Statistics Canada confirmed that our key measures of core inflation cooled a little in May and our GDP decreased by 0.1% in April (month-over-month). Stats Can also now estimates that our GDP declined by the same amount in May. Mortgage Advice for Now My advice is unchanged from last week. Fixed rates are now back below their long-term averages. The rate premium that borrowers have historically had to pay for longer ter…Read Article
Monday Morning Mortgage Rate Update - Integrated Mortgage Planners

Canada · CanadaMy Monday Morning Mortgage Rate Updates will be offered in a revised format going forward. Each regular post will feature the following sections: Mortgage Advice for Now, The Bottom Line, and an updated Rate Chart. There will also be an addendum, with some my key blog posts that I think every Canadian mortgage borrower will benefit from reading. I may also provide more detailed posts on a one-off basis if circumstances warrant. I want to assure …Read Article