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Mortgage Lending in British Columbia — Latest Posts
Penny Borg || July 24, 2023
Canadians are boosting savings amid economic concerns
Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third...
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Penny Borg || June 22, 2023
Economic brief: OSFI increases capital buffer requirement for Canadian banks
Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...
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Penny Borg || June 16, 2023
Mortgage interest now one of the biggest drivers of inflation
In a twist of irony, the Bank of Canada’s interest rate hikes—meant to slow the economy and bring down inflation—are now one of the leading upward contributors to inflation. Mortgage interest...
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Penny Borg || June 08, 2023
The Bank of Canada delivers another rate hike. Are more on the way?
The Bank of Canada delivered a quarter-point rate hike this week, bringing its key lending rate to 4.75%. Markets had been split over whether the Bank would choose to lift rates at this meeting...
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