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Mortgage costs are less than rate of inflation for first time in 40 years

Posted on September 6, 2021
By Eric MajdalaniMortgage
inflation

Nobody likes to spend more for their daily expenses, so last week’s news of the 3.7% inflation rate was not well received. According to Statistics Canada, it was the largest annual spike since October 1987. A lot of attention has been paid to the rising costs of food or used cars, as well as in…

Economic Concerns Out of Canada’s Control May Affect Rates Later On

Posted on September 9, 2019
By Eric MajdalaniMortgage

This week, we take a break from guest bloggers who have given excellent insight and shared great stories, to focus on more pertinent issues related to the current real estate market and economy. Most, if not all of the mortgage economy is based on interest rates, and this is what this week’s focus is going…

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