Listening, understanding, empowering: The client-centric values behind HomeEquity Bank Nov 15th
How much income do you need to buy a home in Canada? A look at housing affordability in November 2025 + MORE Dec 24th
Mortgage growth outpaced housing gains in late 2025 + MORE Apr 15th
How to grow your reverse mortgage business by partnering with realtors + MORE Jun 5th
Highclere Capital enters Canada’s mid-market lending space + MORE Feb 23rd
Rental supply gains help cool pace of rent growth in 2024: CMHC
– canadianmortgagetrends.com
Mortgage Digest: HELOC usage rises to near two-year high as borrowing picks up
– canadianmortgagetrends.com
Does buying GICs still make sense after the recent rate cuts?
– moneysense.ca
The Bank of Canada (BoC) recently lowered its policy interest rate by another 50 basis points, from 3.75% to 3.25%. It was the central bank’s fifth consecutive cut.
What does it mean for Canadians as borrowers and savers when interest rate cuts happen? On the positive side, it means we’re starting to get inflation under control, and lenders are beginning to offer lower rates on mortgages and other types of loans. On the downside, it means the interest rates you can earn on guaranteed investment certificates (GICs)—a popular short-term savings vehicle in Canada—have started to drop.
Grow your savings with a high-interest savings account
Because GIC rates are dropping, Canadians are looking for alternatives for their short-term cash savings. High-interest savings accounts (HISAs) are a good option to consider. Whether you’re setting aside money for home renovations, a big trip or a financial gift to help your child buy their first home, HISAs provide more flexibility and liquidity than GICs, meaning your cash isn’t locked in and you can access it when needed…
Housing starts rise from last month, up eight per cent in November: CMHC
– canadianmortgagetrends.com
