If you’ve been paying attention to the housing market then the phrase “stress test” will mean something to you. Maybe even something bad. The test, which was brought in by OSFI at the start of 2018, is most known for the impact it has on one’s...
By the end of winter most Canadians are chilled to the bone. Once warmer weather starts to warm us up you’re likely to see Albertans soaking up the sun as much as possible. Whether they’re working on freshening up their pasty complexions, washing away the...
In their statement released today the Bank of Canada announced that they will not change the overnight rate. Currently sitting at 1.75% the overnight rate has remained unchanged since October of last year. The Bank had formerly been steadily increasing the overnight...
Earlier this month 40 economists participated in a Reuters poll which showed that the Bank of Canada is not likely to hike interest rates until the end of next year. In addition, the possibility of a rate decrease was listed at 40%. The reason for this is our sluggish...
Millennials are people born between 1981 and 1996. These people today are between the ages of 22 and 37, and worldwide they make up a large percentage of homeowners worldwide. In Canada more than 40% of homeowners are under the age of 35, and in Calgary in particular...
