PEI Mortgage Guy | Get the Best Rates on PEI and Expert Advice

Soubhi Abla || July 30, 2024

What does the Bank of Canada rate cut mean for borrowers?

The Bank of Canada's decision to lower its key lending rate by a quarter point to 4.50% brings another small bout of relief to many borrowers, namely those with variable-rate products.This follows a...

Soubhi Abla || July 24, 2024

Bank of Canada delivers second consecutive rate cut

I wanted to share some important news following the latest decision from the Bank of Canada.Today, the Bank of Canada announced a 25-basis point cut to the benchmark rate, bringing it down to 4.50%....

Soubhi Abla || July 17, 2024

Slowing inflation raises Bank of Canada rate cut expectations

Canada's headline inflation rate slowed more than expected to a pace of 2.7% in June, according to new figures from Statistics Canada. That's down from May’s reading of 2.9% and reverses an...

Soubhi Abla || July 12, 2024

Canadian housing market activity picked up in June

The Canadian housing market saw a modest increase in home sales in June, according to the latest report from the Canadian Real Estate Association (CREA). Home sales in Canada rose by 3.7% in June...