Saskatoon Mortgage Broker Dave Oliver Mortgages

Dave Oliver || 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...

Dave Oliver || 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...

Dave Oliver || July 10, 2024

Fixed Vs Variable over 5 years ..which is better assuming 5 .25BPS rate drops

To compare the interest paid on a $500,000 mortgage with 20 years left on amortization under a 5-year term:4.99% Fixed RateCurrent Variable Rate at 6.2% with Expected Rate Drops:5 drops of 0.25%...

Dave Oliver || July 05, 2024

Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate

Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...