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Groupe hypothécaire Expert Mortgage Group || February 06, 2023

British Columbia’s “cooling-off period” now in effect

As of January 1, 2023, British Columbia became the first jurisdiction in Canada to implement a rescission period for real estate transactions, also known as a "cooling-off period.” The amendments...

Groupe hypothécaire Expert Mortgage Group || January 30, 2023

Bank of Canada hikes rates by 0.25%, but is now likely to hit the pause button

The Bank of Canada delivered its eighth consecutive rate hike on Wednesday, January 25, but said it would likely now pause to assess the impacts of its rate hikes to date. As expected, the Bank...

Groupe hypothécaire Expert Mortgage Group || January 25, 2023

Bank of Canada Raises Rate by 25 bps

Bank of Canada RaisesRate by 25 bpsThe Bank of Canada raised its key lending rate by 25 basis points this morning, bringing it to 4.50%.This is the eighth consecutive rate increase from the Bank of...

Groupe hypothécaire Expert Mortgage Group || January 12, 2023

What you need to know about Canada’s new foreign buyer ban

The start of the new year saw Canada’s new foreign buyer ban officially come into effect. The two year-ban, originally passed by Parliament in June to help address housing affordability...