Archana Patel - Mortgage Broker

Archana Patel || September 23, 2024

Millennials need help with home ownership

Recent reports from two of Canada’s major banks – CIBC and ScotiaBank – offer a glimpse into the world of millennials and home ownership as well as the impact of the Internet on mortgage...

Archana Patel || September 16, 2024

CMHC Mortgage Cap Raised to $1.5M, 30-Year Amortizations Expanded

The federal government today announced some sweeping changes to Canada's mortgage system in an effort to improve housing affordability and access. One of the key changes...

Archana Patel || September 04, 2024

Bank of Canada cuts policy rate to 4.25%

The Bank of Canada has dropped its policy rate to 4.25%, cutting it by 25 basis points this morning. This marks the third consecutive rate reduction by the central bank this year,...

Archana Patel || August 20, 2024

Inflation continued to ease in July

Canada's headline inflation rate slowed to a pace of 2.5% in July, Statistics Canada reported. The reading was in line with expectations and was down from June's headline figure of 2.7%. The...