Melissa Elliot - Mortgage Broker

Melissa Elliot || 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...

Melissa Elliot || 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...

Melissa Elliot || November 30, 2022

Canada set to grow in different ways

The Canadian economy is poised to grow again, but in a very different way according to the Bank of Canada’s (BoC) recently-released Monetary Policy Report. The BoC expects global economic growth to...

Melissa Elliot || November 30, 2022

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...