Another Weak Canadian Jobs Report For May. Canada’s Jobs Recovery Derailed By Third-Wave Restriction

General Mitchell Goode 7 Jun

This morning, Statistics Canada released the May 2021 Labour Force Survey showing another contraction in employment, albeit not as dramatic as in April. With the geographical broadening in lockdown restrictions in May, employment fell by 68,000 (-0.4%), but almost all of the decline was in part-time work. The number of self-employed workers was virtually unchanged in May […]

The Latest in Mortgage News: Have Home Prices Peaked?

General Mitchell Goode 7 Jun

The seemingly endless run-up in home prices seems to have reached a peak, at least for now. May home sales data from some of the country’s real estate boards showed sales and prices still growing in some regions, but down for their second consecutive month in others following the peak in March. The following is […]

More Seniors to Rely on Home Equity as Part of Retirement Planning

General Mitchell Goode 2 Jun

Almost 8 in 10 Canadians over the age of 55 believe they can’t rely on registered savings and pension plans alone to support a comfortable retirement. Roughly half say that home equity is a vital part of retirement planning, yet many don’t want to downsize from their current home, according to an Ipsos survey commissioned […]

Housing is Driving The Canadian Economy. Housing Drove the Economic Expansion in Q1

General Mitchell Goode 2 Jun

This morning’s Stats Canada release showed that the economy grew at a 5.6% annualized rate in the first quarter, after a revised 9.3% pace in the final quarter of last year. That was somewhat below economists’ expectations. Housing investment grew at an annualized 43% pace, by far the biggest impetus of the expansion. Residential investment […]

First Responder Mortgage Program

General Mitchell Goode 28 May

Excited to launch our exclusive First Responder Mortgage Program, offering better rates and cash back incentives. It’s our way of saying thank you! JUNE 1St 2021 Contact me today for more details!

Insured and Uninsured Mortgage Stress Test Changes Confirmed for June 1

General Mitchell Goode 27 May

Starting June 1, both insured and uninsured mortgage borrowers will be subject to a stricter stress test when qualifying for their mortgage. The Office of the Superintendent of Financial Institutions (OSFI) confirmed on Thursday that it will move ahead with its stress test changes first announced last month, which will apply to uninsured mortgages (typically […]

Housing Market Slowed in April as Renewed Lockdown Took Its Toll

General Mitchell Goode 26 May

Starting to See A Slowdown In Canadian Housing Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from March to April 2021. Over the same period, the number of newly listed properties fell 5.4%, and the MLS Home Price Index rose 2.4%. While home sales fell month-over-month in April, largely due to the new […]

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Mitchell Goode

Mortgage Agent Level 2

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