Peter Costabile's blog

Some Government reports say Employment got slightly better in December, another said slightly down. What’s true? It’s a Big Country: Alberta may be running hot & Quebec steady while BC is a little off & Ontario maybe in bad shape. There’s definitely no booming jobs market in Canada. But the Trend is ominous, Tariffs, if they happen would be devastating. Most importantly WORRY over trade may simply push Manufacturing to the USA where 340 Million consumers live. Lay-offs accelerate: what happens to mortgage rates & real estate: initially Variable Rates fall as the BoC cuts aggressively to...

Bobbi Ann was elected as Haldimand-Norfolk MPP in the 2022 election as the province’s lone Independent MPP.

In doing so, she was the first Independent MPP elected without previously being elected with a main party since 1905. Bobbi Ann was also the first female Independent MPP elected in Ontario ever. 

Bobbi Ann Brady is a straight shooter.  Bobbi Ann was known as the girl who ‘gets things done’ in her former role as Executive Assistant to MPP Toby Barrett for 23 years.

Born and raised in Haldimand-Norfolk, Bobbi Ann has a deep-rooted pride for our area and its people.

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Bank of Canada Governor Tiff Macklem launched the central bank’s review of its framework, but strongly suggested that officials are likely to re-endorse the bank’s current approach to targeting two per cent inflation.

“Now is not the time to question the anchor that has proven so effective in achieving price stability,” Macklem said in prepared remarks of a speech in the Toronto area on Friday, marking the first time since 1995 that the bank has closed the door on rethinking the 2% target.

Instead, Macklem said the central bank needs to focus its resources “on the most pressing and...

Full explanations on a blanket appraisal has been used for 30 years in New Construction, check out Ron's view points on this. It started with Single Family Homes years ago & was meant to provide ease & comfort to New Home Buyers, the new home property value was guaranteed on completion to be the same as the purchase price. And for 30 years it worked. It's not illegal or unethical or criminal, it's normal But Ron breaks down why it's DIFFERENT in a 6 year Hi-Rise Condo Building cycle #realestateadvice #mortgage #recession #finance #podcast #mortgageindustry #mortgagebroker #financialshorts...

http://x.com/i/status/1888998978336997463

Today, we’re diving into something that impacts every Canadian’s wallet—TARIFFS. You’ve probably heard about them in the news about the tariff war, but do you really know who benefits from them, who really pays the price, and how they’re affecting home prices and real estate? The U.S. government is imposing new 25% tariffs on most Canadian goods, and in response, Canada is slapping 25% retaliatory tariffs on U.S. goods. But what does this mean for you, your grocery bill, home renovation, and even your ability to afford real estate?

Maybe it’s time: Many 5 – Year Fixed Rates are falling, many are starting with a “3” 3.99%, 3.89% can be had right now that is just for Hi=Ratio CMHC mortgages but we will soon see Conventional Mortgages below 4%. If you have a 5.89% or 4.89% Rate should you pay the penalty, break the mortgage & get a 3.99% Rate? The KEY is Math: you need to know your penalty right from the Lender, next is find the lowest rate: Go to WOWA or Ratehub find the rate & then get written verification you qualify, then study the time before your renewal occurs, if the renewal is within 18 months there may no...

MORTGAGE INTEREST RATES  As of January 31, 2025,

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• The lowest 1-year fixed insured mortgage rate is 4.79%, which is 50 bps lower than 30 days ago and 50 bps lower than 7 days ago

• The lowest 2-year fixed insured mortgage rate is 4.19%, which is 70 bps lower than 30 days ago and 30 bps lower than 7 days ago

• The lowest 3-year fixed insured mortgage rate is 3.99%, which is 15 bps lower than 30 days ago and 10 bps lower than 7 days ago

• The lowest 4-year fixed insured mortgage rate is 4.19%, which is 1 bps lower than 30 days ago and 0 bps higher than 7 days ago

• The lowest 5-year...

A home is usually the single largest investment that most people make in their lives. Achieving your dream can be made easier by taking advantage of various Government Programs for home buyers and property owners. Some of the programs are targeted to first-time buyers, while others apply more generally. Other programs benefit those in the industrial, commercial and multi-unit property market. Your REALTOR can provide information on these programs and help you to determine your eligibility.

• CMHC Purchase Plus Improvements Program
• RRSP Home Buyers' Plan
• 5% Down Payment Program
• HST New...