Brian Patey Mortgage Broker NL: The Mortgage Group

Brian Patey || July 24, 2023

Canadians are boosting savings amid economic concerns

Canadians aren’t taking any chances when it comes to their financial future as they prepare for the possibility of a forthcoming recession. According to data from TransUnion Canada, over a third...

Brian Patey || July 19, 2023

Are there any government programs or incentives for first-time homebuyers in Canada?

Here are some notable programs for first-time homebuyers in Canada:Canada-wide programs: The First-Time Home Buyer Incentive (FTHBI) is a program introduced by the Canadian government to assist...

Brian Patey || June 22, 2023

Economic brief: OSFI increases capital buffer requirement for Canadian banks

Canada's banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has announced an increase in the capital buffer requirement for the country's largest...

Brian Patey || June 16, 2023

Mortgage interest now one of the biggest drivers of inflation

In a twist of irony, the Bank of Canada’s interest rate hikes—meant to slow the economy and bring down inflation—are now one of the leading upward contributors to inflation. Mortgage interest...