Gina Monaco - Mortgage Broker

Gina Monaco || February 06, 2023

British Columbia’s “cooling-off period” now in effect

As of January 1, 2023, British Columbia became the first jurisdiction in Canada to implement a rescission period for real estate transactions, also known as a "cooling-off period.” The amendments...

Gina Monaco || 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...

Gina Monaco || 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...

Gina Monaco || January 04, 2023

The New Year -- here's what I'll be watching in 2023

It was a year that started with Canadian house prices reaching their highest levels ever. Unfortunately, that wasn’t the only thing rising. Inflation hit a 40-year high over the summer, prompting the...