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Pegasus Mortgage Lending Center Inc.

Rates and market news

Where rates are going, what the Bank of Canada did, and what it means for a mortgage.

Canada Rate Cut Odds Soar As Inflation Cools To 2.7% In June

Canada's economy received a welcome surprise in June 2024 as the annual inflation rate cooled to 2.7%, defying the unexpected spike to 2.9% in May.

Toronto Condo Sales

Reasons Why Toronto Condo Sales Tanked 28% In June (2024)

The Greater Toronto Area (GTA) condo market is experiencing a significant downturn, with sales plummeting 28% in June 2024 compared to the previous year. This

Expert Analysis On Bank Of Canada Rate Cut Reality Check

The Bank of Canada's (BoC) recent interest rate cut of 25 basis points has sparked a wave of discussions and debates across Canada, especially in

Canadian Housing Market Cools For 9th Month In A Row: Expert Insights

The Canadian housing market has been on a downward trend for nine straight months, leaving many wondering what's next. Whether you're a homeowner, an aspiring

Bank of Canada Rate

Bank of Canada Rate Cut Ignites FOMO: What Homebuyers Need to Know?

The Bank of Canada's decision to cut interest rates for the first time in over four years has sparked mixed reactions in the housing market.

Expert Insights on The Impact Of Canada's G7 Interest Rate Cut in 2024

In a significant move that reflects broader global economic trends, Canada's recent decision to cut interest rates has captured the attention of financial markets worldwide.

What is Mortgage Payment Shock? A Canadian's Survival Guide to the Economy Crisis in 2024

The year 2024 is shaping up to be a challenging one for Canadian homeowners. With interest rates on the rise and a potential economic crisis

Income Stress Test

Announcement for Borrowers: Prepare for the Incoming Income Stress Test

This action is in response to concerns about increasing risky loans with high debt levels in banks' home loan collections. Canadian borrowers carry some of

Canada Interest Rates on Hold: Bank of Canada Maintains 5% Rate to Fight Inflation

Amidst ongoing worries about inflation and economic uncertainties, the central bank's cautious stance highlights the challenges of balancing economic stability and inflationary pressures. This article

Sales-to-New Listings Ratio (SNLR): The Buyer vs. Seller Market Dynamic

That's where the sale-to-list ratio comes in. It's not just a number; it's a window into the real estate market dynamics. It tells you whether

Is Now The Time To Buy In Canada? Navigating The 2024 Housing Market Maze

Similarly, Toronto's housing market saw a surge in activity during January 2024, with 4,223 sales recorded through the Toronto Regional Real Estate Board's (TRREB) MLS®

Best Canadian Budgeting & Money-saving Apps to Smash Your Financial Goals

These tools have redefined budgeting and saving by introducing simple and accurate methods. But with many options, finding the perfect fit can be overwhelming. Worry