Gerald Achtymichuk - Mortgage Broker

Gerald Achtymichuk || 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...

Gerald Achtymichuk || 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...

Gerald Achtymichuk || 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...

Gerald Achtymichuk || June 08, 2023

The Bank of Canada delivers another rate hike. Are more on the way?

The Bank of Canada delivered a quarter-point rate hike this week, bringing its key lending rate to 4.75%. Markets had been split over whether the Bank would choose to lift rates at this meeting...