Mortgage Strategy Articles & Guides
Recent Smith Manoeuvre Articles
Featured
Banks use T4 income to qualify you. Self-employed borrowers often earn far more than their tax return shows. Here's how to get a mortgage in Toronto when your write-offs work against you.
Compare cash damming vs the Smith Manoeuvre in Canada. Learn how each strategy works, the tax implications, CRA tracing requirements, risks, and which approach may fit your situation.
Headline inflation jumped to 3.2% in May, driven largely by higher gasoline and grocery prices. But beneath the surface, the inflation measures the Bank of Canada watches most closely remain near target levels. The latest data suggests this is still an energy-driven inflation story, not a broad-based resurgence in price pressures.
Canada delivered a surprisingly strong jobs report last month, adding 88,000 jobs and significantly outperforming expectations. At the same time, GTA home sales climbed 10% month-over-month while active listings continued to decline. Although demand remains below long-term averages, signs of recovery are emerging as supply tightens and pent-up buyer demand slowly returns.
Canada’s economy officially entered a technical recession last week, but the bigger story is what’s happening underneath the headline. Weak consumer savings, slowing income growth, and soft private sector hiring are painting a picture of a stretched economy — and that could have major implications for mortgage rates moving forward.
