Here we are at the end of December and the end of another year. It may have been a great year for you or a challenging year. Life is different for each of us. As we head into a new year, do you make resolutions? Last year, I posted a […]
Yearly Archives: 2021
25 posts
The Bank of Canada will hold its rates for the time being – overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent. A few highlights from today’s announcement: Canada’s economy grew by about 5½ percent in […]
I’m generally a very happy person. I like to make my clients happy; I like to keep my children happy; along with all my family and friends. Everyone has tough days so it’s not easy to stay happy – it requires work. Would you agree? I’d like to say it […]
The Bank of Canada did not increase rates last month but there is talk of rate increases into the second quarter of 2022 along with some banks adjusting their rates sooner. The thought of higher rates may create anxiety and stress; however, let’s stay calm and look at the scenarios. […]
The Bank of Canada announced today that there will be no rate change at this time. Our economy is making a recovery, slightly slower than anticipated. Is this good news? It is if you are seeking or renewing a mortgage. The rates are at an all-time low which can certainly […]
As we enter Autumn and the season of Thanksgiving, like many, I find it’s time to stop and feel thankful for all that I have. For those of you that cheer me on, those that support my business, those that put their trust in me, and those that just read […]
There are many answers to this question. Each individual case is different as is the type of insurance. Let’s look at 2 of the most common insurance plans. Mortgage Life Insurance – Mortgage life insurance covers the mortgage payments that are outstanding. This insurance will pay down or pay off […]
As expected, the Bank of Canada held its overnight rate. This announcement is good news for those who are looking for a mortgage or mortgage renewal in the near future. We continue to have competitive rates from our lenders. Key Highlights from the Bank of Canada: Housing market activity pulled […]
If you are feeling overwhelmed about the entire mortgage process, I want to tell you that it is simple. Your mortgage agent or broker should be doing all the work for you! (That’s my job!) There are 5 main steps in the process. Information Gathering – A phone call to […]
We often focus on the banks or credit unions as mortgage lenders. But for those that may not qualify under their rules, there is another option. Banks and credit unions are considered A-lenders. They are a first line lender for those that qualify under their rules. From there, we have […]
