No change today for the Bank of Canada rate. You can read the full report here. Here’s what the Bank of Canada is saying: The outlook has improved for both the global and Canadian economies. Activity has proven more resilient than expected in the face of the COVID-19 pandemic, and […]
Susan
27 posts
We keep enforcing the impact the pandemic has had on many people. It seems that although COVID cases are still of great concern, the economy is moving forward in small increments. I’d like to advise a few key points between a mortgage deferral and a delinquent payment. No matter what […]
Yes, the Bank of Canada held its rate today (Mar 10, 2021). We are in recovery mode from the COVID pandemic with some “unevenness across regions and sectors.” Here are a few key points from today’s announcement: The US economic recovery appears to be gaining momentum as virus infections decline […]
Is it the Spring? Is it the Fall? Is it this year? Is it next? There’s no magic time. The safe answer: The right time to buy is when you can afford it. Home ownership can be fantastic but it can also be stressful if you’re not financially ready for […]
Often times, we want to go after the lowest mortgage rate. The rate is only one piece of the mortgage package. There is more to the terms of a mortgage than just the rate. Questions that you should consider include: What is the difference between term and amortization? Are terms […]
My credit score is low so I will never qualify for a mortgage? – Fact or Fiction? You just may qualify for a mortgage even if your credit score is low. Rates and terms are typically more restricted with a lower credit score, but with some good budgeting, you can […]
As expected, the Bank of Canada held its rate today at a 1/4 percent. There is some positive outlook as the COVID-19 vaccine begins a rollout; however, the extent of the pandemic globally is still a major concern for recovery. Here are a few highlights taken from the announcement: The […]
