by Jamie Cunningham | Mar 19, 2020 | Announcements, Bank of Canada, BC, Bills, Blog, Bristish Columbia, City of Prince George, CMHC, Economy, Finance, Homeownership, Interest Rate, Mortgage, Mortgage Broker, Mortgage Changes, Payments, PG Mortgage Broker |
To say the last couple of weeks have been chaotic, would be an understatement. It’s an unsettling time for most people and we are all trying to navigate through with the best of our knowledge and ability. In the mortgage world we have also had some big changes. I...
by Michelle McCullough | Mar 13, 2020 | Announcements, Bank of Canada, Economy, Finance, First Time Home Buyers, Home Equity, Homeownership, Mortgage, Mortgage Broker, Mortgage Changes, PG Mortgage Broker |
BREAKING NEWS: The Bank of Canada drops the key rate another 50 basis points (0.5%)! This is unprecedented territory for interest rates. In at least 10 years, the BoC has never lowered it’s rate twice in the same month and definitely never for a total of 1%. For home...
by Jamie Cunningham | Jul 11, 2018 | Announcements, BC, Blog, Economy, Finance, Homeownership, Interest Rate, Mortgage, Mortgage Broker, Mortgage Changes, Payments, PG Mortgage Broker, prince george |
As many economists expected, the Bank of Canada announced today that it is increasing the overnight rate .25 per cent, the fourth increase since last summer, given strong economic improvements. The economy and job market are performing well, housing is beginning to...
by Jamie Cunningham | Nov 2, 2017 | Blog, Economy, Mortgage |
If you bought a house, or had a mortgage renew roughly five years ago, there’s a chance the struggling economy and the relatively low interest rate environment (at the time) influenced you to “play it safe” and lock in a mortgage term for the next...
by Michelle McCullough | Dec 15, 2016 | Blog, Economy, Homeownership, Mortgage |
Every year, Mortgage Professionals Canada (Canada’s national mortgage broker association) releases a report called The Annual State of the Residential Mortgage Market in Canada. Prepared by MPC Chief Economist Will Dunning, the report is a collection of surveys that...
by Michelle McCullough | Oct 3, 2016 | Announcements, Blog, Economy, Homeownership |
This morning, Finance Minister Bill Morneau announced new housing measures, changes meant to alleviate risk in Canada’s current housing market. The measures include: Standardizing lending criteria for high- and low-ratio mortgages, including a mortgage stress...
