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...
by Jamie Cunningham | Jan 20, 2016 | Announcements, Blog, Economy |
Amidst much speculation, the Bank of Canada announced today that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. It appears 2016 is picking up where 2015 left off,...
