by Frances Hinojosa | Jan 18, 2017 | Announcements, Blog, Mortgage
Looks like 2017 begins the same way 2016 ended, with the Bank of Canada announcing that it has maintained its target for the overnight rate at 1/2 percent. While the Bank Rate is correspondingly 3/4 of a percent, with the deposit rate holding steady at 1/4 percent as...
by Frances Hinojosa | Dec 7, 2016 | Announcements, Blog, Mortgage
No big shocker here, in the final rate announcement of 2016, just as every economist in the country predicted, the Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per...
by Frances Hinojosa | Nov 15, 2016 | Announcements, Blog, Economy, Homeownership, Mortgage
Well, after many years of unprecedented low interest rates in Canada, it appears the Canadian government by way of rule changes, and the American government by way of Trump, are impacting mortgage rates. Simply put, the Canadian government has recently made it more...
by Frances Hinojosa | Nov 9, 2016 | Blog, Economy, Finance, Mortgage
Although the recent changes to mortgage qualification introduced by the government were intended to create stability in the Canadian housing market, the unintended consequences might have been to make the waters a little muddier. For the first time, it looks like...
by Frances Hinojosa | Oct 19, 2016 | Announcements, Blog, Mortgage
With all the recent government activity meant to bring stability to the Canadian housing market (read cool down Vancouver and Toronto), its no surprise that the bank of Canada has decided against making any drastic changes to the overnight rate in their announcement...
by Frances Hinojosa | Sep 22, 2016 | Blog, Economy, Mortgage
Before reading this you should be warned that the following content is pretty dry… like eating 8 saltine crackers without drinking water dry. If you need to go and get something to drink before proceeding, no worries, we will wait here. Take your time. The...
