Topics covered in Today’s Blog: Introduction Welcome to the Mortgage Professionals Insights Blog, your trusted source for demystifying what goes into the Bank of Canada’s decision-making process when it comes to deciding what to do with interest rates. In this in-depth article, we’ll delve into the latest Bank of Canada interest … Read More
Spring Market Forecast and the latest rate decision from the Bank of Canada
After the Bank of Canada’s second rate announcement of 2023, the prime lending rate will remain unchanged at 6.70%. Topics covered in Today’s Blog: Our job is to help you simplify the mortgage process As your Mortgage Professional, I understand that this past year has been particularly trying for many … Read More
Debt consolidation and the first rate announcement of 2023.
Happy New Year from the Mortgage Professionals! We hope that this new year brings you new opportunities and above all, prosperity and health for you and your loved ones. As your trusted Mortgage Professional, we will continue to help you make informed decisions about your mortgage and keep you up-to-date … Read More
Inflation, the Canadian Housing Market, and the final Rate Announcement of 2022
Today the bank of Canada has made its final rate announcement of the year and has once again raised its overnight lending rate by 0.50%. In today’s blog, we will be your one-stop shop for understanding what this means as a Canadian mortgage holder and what to expect going into … Read More
Bank of Canada Announcement: October 26th Rate Increase
The Bank of Canada announces its sixth rate increase since March 2022. Raising the Prime rate to 5.95% with efforts to combat Inflation.
September 7th: Prime Rate Announcement & Your Trigger Rate
You have likely heard a lot of talk about your “trigger rate” and “trigger points”. How will another Prime Increase affect your mortgage?
Everything you need to know about Trigger Rates.
Increasing interest rates are pushing most borrowers closer to their trigger rate – a level at which their regular monthly payments will not be sufficient to cover the interest.
July 13th Rate Announcement: Bank of Canada increases the Prime Rate rate by 1%.
With recent Bank of Canada interest rate hikes, here is what you need to know about how these fiscal policy changes affect your mortgage. First and foremost, the interest rate hikes directly affect individuals that currently have an adjustable-rate mortgage.
Bank of Canada Business Outlook and Consumer Expectations Surveys | Q2 – 2022
Every Quarter, the Bank of Canada releases its Business Outlook Survey and Consumer Expectations Survey to analyze Canadian businesses and individuals’ general perceptions and current operations. The two combined allow the Bank of Canada to forecast future market trends and gather a broad range of economic perspectives. Below, find the … Read More
Inflation, The Stress Test, and The Difference Between; Fixed, Variable and Adjustable Rates.
With all the recent market changes, finding the best mortgage solution for you is a much larger picture than just finding the best rate.
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