Mortgage Update – St Patricks Day 2020

General Michael James 17 Mar

I have been waiting for things to stabilize before making any client facing communication but we aren’t there yet… firstly, these chaotic moments will pass. The mortgage rate market is sorting itself out as lenders figure out risk vs. hysteria. Prime Rate has come down a full 1% in March and further cuts expected. Bond […]

Read More

Rate Forecast 2019 – Is the train losing it’s steam?

General Michael James 6 Dec

Tempered Rate Forecasts for 2019 STEVE HUEBLDECEMBER 6, 2018 Share via: 0Shares Floating-rate mortgage holders who had feared the Bank of Canada’s recent full-steam-ahead view towards continued rate hikes can take a breather—at least for now. The central bank adopted a more dovish stance at yesterday’s rate hold announcement, which confirmed a growing chorus of […]

Read More

Oct 24th – Bank of Canada raised rates again 5th time since 2017

General Michael James 24 Oct

RBC, TD, CIBC and BMO raise prime rates following Bank of Canada interest rate hike     As was universally expected, the Bank of Canada’s Governing Council hiked overnight rates this morning by 25 basis points taking the benchmark yield to 1-3/4%. This marked the fifth rate increase since the current tightening phase began in […]

Read More

Good Video on BNN Home buying intentions

General Michael James 4 Apr Interesting news shared in this segment. Education to the current status of mortgage lending available is key to all prospective buyers. I welcome the chance to help. BNN – CDN home buyer intentions

Read More

Global News- New Mortgage Rules 2018 – the new era

General Michael James 13 Dec

New mortgage rules 2018: A practical guide By Erica Alini National Online Journalist, Money/Consumer  Global News 13 2.5k   424     more WATCH: New mortgage rules mean you might have to buy a smaller home. – A A + Listen Come Jan. 1, 2018, Canadians getting, renewing or refinancing a mortgage might have to prove that they would be […]

Read More