Today the Bank of Canada announced that they will not be making any change to the Overnight interest rate. Prime Rate will remain unchanged. This is good news for those of you in Variable Rate mortgages! cbc.ca/news/business/…

Home prices rising due to more buyers. Now may be a good time to buy as prices are expected to increase higher. Check out this link for more information, and reach out to your Real Estate professional. globalnews.ca/news/9618932/c…

Renters have to save 50% more for retirement. Please reach out to us to see if buying a new home is feasible for you. And reach out to your Real Estate professional to see what is available in the Market that best suits you! globalnews.ca/news/9619678/m…

Prices are increasing despite slow sales and high borrowing costs. Click below to watch the Real Estate Board of Greater Vancouver’s March 2023 Market Insights. youtu.be/9_mJc-zPyaI

The Bank of Canada has increased their overnight lending rate by .25% today after a brief pause on rate adjustments. This will impact all variable rate mortgages as banks will likely increase their prime rates over the next few days. globalnews.ca/news/9751501/b…

As we had expected, today the Bank of Canada increased the overnight rate by .25%. This is the highest level in more than 22 years. This latest increase means that Prime Rate is expected to increase to 7.2%. globalnews.ca/news/9827110/b…

Today the Bank of Canada announced that they will not be making any changes to the Overnight Rate. Prime rate will remain unchanged. This is good news for those of you in Variable rate mortgages. The next schedule rate announcement is scheduled for October 25th.

Wishing you all a safe and happy Halloween.

As expected, the Bank of Canada has left its policy interest rate unchanged for their 3rd consecutive announcement. This is the longest pause since the rates started to increase in March 2022. The next rate announcement is scheduled for January 24, 2024.

Government extends ban on foreign buying of Canadian housing. The ban was first put in place in 2022 and will now be extended until the beginning of 2027. This rule bans foreign nationals and commercial enterprises from buying residential property in Canada, with some exceptions.

The federal government has just announced that it will be discontinuing the First-Time Home Buyer Incentive Program. No new or updated submissions will be accepted after midnight on March 21, 2024.

As suspected, today the Bank of Canada held their overnight rate and there will be no change to Prime Rate. The Central Bank has softened it’s tone on further rate hikes. With Inflation at 2.9% in January, lets hope that rate reductions are on the way soon!

As suspected, today the Bank of Canada held their overnight rate and there will be no change to Prime Rate. We will be keeping a close eye on any changes in language in their announcement as this may indicate what will happen in the June rate announcement.

The Bank of Canada has cut its benchmark rate by .25% and is now at 4.75% This is the first rate cut in 4 years! Prime rate with most lenders will now be 6.95%! The next rate announcement is scheduled for July 24th.

In the highly anticipated Bank of Canada rate announcement today, the BOC has decided to cut rates for the 2nd consecutive month. Prime rate will decrease by .25% This will put most lenders at 6.70% for Prime Rate. If you have any questions, please feel free to reach out to us.

Bank of Canada has announced that they have reduced the Key Lending rate by .50%! This will help ease some of the burden for people that have Variable rate mortgages. Prime rate has decreased from 5.95% to 5.45% now!

Wishing you wisdom, prosperity, and success in the Year of the Snake! Just as the snake symbolizes transformation and focus, let this year be the one where your dreams—like finding your perfect home—come to life. Here’s to a year of growth, opportunity, and achieving your goals!

With the 6th consecutive rate drop in a row, the Bank of Canada has lowered it's Policy Rate by .25% today. This is not unexpected and we can continue to expect further rate drops for 2025. The Prime rate with most banks will now be 5.20%.

Today, the Bank of Canada lowered the Policy rate by .25% for the 7th consecutive rate drop. This is in reaction to the US trade wars. There is so much chaos and uncertainty that it is difficult to predict outcomes at the moment. The next rate announcement will be on April 16th

Today the Bank of Canada announced that they will not be making any changes to their Policy Rate. This is the 3rd consecutive announcement of no change. Prime Rate will remain the same. Variable Rate mortgage holders will have to wait a while longer for their rates to fall.