Another week has   past and the interest rate markets remain extremely low and unchanged. 5 year   funds are available in the 2.84-2.99% range, 10 year funds as low as 3.69%. Variable rate mortgages are   available as low as 2.65%. If you have a variable   rate of any more than prime +.75 […]

Many city residents will have the day off on Good Friday and Easter Sunday, including those who work in most retail stores, grocery stores and liquor stores. Click on link for a full list of what will be open and closed over the holiday weekend… Good Friday: March 29 Closed: Government offices, Banks, LCBO and […]

1. How long have you been in the business? (Ideally, at least two to five years) 15 years 2. How many lenders does your team have “top-tier status” with? (Preferably six to seven or more)10+ 3. Is the rate you’re quoting me the lowest rate for that term on that lender’s broker rate sheet? (If […]

Canada • Citing a more muted inflation outlook and constructive evolution of imbalances in the household sector, the Bank of Canada stated that the withdrawal of monetary stimulus is less imminent than previously anticipated. That surprised markets, and interest rate expectations were ratcheted back and the Canadian dollar fell to a six-month low. • Notably, […]

Industry News   While the Bank of Canada acknowledges the economic outlook here and elsewhere “is slightly weaker” than thought, policymakers are also offering up some hope for the near future.     In a nutshell, Canada’s economy is growing at a slower pace than expected – although a pickup is likely later this year […]

Canada • The Bank of Canada’s Business Outlook Survey revealed that businesses are mildly optimistic about the future. Manufacturing sales also came in better than expected earlier this morning. • The third Canadian data release for the week was the one that had everyone talking. Existing homes sales posted a 17.4% year-over-year drop in December […]

There were no changes to rates over the holiday season. If you have a variable rate of any more than prime +.75 or a fixed rate of 3.75% or more, we should explore the merits of refinancing to a lower rate.  It may result in savings of thousands of dollars and a longer term at […]

Both the mortgage and bond rates remained steady the past week, remaining close to historical lows. We have 5 year money at 2.99% with many lenders,10 year funds as low as 3.79% and variable rates in the prime less .35%(2.65) range. If you have a variable rate of any more than prime +.75 or a […]

As expected, there was no change in the Bank of Canada press release. Bank prime remains at 3%.    This means no changes in variable rate mortgages or line of credit rates.   Fixed rates remain at records lows. We currently have five year money ranging from 2.99% to 3.19%.  Ten year money is ranging from […]

An uneventful week in terms of interest rates. Bonds remained steady with 5 year money currently in the 2.99% – 3.09% range. We still have 10 year funds available at 3.89%. If you have a variable rate of any more than prime +.75 or a fixed rate of 3.75% or more, we should explore the […]