Bank of Canada lowers overnight rate target to ¾ percent FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario March 13, 2020 The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¾ percent. The Bank Rate is correspondingly 1 percent and the deposit rate is ½ percent. This…
DetailsAlthough most people have heard the term bridge financing, very few understand what it is and how it works. Recently plenty of clients have come into our offices in need of this type of financing. I figured I would take this opportunity to demystify this sometimes overlooked and deal saving solution. First, let us look…
DetailsI just returned from spending a few days at the Mortgage Forum 2012 in Vancouver. The event is organized by the Canadian Association of Mortgage Professionals or CAAMP. Before I left for the conference I told all my clients and friends that my mom lets me go to CAAMP. Gotta love bad mortgage humor… CAAMP…
DetailsEveryone has in some form or another heard of Habitat for Humanity but few in Quebec have heard of the ReStore. As their website states, “The Habitat for Humanity Montreal ReStore sells quality, new and gently used furniture, appliances, home décor items, building and renovation materials to the public at greatly reduced prices.” All proceeds…
DetailsOn Tuesday, January 22nd, the North East Mortgage, and Insurance team returned to the radio waves with our regular call-in radio show format on CJAD 800AM. This time the show was hosted by CJAD’s Barry Morgan. New CJAD banner, a new studio New “on air” neon sign This time I sat with the producer and…
DetailsThis past weekend I was reorganizing my chaotic office and came across an old issue of Mike Holmes’ magazine. In it, there was an interesting article about first-time buyers called “The first time home buyer’s guide” published in the May 2011 edition. In the article, Nathalie Rodriquez outlines a step-by-step process to buying your first…
DetailsHey everyone, hope you are all eager for an early spring. I don’t mind winter but this year I’m looking forward to a nice spring and with spring in the air many of you may be thinking about selling and perhaps upgrading to a larger home. Selling and buying are not too tricky but here…
DetailsRadio Questions April 5, 2014 1 I had to pay the welcome tax when I bought out my ex. Was it because it was a duplex? Normally when you buy out a spouse or a property is transferred from a parent to a child then you do not have any welcome tax to…
DetailsWhy Isn’t My Home Selling? – 5 Mistakes to Avoid By: Eleni Akrivos – mtltimes.ca More than a few years ago, it used to be that in Montreal and surrounding areas, your real estate agent would put up the sign for sale in front of your home, and in a matter of time, it was…
DetailsThe central bank says economy performing in line with expectations laid out in January By Pete Evans, CBC News Posted: Mar 04, 2015 10:09 AM ET Last Updated: Mar 04, 2015 4:57 PM ET The Bank of Canada kept its benchmark interest rate steady at 0.75 percent on Wednesday, a sign the bank thinks there’s no need for another…
DetailsThe Globe and Mail – April 2, 2015 Canada’s federal housing agency is raising mortgage insurance premiums as part of a plan to boost its capital reserves. Canada Mortgage and Housing Corp. said it is raising premiums on the highest-risk mortgages – borrowers who have down payments of less than 10 percent – by 15…
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