As the financial storm moves into the Canadian economy the Bank of Canada as expected has chosen to forgo on the rate increases as they once had promised would happen. The main reasons for the decision come from lower than expected GDP numbers and from the decision that Alberta government has taken to reduce oil production starting…
There’s nothing quite like stepping into your dream home for the very first time. You have achieved your goal of homeownership! However, the journey from home seeker to home buyer can be challenging – unless you have a well-defined plan and guidance from the right professionals. As a mortgage broker, here’s how I will help…
FOR IMMEDIATE RELEASE Media Relations 613-782-8782 Ottawa, Ontario October 24, 2018 Available as: PDF The Bank of Canada today increased its target for the overnight rate to 1 ¾ per cent. The Bank Rate is correspondingly 2 per cent and the deposit rate is 1 ½ per cent. The global economic outlook remains solid. The US…
The Bank of Canada today maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent. Global economic activity remains broadly on track with the Bank’s April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the…
Rising rates & toxic debt. Just how big is the problem and what can be done about it? This is the million dollar question or should I say the $2 Trillion question. In the tail end of last year, Canadians amassed an astonishing $2 Trillion dollars of debt. Three-quarters of this debt come from mortgages, the…
Education in real estate is a key element in a successful real estate or financial decision you make. In 1999 when I got into this crazy world of finance I realized early on that consumers lacked in this fundamental component. I have personally witnessed the ruin of many a man and woman. Trusting underqualified financial security…
Banks hiked prime rate as BoC pumps up the Policy Interest Rate. The big banks wasted no time today in increasing the prime rate, as the Bank of Canada raised the key overnight rate. This is the second such increase in the last couple of months. We have seen the rate go from .50% to…