Mortgage Payment Deferrals

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Mortgage Payment Deferrals *Taken directly from the website of each financial institution ____________________________________________________________________________ First National Apply here: https://mymortgage.firstnational.ca/Account/PaymentDeferral?languagecode=en-ca   Keeping you informed: COVID-19 Updated March 27, 2020 The health and safety of our employees and customers is of the utmost importance. As the situation around COVID-19 continues to evolve, we want to let you know…

COVID-19 Government Assistance Programs

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* As indicated on the Government of Canada and Quebec websites as of 28/03/2020    Federal Government ______________________________________________________________ Support for individuals and families ______________________________________________________________ Increasing the Canada Child Benefit An extra $300 per child through the Canada Child Benefit (CCB) for 2019-20. This will mean approximately $550 more for the average family. This benefit will…

Fact and Fiction about Payment Holidays

Market Updates

With everything going on in the world today, it would be nice to believe that the banks and governments would allow Canadians to take a break from paying bills, however, this is simply not true. The government of Canada, in the midst of this Covid-19 outbreak, has made recommendations to Banks and Financial institutions. Part…

Poloz raises rates on overnight rate

Bank of Canada Holds Rates!

Interest Rate

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…

BUILD A PLAN TO MOVE INTO YOUR HOME

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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…