Commercial – marladaniels.com

Bank of Canada probably finished with rate hikes, says CIBC’s Tal

Dec 7, 2023

—

by

in Commercial, Investing, Lending Rules, Mortgage Broker, Mortgage Insurance, Mortgage Rates, New Home

Dovish statement is ‘basically suggesting that the Bank is done’ A “relatively dovish” statement by the Bank of Canada yesterday (December 6) suggested that the central bank’s rate-hiking path is at an end, according to CIBC deputy chief economist Benjamin Tal. The Bank left its policy rate unchanged for a third consecutive decision, with few…

Financing a Foreclosure

Nov 9, 2023

—

by

Marla

in Commercial, Credit Card, Investing, Lending Rules, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Many people look at purchasing a foreclosure because the price is right. If you are thinking of buying one, here are some things you should think about. Once a property is listed as a foreclosure on the MLS, it has gone to a court ordered sale. The dealings will be through the realtor the bank…

Experts predict lower mortgage rates next week as bond yields plunge

Nov 7, 2023

—

by

Marla

in Commercial, Credit Card, Investing, Lending Rules, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation

Mortgage shoppers and those with upcoming renewals may see some rate relief next week thanks to a steep drop in bond yields. This week alone, the 5-year Government of Canada bond yield slid over 30 basis points to 3.79%. It’s now down more than 60 bps—or 0.60%—from its recent high of 4.42% reached in early…

Bank of Canada maintains overnight rate target at 1/2 per cent

Jan 20, 2016

—

by

Marla

in Commercial, Credit Card, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages, Uncategorized

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation in Canada is evolving broadly as expected. Total CPI inflation remains near the bottom of the Bank’s target…

Bank of Canada Rate Update!!!

Oct 22, 2015

—

by

Marla

in Commercial, Credit Card, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Bank of Canada maintains overnight rate. Yet again, the Bank of Canada has opted to keep the target for the overnight rate steady at ½ percent-meaning variable rate mortgages won’t be moving any time soon. The Bank attributed it’s move (or lack thereof) to weaker-than-expected global economic growth and uncertainty surrounding China’s transition to a…

Bank of Canada Rate Update

Sep 9, 2015

—

by

Marla

in Commercial, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Options, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Good news for variable clients and those with lines of credit. Bank of Canada maintains overnight rate! Despite global economic uncertainty fuelled by the situation in China, the Bank of Canada is opting to maintain it’s target for the overnight rate at 0.5% this month-although some economists believe another rate cut may still be in…

Choosing The Right Mortgage Broker Can Save You $1,000’s!

Oct 3, 2014

—

by

Marla

in Commercial, Investing, Mortgage Broker, Mortgage Insurance, Mortgage Rates, Mortgage Refinancing, New Home, Personal LIne of Credit, Personal Loan, Refinance, Renovation, Second Mortgages

Finding the best rate is a FREE service to our clients! More lenders are competing for your business. That’s why more than two out of five Canadian mortgages are now handled by a Mortgage Brokers. Just as an Insurance Broker finds you the best deal on insurance, a Mortgage Broker finds you the best deal…

Category: Commercial

Bank of Canada probably finished with rate hikes, says CIBC’s Tal

Financing a Foreclosure

Experts predict lower mortgage rates next week as bond yields plunge

Bank of Canada maintains overnight rate target at 1/2 per cent

Bank of Canada Rate Update!!!

Bank of Canada Rate Update

Choosing The Right Mortgage Broker Can Save You $1,000’s!