by Josh | Jan 9, 2019 | Mortgage Rates, Mortgage Tips & Advice, News
Matching expectation the Bank of Canada this week announced that it was keeping interest rates steady which keeps prime at 3.95% for the foreseeable future. Global trade uncertainly along with adjusted growth numbers for the last two years have put interest rate increases on hold.
by Josh | Sep 6, 2018 | Economic, Mortgage Rates, News
The Bank of Canada’s rate, known as the target or overnight rate, affects the interest rate borrowers and savers are offered from retail banks on savings accounts, mortgages, and other financial services. The Bank raises its rate when it wants to cool down a hot... by Josh | Jun 15, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized, Videos
If your home isn’t getting enough attention from buyers, there could be multiple reasons why it’s not selling. Today I’ll be speaking about nine different reasons why this might be happening to you. Your photos are terrible.Buyers go online to look... by Josh | Jun 8, 2018 | Credit Analysis, Economic, Featured, Mortgage Blog, Mortgage Products, Mortgage Rates, Mortgage Tips & Advice, News, Uncategorized, Videos
Securing a mortgage is perhaps the most difficult part of the process of buying a home. That process is made easier if you have an expert by your side. However, given how rarely we buy homes or refinance our loans, far fewer people know what to look for in a mortgage... by Josh | May 17, 2018 | Economic, Mortgage Blog, Mortgage Rates, News
2018 is the year of mortgage renewals in Alberta! This has been Mortgages for Less’ busiest year with mortgage renewals. A CIBC Capital Markets report says that an estimated 47 per cent of all existing mortgages will need to be renewed this year. A normal year sees 25... by Josh | May 9, 2018 | Mortgage Rates, Mortgage Tips & Advice, News
On May 9th, the Bank of Canada raised its Benchmark Qualifying rate. The Benchmark rate is the median average of the 5-year posted rates from the major six banks. Given recent rate increases over the past few weeks, that median rate increased this week by 20 basis...