Category: Financial updates

Katherine (Kate) Douglas Visit My Website  |  Email Me  |  Call Me Federal government raises CMHC mortgage cap to $1.5M and expands 30-year amortizations for first-time buyers The federal government today announced some sweeping changes to Canada’s mortgage system in an effort to improve housing affordability and access. One of the key changes is the increase in the CMHC-insured mortgage… Continue reading New Mortgage info from Kate Douglas

  Here’s a breakdown of the 5 C’s and how we can frame questions to help our clients: 1. Character Lenders need to get a sense of who they are lending to, so it’s crucial that the application is filled out thoroughly and accurately. By understanding your client’s background, we can build a complete picture… Continue reading 5 C’s of credit thanks to Trish McKean

Katherine (Kate) Douglas Visit My Website  |  Email Me  |  (403) 331-8553 Bank of Canada delivers third consecutive rate cut I wanted to keep you informed about the latest update from the Bank of Canada. Today, the Bank of Canada lowered the policy rate by 25 basis points, bringing it to 4.25%. This marks the third rate cut this year,… Continue reading Message from Kate Douglas

Here’s a link to some important news for those about to renew their mortgage. Thanks to Trish McKean PowerPoint Presentation (sagen.ca)

Bank of Canada Announces Second Consecutive Policy Rate Cut The Bank of Canada reduced its target once again for the overnight lending rate from 4.75% to 4.5%. The move was widely expected by financial markets and marked the Bank’s second rate reduction since the onset of the pandemic four years ago, bringing rates down to… Continue reading Interest rate drops!…again