Bank of Canada Announces Prime Rate Increase

As expected prime rate increased a quarter percent this morning. This affects variable rate mortgage holders $13/month per $100,000 mortgage balance as well as home equity line of credit holders. No changes to fixed-rate mortgages. https://www.bnnbloomberg.ca/bank-of-canada-raises-key-rate-to-1-75-1.1157338?fbclid=IwAR3TV-nRApNEhbPWMyx4vIcN1v7jFNWPW8ORjEO45nlsoBAhJYMj2eqqwGM

Bank of Canada Prime Rate Change -Jan 18

The Bank of Canada increased prime rate this morning by a quarter percent. If you have a variable rate mortgage, this will increase .25%   http://www.cbc.ca/…/…/bank-of-canada-rate-decision-1.4490918

Experience working for you!

I’m honored to display another ‘Summit 5’ for 2017 representing the top 5% of TMG brokers in Canada. Like anything in life, it’s hard work and determination…and in my world it still happens one mortgage at a time. Thanks to my clients who trust me with their dreams! 2017’s award can now make friends alongside …

Read moreExperience working for you!

Equifax Breach May Affect Canadians….

As you may have heard Equifax Breach May Affect Canadians. A security breach at credit-monitoring company Equifax Inc. that could affect up to 143 million people in the United States has also exposed “limited personal information” for an undisclosed number of Canadians. Equifax said its core credit-reporting databases don’t appear to have been breached. Equifax …

Read moreEquifax Breach May Affect Canadians….

Ottawa, please don’t paint all housing markets with the same brush!

There has been many recent changes in the mortgage industry since Oct 2016 which have impacted home ownership with hopes of making needed changes in inflated housing markets in Vancouver and Toronto, although the changes were implemented nation wide. Our company’s very own Mark Kerzner and our professional association, Mortgage Professionals Canada’s have gone to …

Read moreOttawa, please don’t paint all housing markets with the same brush!

1st time home buyer in 2016? Make sure to file for your tax credit!

It is that time again, tax season!  If you bought your first home in 2016 make sure you take advantage of some tax savings! With the cost of your new home, a down payment, moving, closing costs and a brand new mortgage, you’ll enjoy a bit of a break on your income tax! /http://www.cra-arc.gc.ca/hbtc/