BOC Decrease & What That Means For Your Mortgage

General Angela Calla 2 Feb

On the heels of headlines forecasting ‘inevitable interest rate hikes’ came (from left field for many journalists, less so for many Mortgage Brokers) the announcement of a 0.25% rate reduction to the Bank of Canada’s overnight lending rate. The majority of Mortgage Brokers found themselves spending the first two work weeks of 2015 calming clients […]

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Property Assesments As A Measure Of Value

General Angela Calla 2 Feb

When homeowners receive provincial Property Assessment notices, some will smile and have a bit more spring in their step, feeling the assessed value is accurate or perhaps even overly positive. Others will wilt and lament a modest gain or even a decrease in the assessed value over the previous year or period. Reactions will of […]

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Bank Prime reduced finally, by 15 basis points

General Angela Calla 27 Jan

RBC is the first to decrease it’s Bank Prime Rate, they did not do the full 25 basis points that the BOC did however it is still a savings to canadians. See the news release below. The other banks likley will follow stay tuned for details.   http://www.newswire.ca/en/story/1478189/rbc-royal-bank-decreases-prime-rate   For questions or pre approval regarding […]

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