Rate Update

Rate Update

The Bank of Canada dropped its overnight rate down by 0.50% as a response to the global economic slowdown resulting from the Covid-19 crisis   Bank Prime was at 3.95% and will be dropping to 3.45%.For variable rate clients, you can expect to see your rate drop at the beginning of April. Meanwhile, fixed rates are also dropping and we appear to be heading towards another stretch with extraordinarily low fixed rates. There is some speculation from the economists we follow that we could see another rate drop as early as April, as a reaction to the very recent struggles in the oil & gas sector   Some economists project -0.3% GDP for April to June this year, which would put us in a similar...

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Suzanne is Officially Retiring

Suzanne is Officially Retiring

After nearly thirty years at the helm of The Personal Mortgage Group, Suzanne is “retiring”. I put the term retiring in quotes because, as any of you who have worked with Suzanne would know, she’s not the type to slow down. Suzanne is kicking off her “retirement” by...

Keeping ahead of COVID-19

In the interest of helping to slow the spread of Covid 19 the PMG has decided to close the office to the public beginning Monday March 16th. We are still fully operational but will not be seeing clients in person. Thank you for your understanding and please take care of yourselves.