Interest Rate Update August 2020

Interest Rate Update August 2020

Is now finally the time to consider locking in? What a time of uncertainty!   With the kids heading back to school in September, nearly all of the conversations we are having right now loopback at some point to the potential threat of a second wave. That second wave looms over real estate in the form of a “buy-before-the-2nd-wave” mindset.  It also looms over the calendars of parents who are planning for back-to-school. How does the threat of a potential 2nd wave impact interest rates?  Similar to those parents who prepare themselves emotionally for a second school shutdown, the Bank of Canada is preparing to take another hit. The BoC has kept interest rates low at 0.25% and...

Read more »

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.