First Time Home Buyer Archives - The Personal Mortgage Group

Expanding Real Estate Portfolio, First Time Home Buyer, Improving Your Home, In the News

The Increased Price of Construction Materials

Hello everyone, It’s Suzanne Boyce the former owner, and while that may be the case, I’m not quite out to pasture yet. Though I must say, COVID has certainly made it feel that way some days! We at PMG wanted to give everyone the heads up that the price of construction material is quickly on the rise due to a shortage of goods. This can be attributed to the following: The extreme slowdown that occurred during the initial lockdown caused a pent up demand in both commercial and residential construction. The general population has adopted home improvement as a replacement for vacations and other fun leisure activities that are now inaccessible. In the following attachments, you will see...

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...

Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, Planning Your Move, Uncategorised

Boyce’s Real Estate Market Update (Or How I Learned to Stop Worrying and Embrace COVID-19)

Ok so maybe it’s too soon to stop worrying altogether. Although, after many weeks of uncertainty, it looks as though economists are sallying forth with fresh predictions about what a recovery will look like. After a very strong first quarter in housing, all bets are...

Financial Tune Up, First Time Home Buyer, Philosophy on Financial Wellness

Refinancing During Covid-19

Refinancing during COVID, is it a good idea? Our lender’s partners are continuing to operate and we are here to help. Whether that’s for a deferral of a mortgage payment or a consolidation of accumulated debt in a refinance. Or is it worth considering a...

Financial Tune Up, First Time Home Buyer, In the News

Rate Update – May 2020

With all of the economic upheaval in the last 2 months, we have seen the Bank of Canada drop their overnight rate down to 0.25%. It is projected to stay there for the foreseeable future. Any hope of an economic recovery is tied to a potential vaccine and until we have...

Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, In the News, Philosophy on Financial Wellness

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...