Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, In the News, Philosophy on Financial Wellness
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... Read more »
Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, In the News
From the day I started here at Personal Mortgage Group 8 years ago, I have been talking about the “stress test”. It is an integral part of the mortgage formula and something that decides the fate of so many buyers looking to get into the real estate market. What...
Expanding Real Estate Portfolio, Financial Tune Up, First Time Home Buyer, In the Community, In the News
Greater Hamilton-Burlington Area According to data released March 3 by the Realtors Association of Hamilton-Burlington, year over year sales activity from February 2019 to February 2020 has increased on average by 25%. Prices also following this trend with year over...
Financial Tune Up, First Time Home Buyer, Improving Your Home, Philosophy on Financial Wellness, Uncategorised
Hello clients, it’s your old pal Bitey the sad polar bear. I am here to talk to you about stuff that is super important to me; geothermal homes and green technology! Increasingly, environmentally conscious homeowners are looking to new products and technologies to...
Financial Tune Up, First Time Home Buyer, Philosophy on Financial Wellness, Planning Your Move
Lawyers Amiright? (insert tired lawyer joke here) After the recent experience of one of my clients purchasing their first home, I was inspired to write this note on finding good lawyers to handle the legal end of financing. Without getting into too many details,...
