In the News Archives - The Personal Mortgage Group

Expanding Real Estate Portfolio, First Time Home Buyer, In the News, Philosophy on Financial Wellness, Planning Your Move, Self Employed, Successful Retirement Planning

How To Cope With Rate Hikes: The PMG’s Advice

With inflation numbers coming in higher than expected fuelled by a number of factors including supply pressures, lockdowns in China and even the war in Ukraine, the BoC has committed to increasing their rate very aggressively until they have achieved their “neutral rate”. The neutral rate is defined as: “the policy rate that will allow the economy to operate at its full potential while keeping inflation at or near the Bank’s 2% target.” This number is typically in the 2% – 3% range. For variable rate holders, this could mean another 1.50% increase over the next year. So, although the pace of increases has accelerated, we are sticking to our advice from the...

Inflation: “Or, How I Learned To Stop Worrying And Love Rising Interest Rates

Ok, we get that it’s hard to love higher rates but hear us out… Most of our clients with variable rate mortgages have seen rates rise before. Many of you had higher rates before you have enjoyed historic lows over nearly the last two years. We’re taking...

In the News, Uncategorised

The State Of The Rates: Summer 2021 Update

There has been a lot of speculation recently on what a post-COVID world will look like as it pertains to interest rates. The hawks out there insist the economy is going to blast off into the stratosphere on the back of a year and a half of pent up demand and people...

Financial Tune Up, Improving Your Home, In the News, Philosophy on Financial Wellness

Opt-Out of Time of Use Pricing

For homeowners who’ve been craving more control over hydro expenses, you’ve been heard. If you’re a homeowner who currently pays Time-of-Use (TOC) electricity prices you can now switch to Tiered prices (if you’d prefer it). Both models have merit. And having the...

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...

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

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...