Financial Tune Up, First Time Home Buyer, In the News
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 »
In the Community, In the News
Despite this year being significantly different than most, we are still Walking A Mile in Her Shoes with YWCA Hamilton. We sponsored the YWCA Hamilton’s Walk a Mile in Her Shoes event this year to help bring to light the excellent work the YWCA does...
Financial Tune Up, First Time Home Buyer, In the News
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
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...
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...