The State Of The Rates: Summer 2021 Update

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 returning to work after some pretty severe disruption. The doves take a more cautious approach, noting the government stimulus that has kept the Canadian economy chugging along throughout the pandemic is about to run out which may actually have a slight cooling effect. For those clients of ours currently in variable rate mortgages, most market watchers are expecting the Bank of Canada (BoC) to keep their rate flat until mid 2022...

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Canadian Economic Update

Canadian Economic Update

Here’s the Economic Update: We were lucky enough to hear a presentation on rates from CIBC’s Chief Economist Benjamin Tal on Monday morning at the National Mortgage Conference.  Here is the gist: The US central bank (Federal Reserve) has dropped their rate 3...

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. We are still fully operational but will not be seeing clients in person. Thank you for your understanding and please take care of yourselves.