Uncategorised Archives - The Personal Mortgage Group

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...

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, Improving Your Home, Philosophy on Financial Wellness, Uncategorised

Geothermal Heating: Good Value or taking one for the team?

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...

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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...