Kristen Mancini - Mortgage Agent License # M19002042

06/04/2025

📣 Bank of Canada Rate Announcement – June 2025 Update

The Bank of Canada is holding its key interest rate steady at 2.75% for the third straight month. 🇨🇦

Here’s what you need to know:

🔹 Economic Growth: Q1 growth beat expectations at 2.2%, but signs point to a weaker Q2.
🔹 Housing: Resale activity is down, and consumer confidence is slipping.
🔹 Jobs: Labour market is softening—unemployment has risen to 6.9%.
🔹 Inflation: Down to 1.7% overall
🔹 Global Factors: Ongoing tariff uncertainty, especially from the US, is keeping markets on edge.

🎯 Bottom line: The Bank is waiting for more clarity on trade before making its next move. Uncertainty is high, but inflation control remains a top priority.

🗓️ Next rate announcement: July 9, 2025.

Have questions about how this affects your mortgage or refinance options? I’m here to help. 💬

11/05/2024

10/24/2024

10/17/2024

Smart Money Moves Today, Homeownership Tomorrow 🏡

Managing your finances can feel overwhelming, especially in your 20s & 30s, but it’s essential if homeownership is your goal. As a mortgage agent, I’ve seen firsthand how financial missteps like credit card debt and poor savings habits can delay dreams of owning a home. Here’s what I tell my clients during the early stages of the homeownership journey:

🔹 Track small expenses – Little purchases can add up fast and hurt your savings potential.

🔹 Avoid carrying credit card debt – High-interest balances will make it harder to qualify for a mortgage later.

🔹 Start saving early – A small emergency fund can keep you on track, even when life throws surprises.

🔹 Balance debt repayment and savings – You need to reduce debt AND build savings for that down payment.

Remember, financial stability isn’t just about paying bills—it’s about building a future. Planning well now means fewer financial hurdles when you’re ready to buy your first home. Let’s chat if you have questions about getting financially prepared for a mortgage.

🏡💰 Your dream home starts with smart money management!

09/29/2024

09/29/2024

01/06/2024

Your tailored mortgage journey awaits 💡

Ready to discuss your options? 💬

01/05/2024

With the current rate at 5%, experts expect rate cuts soon. This post summarizes predictions by the big 6 banks for 2024 year-end. 🔮

Although the Overnight Rate is different from the Prime Rate (currently 7.20%), they usually change together. Good news for borrowers: lower rates mean more borrowing power. 📈

Let’s keep your mortgage application updated to maximize your borrowing potential throughout the year. 🤝

source: t.ly/ce76s

01/02/2024

Save this post so you can easily reference it later.

January 24
March 6
April 10
June 5
July 24
September 4
October 23
December 11

These are the dates that the Bank of Canada has scheduled to make the interest rate announcements for 2024. This is when the Bank of Canada will announce changes to the overnight rate. These announcements are particularly relevant for homeowners with variable rate loans and mortgages.

#2024