Michael Grabmuller, Home Financing Advisor

08/07/2024

Wednesday's rate cut is welcome news for homeowners with variable rate , whose interest rates track changes in the central bank's policy rate

theglobeandmail.com

08/07/2024

But economists say that even as the central bank's rate comes down by 100 basis points, it would have a muted impact on mortgage rates coming up for renewal

globalnews.ca

05/29/2024

So far, many homeowners have been able to weather the sharp rise in interest rates, with residential mortgage defaults remaining below 0.5 per cent across , the central bank said in its annual Financial Stability Report, published Thursday

theglobeandmail.com

04/11/2024

theglobeandmail.com

01/31/2024

calgaryherald.com

12/20/2023

canadianrealestatemagazine.ca

12/19/2023

"We are proud to have been recognized for the fifth year in a row as Canada's Bank of the Year," said Scott Thomson, President and Chief Executive Officer at Scotiabank

www.scotiabank.com

02/24/2023

www.scotiabank.com

02/22/2023

I can help with advice on buying your first home, investing in an income property, or leveraging your home equity to do something great, like a renovation. Contact me today to learn more.

02/21/2023

The Bank of Canada this week raised their policy interest rate a quarter of a percentage point to 4.5%. It's the smallest increase since the central bank began raising the benchmark rate last March. Tiff Macklem, the Governor of the Bank of Canada, says it marks the start of a "conditional pause" on interest rate hikes. Scotiabank's Chief Economist, Jean-François Perrault returns to the podcast to explain what this means, what it signals for the months ahead and when we might see interest rates start to come down.

Listen to Podcast Here:

www.scotiabank.com

03/02/2022

Bank of Canada has increased their key interest rate by 0.25% to 0.5%.
More increases are likely.

The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades.

05/20/2021

New "stress test" qualifying rate to increase to 5.25% from its current rate of 4.79% effective June 1st. This applies to all conventional (20% or more down payment) and high ratio mortgage (less than 20% down payment) applications.

Minimum qualifying rate for uninsured mortgages will be 5.25 per cent