Judy Conrad, Mortgage Broker, Mortgage Connection

06/06/2024

A Collective Sigh of Relief As The BoC Cut Rates For the First Time In 27 Months Today, the Bank of Canada boosted consumer and business confidence by cutting the overnight rate by 25 bps to 4.75% and pledged to continue reducing the size of its balance sheet. The news came on the heels of […]

04/13/2023

Regarding yesterday's Bank of Canada rate announcement, our Chief Economist weighs in.

The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues to exceed supply, wage gains are too high, and labour markets are still very tight. The B...

03/09/2023

Our Chief Economist's outlook regarding today's Bank of Canada rate announcement.

As expected, the central bank held the overnight rate at 4.5%, ending, for now, the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tightening. This is the first pause among major central banks. Economic growth ground to a halt in the four...

02/14/2023

Happy Valentine’s Day! Most of us like where we live, but we might not love it. Have you fallen out of love with your home? No sweat! We have the tips to help you fall in love with your home, all over again. Cleanse and Purge Depending how long you have lived in your home, […]

01/25/2023

The Bank of Canada starts 2023 with another interest rate hike...🏠

No Surprises Here: The Bank of Canada Hiked Rates By Only 25 bps, Signalling A Pause As expected, the Bank of Canada–satisfied with the sharp decline in recent inflation pressure–raised the policy rate by only 25 bps to 4.5%. Forecasting that inflation will return to roughly 3.0% later this year...

04/13/2021

Outside of the mortgage space, the terms “mortgage broker” and “mortgage specialist” would seem interchangeable - but they aren’t.