Jolynn Snowden. Licenced Mortgage Agent with Redkey Mortgage Group

10/29/2025

Mortgages are simple for us; let us make them simple for you!
BOC lowers its overnight rate, affecting the prime lending rate. As low as 3.55% today

01/22/2025

Just loving the new branding!

Mortgages are easy for us... let us make them easy for you.

Whether you are buying, refinancing, or just renewing your mortgage, we have the knowledge and resources to help you along the way.

Reach out today!

12/04/2024

This is an excellent read for all mortgage holders.

The central bank is set to make its final rate announcement of 2024 on December 11.

10/23/2024

07/24/2024

Bank of Canada lowers key interest rate to 4.5% - watch live at 10:30 AM ET

Governor Tiff Macklem and senior deputy governor Carolyn Rogers will hold their press conference about the decision on the back to back rate cuts. Remember to reach out to your databases!

https://www.bankofcanada.ca/multimedia/press-conference-monetary-policy-report-july-2024

Release of the Monetary Policy Report – Press conference by Governor Tiff Macklem and Carolyn Rogers, Senior Deputy Governor (10:30 (ET) approx.).

02/26/2024

Homeowners and renters could find some relief from soaring housing costs as economists forecast that not only is The Bank of Canada not expected to hike rates further, they are actually predicted to cut rates by 50 to 100 basis points in the second half of 2024.

Looking to ?

The traditional thinking is that a 5-year fixed rate is a safer bet. However, from the ‘rate drop’ perspective analyzed above, if you lock-in a higher rate for too long, you risk paying too much. Therefore, a shorter fixed rate term, such as a 1-3 year fixed rate, could help position you for lower rates in 2024-2026, assuming the economist forecasts are correct.

Not sure where to start? Let's start with a pre-approval to make sure we're on the right track. We'll dive into your mortgage options including product, rates, and everything in between to ensure you are getting the right mortgage to fit your needs.

We’re ready when you are - reach out today! https://red-key-mortgage.mtg-app.com/signup?brokerName=jolynn.snowden&brokerId=47537858-79d3-4b89-9d5c-875100e8003b

10/25/2023

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

The global economy is slowing and growth is forecast to moderate further as past increases in policy rates and the recent surge in global bond yields weigh on demand. The Bank projects global GDP growth of 2.9% this year, 2.3% in 2024 and 2.6% in 2025. While this global growth outlook is little changed from the July Monetary Policy Report (MPR), the composition has shifted, with the US economy proving stronger and economic activity in China weaker than expected. Growth in the euro area has slowed further. Inflation has been easing in most economies, as supply bottlenecks resolve and weaker demand relieves price pressures. However, with underlying inflation persisting, central banks continue to be vigilant. Oil prices are higher than was assumed in July, and the war in Israel and Gaza is a new source of geopolitical uncertainty.

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

10/10/2023

Alberta Housing Market Update.

Alberta remains in a seller's market.