Rajesh Arra - Mortgage Agent

04/12/2023

https://apple.news/ARTZiZ0a5TcaQFN39OgX-fQ

The Bank of Canada held its policy rate at 4.5 per cent on Wednesday, with the central bank remaining confident inflation will continue to decline from 5.2 per cent in February to 3 per cent by the middle of this year.

04/11/2023

https://www.westernstandard.news/business/bank-of-canada-announces-interest-rate-this-week/article_033f10a2-d4a6-11ed-9bf8-73f78763afc5.html

"Bank of Canada is expected to continue its pause on further rate hikes. However, they remain cautious, warning Canadians of the possibility of further increases “if needed” to return inflation

04/06/2023

https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-variable-rate-mortgage-payment-boc-interest-rates/

Financial markets expect the Bank of Canada to cut rates near the end of the year but some lenders won’t lower homeowners’ monthly mortgage payments

04/03/2023

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits). You will be able to open an FHSA starting April 1, 2023.

01/01/2023

12/15/2022

https://apple.news/AYoquS0VhSYuy8yfFnkSjzA

As the U.S. central bank joins Canada in pushing global interest rates even higher, economists wonder if a two percent inflation target is really possible in 2023 without doing serious economic damage.

12/15/2022

https://www.ctvnews.ca/business/canada-s-banking-regulator-to-make-announcement-on-mortgage-stress-test-1.6195698?cid=sm%3Atrueanthem%3A%7B%7Bcampaignname%7D%7D%3Atwitterpost%E2%80%8B&taid=639b0e9fd5dd2400012e9c7c&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

Canada's banking regulator is expected to make an announcement regarding the interest rate used in a key stress test for uninsured mortgages this morning.

11/13/2022

https://www.theglobeandmail.com/investing/article-lowest-mortgage-rates-canada/

A look at this week’s available rates on fixed and variable mortgages and HELOCs

10/23/2022

https://www.canadianmortgagetrends.com/2022/10/fixed-mortgage-rates-expected-to-rise-again/

Fixed mortgage rates are expected to take another step up next week, pushing some 5-year fixed mortgages into 6% territory.

09/15/2022

https://pm.gc.ca/en/news/news-releases/2022/09/13/making-life-more-affordable-canadians-year

The Prime Minister, Justin Trudeau, today announced that the government’s first pieces of legislation introduced in the upcoming Parliamentary sitting would make life more affordable for Canadians who need it most.