Roop Virk Mortgages

Roop Virk Mortgages Specializing in financing solutions for Small Business Owners, Entrepreneurs & Self-Employed individ

08/11/2026

Thinking about all of the families in BC impacted by wildfires and those who may have had their properties damaged (or worse) by them.

If your mortgage was insured by CMHC, please seek out your mortgage professional (whether a broker or banker) and ask about CMHC’s 6 month principal & interest deferral payment program due to natural disasters.

I will continue to hope for your family’s safety and the safety of all of the courageous firefighters in the battle to contain them.

05/20/2026

Canadian CPI inflation rose while core inflation measures declined.

Coles notes: Bank of Canada will probably keep out of it for the rest of the year. No increases. No declines.

The rise in oil related inflation due to the Straight of Hormuz situation impacted consumer prices but people are spending less so that had a downward effect on core inflation numbers.

Stalemate.

R

05/11/2026

To all the Moms everywhere: Happy Mother’s Day!

04/29/2026

Bank of Canada holds rates steady, as expected.

Questions remain on whether they rise or fall, depending on what happens with the oil prices, (caused by the issues around the Straight of Hormuz), and its impact on the cost per item of transporting goods from source to shelf: If it accelerates inflation (the costs rise), the BoC may have to raise rates to slow it down. If core inflation remains steady & low, they probably won’t.

Time will tell. For now, it’s steady as she goes.

01/29/2026

Bank of Canada holds its overnight rate at 2.25.

Inflation at 2%

Core inflation fell to 2.5%

If the impacts of Canada adjusting to the uncertainty of the US market relationship continue prolonged, and the CUSMA deal collapses, look for the BoC to drop their rates to stimulate the Canadian economy, in my opinion.

So far, it’s “steady as she goes”.

R

01/01/2026

Happy New Year everyone!

Thanks again for your continued trust this past year.

Honoured to have been a part of your trusted advisory team in supporting your goals for the upcoming year as your key financing professional.

As always, I’m here to help.

See you in 2026!

12/26/2025

Merry Christmas from my family to yours!

12/24/2025

On this Christmas Eve, I’d like to extend the warmest of Season’s Greetings to you and yours.

May all of your Christmas Wishes come true!

10/29/2025

Bank of Canada dropped its interest rate again by .25%.

More relief for people with lines of credit and variable mortgages.

09/17/2025

Bank of Canada dropped their overnight lending rate by .25%, as predicted.

Jobless rate went up last month as firms negatively affected by US Tariffs laid people off, paused investment decisions or otherwise retracted their growth plans. But, it’s good for people who have lines of credit or variable mortgages.

Fixed rates, linked to Canadian Bond yields, have slowly started coming down as well.

Hang on to your hats. It’s going to be a bit wild before it gets better by, what I think, will be this time next year.

R

Address

7408 Vedder Road
Chilliwack, BC
V2R4E7

Telephone

+16049918600

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