Shaun Martignago, Home Financing Advisor for Mortgages at Scotiabank

01/22/2018

Contact me for more details on how this Bank of Canada rate increase affects mortgage rates

The Bank of Canada today increased its target for the overnight rate to 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent.

12/11/2017

I'm happy to discuss how this relates to current mortgage rates. Contact me for more details.

The Bank of Canada has decided to keep its benchmark lending rate steady at one per cent, pausing after two small hikes earlier this year.

08/23/2017

http://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/

Changes in the key interest rate influence other interest rates, and so affect people’s spending decisions.

03/20/2017

Here are the official changes to the additional BC foreign buyers property transfer tax. There is an exemption for those in the Provincial Nominee Program and a refund available for those who receive their Permanent Residence status with 1 Year of purchasing a Principal Residence subject to conditions. Follow the link at the bottom of this article for full details.

Workers coming to B.C. through the B.C. Provincial Nominee Program (PNP) can now be exempt from the additional property transfer tax on foreign buyers, helping...

03/03/2017

The Bank of Canada has decided to keep it's overnight lending rate the same. In terms of mortgage rates, Scotiabank has remains very competitive. Please feel free to reach out to me for full details and availability.

The Bank of Canada is keeping its trend-setting interest rate steady at 0.5 per cent, citing "significant uncertainties" weighing on the outlook for the...

02/22/2017

The BC Government is offering some tax savings in their pre-election budget. Including raising the threshold for the first time buyers property transfer tax exemption to $500,000.

B.C. Finance Minister Michael de Jong says several years of balanced budgets have provided the flexibility for priority spending and tax relief.

01/16/2017

Great news, the Home Owner Mortgage and Equity Partnership Program loans are open for application on January 17. See the website BC Housing link provided. I'm happy to answer any questions relating to these applications and the mortgage approval process.

BC Home Owner Mortgage and Equity Partnership Inquiry Line Phone: 604-439-4727 Toll Free Number: 1-844-365-4727 Hours: Monday to Friday, 8:30am to 4...

01/03/2017

If it's time to renew your mortgage, you should definitely give the matter some careful thought rather than make a hasty decision. Your mortgage advisor should be able to answer all the questions noted. I'd recommend to start reviewing your options around 6 months from your renewal date. Please contact me and I will give you detailed advice and recommendations.

Owning a home allows you to experience the pride of ownership and the satisfaction of knowing you’re making a smart investment. Learn how to get started.

12/28/2016

Here's some timely information as we head into the New Year and have to pay off Holiday bills. I'm happy to go through this in more detail. Please message me if you have any questions.

If you hope to someday buy a home and get a mortgage, it’s important to have a good credit history because a mortgage provider will take this into consideration.

12/24/2016

This has been a year of great change in the Canadian Mortgage industry. As we head into 2017 please stay in touch and I will keep you informed on issues that matter. All the best for the year ahead!

12/16/2016

B.C. offers interest-free loans up to $37,500 to 1st-time homebuyers

The B.C. government is offering to help first-time homebuyers cover the cost of a mortgage down payment with an interest-free loan.

12/15/2016

This is great insight on how rates in the U.S. will have a trickle down effect on Canadian mortgage rates and the Loonie. Although the Bank of Canada has recently kept it's overnight rate steady further increases in the U.S. could lead to increases here in Canada.

The markets have already factored in that the U.S. Federal Reserve is set to raise its benchmark interest rate, meaning the expected announcement today by...