Mortgages KW, Jeff Teed

09/17/2025

https://ca.finance.yahoo.com/news/bank-of-canada-cuts-key-interest-rate-for-first-time-since-march-bringing-policy-rate-to-25-134944649.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMXEkZdqVQo93_PM6KEcueBqRCTw0tYJuc93ND0YF64nAZoLcVH8ScoJZvd075_FtXxjlCo3m-mCwAU7mTzdG-Sh811k058hnNxo1TIHGRnahC0ezUmV7X0GPWHlozccj9v8hBMHnf_3lGZ2SHrBH6WmxB443YLnjf7Bg-yozi9w

The Bank has held its policy rate at 2.75 per cent since the March interest rate decision.

10/23/2024

The Bank of Canada announced today that they are decreasing their overnight lending rate which in turn means a drop in the prime rate for Canadians and in particular those financing homes. To see how you can benefit from this change be sure to contact me !

Wednesday’s decision is the fourth consecutive drop in interest rates since June and is the Bank of Canada's largest rate cut since 2009, outside the COVID-19 pandemic.

07/24/2024

The Bank of Canada has announced their decision to decrease the prime rate to 4.50% . How does this affect you and your mortgage ? Be sure to contact me to discuss all of your mortgage needs

07/01/2024

Happy Canada Day Everyone!! 🇨🇦

06/19/2024

Insured, Uninsurable, & Insurable Mortgages✅

06/06/2024

Needing a mortgage this summer?☀️ Have any questions about rates, pre-approvals, refinancing, etc.?

Contact us today to have your questions answered and take the next step in your home ownership journey📲🏡

We are here to serve🫵🏻

05/20/2024

Thankful for the support of every single one of our clients🏡✨

Get in touch with us if you need any mortgage services!!

Website 🔗 in bio.

05/12/2024

Cheers to the women who teach us love, resilience, and the importance of a good laugh🥂

Happy Mother’s Day!

04/30/2024

Our promise💯🏡

04/12/2024

🚨NEWS ALERT🚨

Today we just heard word from the federal government of the following updates:

1. The federal government will allow 30-year amortization periods on insured mortgages for first-time homebuyers purchasing newly built homes🏡

2. The government will raise the amount first-time homebuyers can withdraw from their RRSPs — to $60,000 from $35,000 — to buy a home. That will take effect April 16, the day the federal budget is set to be released.

People who have made or will make withdrawals between Jan. 1, 2022, and Dec. 31, 2025, are also getting more time to begin repayment — up to five years in total rather than two.

3. Ottawa also announced changes to the Canadian Mortgage Charter that will include an expectation that financial institutions offer permanent amortization relief to protect existing homeowners who meet certain eligibility criteria🇨🇦

That would allow eligible homeowners to reduce their monthly mortgage payment to a number they can afford for as long as needed🏦

Call today to get your home buying journey started📱
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Jeff Teed
Mortgage Agent Level 2, License
Verico Best Mortgage Loans Inc.
License 12625