Verico Paragon Bava Mortgage Corp.

Verico Paragon Bava Mortgage Corp. http://www.bava.ca

12/25/2024

Introduced in April 2023, the First Home Savings Account (FHSA) is a game-changer for Canadians looking to save for their first home. Combining the best features of an RRSP and TFSA, this account offers tax benefits and investment opportunities tailored to first-time buyers.  

12/24/2023

Several of Canada’s big banks and numerous other lenders are offering a practical gift for borrowers this holiday season: lower mortgage rates.

10/09/2023

Last Tuesday, the Government of Canada 5-year bond yield jumped to an intraday high of 4.46%, but have since retreated to around 4.32% as of this writing. Over the past two weeks, yields have risen by over 30 basis points, or 0.30%.

12/24/2022

Rising shelter costs contributed to the higher-than-expected inflation reading, with overall shelter costs up 7.2% year-over-year.

10/10/2022

With the benchmark lending rate currently at 3.25%, there are growing expectations that the Bank of Canada’s terminal rate for this tightening cycle will be 4%, if not higher.

07/02/2022

Housing affordability in Canada worsened by 4.9 points in Q1'22, marking a fifth consecutive quarterly deterioration. The first quarter of 2022 was also the worst quarterly deterioration in over 27 years. Over the last 12 months, the worsening in affordability was the nastiest in 40 years. For the f...

04/15/2022

As was widely expected, the Bank of Canada raised its benchmark lending rate by 50 basis points on Wednesday, bringing it to 1.00%.

02/01/2022

The Bank of Canada surprised markets somewhat by leaving its key lending rate unchanged. It did, however, send a clear signal that rate hikes are imminent.

12/24/2021

The average price of a home in Canada reached a new all-time high in November as inventory levels remain near record lows.

10/09/2021

(NC) As the Canadian economy recovers from the disruptions caused by COVID-19, it has become clear that a growing number of Canadians are under increased financial stress.

07/02/2021

Home prices may be astronomical in certain parts of the country, but historically low mortgage rates are allowing borrowers to pay off their mortgages faster than ever.

04/04/2021

The Bank of Canada delivered welcome news for variable-rate mortgage holders today when it stood by its expectation of no rate hikes until early 2023.

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Kamloops, BC
V2B3G9

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