The Mortgage Advisors - Ryan Wood

10/23/2024

Woohoo! Bank of Canada dropped rates by another .5%! We still have a ways to go, but every little bit helps for sure. If you've been thinking about buying but have been holding off, now is a great time to reach out and get pre-approved!

12/06/2023

Bank of Canada announces another rate hold!

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening.

11/15/2023

CEBA loans need to be repaid in January in order to take advantage of partial loan forgiveness. Great article here with the details. If you or someone you know is struggling with how to repay, have them reach out and we'll see if we can help!

Don’t miss the January 18, 2024 repayment deadline to qualify for partial (CEBA) loan forgiveness.

10/25/2023

Bank of Canada announced this morning that they will be holding rates steady for now. We still have a little ways to go before they start cutting rates but we're getting closer!

https://www.bankofcanada.ca/2023/10/fad-press-release-2023-10-25/?fbclid=IwAR28k0cr8GwtpGehPQc9fpBBRHWpJK-p8bcr0Of2LJWLzQM9KDQyvBVwe0g

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%.

09/27/2023

08/15/2023

07/12/2023

Happy/Unhappy Rate Announcement day! The Bank of Canada has raised the overnight rate again by another .25% to the highest it's been in 22 years.

The Bank of Canada today increased its target for the overnight rate to 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is also continuing its policy of quantitative tightening.

07/11/2023

Tip Tuesday!

In this crazy world of what seems like constantly rising rates🫣, it's more important than ever to make sure you have a rate locked in!🗝

If you're on the hunt for a new home, reach out today and we'll help you get pre-approved and lock in a rate.😀

03/04/2020

https://www.ctvnews.ca/business/canadians-cost-of-borrowing-going-down-amid-virus-concerns-1.4837947

The Bank of Canada is cutting its key interest rate target by half of a percentage point, dropping it to 1.25 per cent in response to the economic shock from the novel coronavirus outbreak.