Snider Mortgage

09/09/2023

Bank of Canada Keeps Benchmark Interest Rate Steady at 5%

In a recent announcement, the Bank of Canada has decided to maintain its benchmark interest rate at 5%. This decision comes after careful consideration of the economic landscape and is a testament to the central bank's commitment to balance inflation and economic growth.

The decision to keep the rate steady reflects the Bank's confidence in the current economic recovery. With the world slowly emerging from the challenges posed by the global pandemic, central banks worldwide have been carefully evaluating their monetary policies. The Bank of Canada's decision to hold the line at 5% underscores their belief that the Canadian economy is on a path to stability.

08/17/2023

🏠 Worried about mortgage rate increases? 📈 Don't panic! It's essential to stay informed and make educated decisions. Consider reaching out to discuss strategies that can help you navigate these changes smoothly. Remember, knowledge is power! 💪💰

04/22/2023

The 2023 Mercer Retirement Readiness Barometer has found that Canadian millennials, between 27 and 42 years old, must save 50 per cent more if they rent, than millennials who are homeowners.

In order to achieve a “reasonable income in retirement”, the report found a millennial who rents for their entire career would need to save eight times their salary in order feel ready to retire at age 68.🏡

Is it time to discuss qualifying for a mortgage? Reach out today to plan for tomorrow.

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Source:

"Homeownership also gives retirees flexibility, as retirees who downsize may be able to access a significant amount of money," the report reads.

03/28/2023

Thinking of renovating? We can help.

A home equity loan is a great way to access funds you already have all while improving the value of your home.

Contact us today to discuss your goals and determine what you'll qualify for.