Jeff Zabel, Keller Mortgage Canada

11/20/2024

Purchase + Improvements

This is a great option when buying with less than 20% down! Have you found the right home in the right neighbourhood but the home needs a roof or windows or HVAC? We can add the cost of improvements into your mortgage and if you're buying with 5% down, you only need to pay for 5% of the improvements. Message me with questions!

10/23/2024

BREAKING NEWS
The Bank of Canada has lowered its policy rate by 50 bps to 3.75%



The Bank of Canada has lowered its benchmark rate by 50 bps, bringing it down to 3.75%. This marks the fourth consecutive cut since June.



"The Bank of Canada's decision to lower the interest rate to 4.00% is a positive step toward improving housing affordability across Canada. This move will help alleviate some of the financial strain that middle-class families, homeowners, and first time buyers have been facing in recent years. While interest rates remain high, we're encouraged by the Bank's decision to ease rates, alongside recent government changes we’ve long advocated for, such as removing the stress test, extending 30-year amortizations for first-time buyers, and raising the mortgage insurance cap to $1.5 million. These combined measures are bringing us closer to restoring the dream of homeownership for Canadians, but there is still more work to be done.”



- Lauren van den Berg, President and CEO of Mortgage Professionals of Canada.



Now is the perfect time for brokers to reach out to clients, particularly those with variable-rate mortgages, and offer timely advice on how this rate cut impacts their financial situation.



The next rate announcement is scheduled for Wednesday, December 11, 2024.

04/11/2024

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

Finance Minister Chrystia Freeland made the announcement in Toronto today, saying it would take effect Aug. 1.

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

03/10/2024

03/06/2024

Breaking news - the Bank of Canada has held its key interest rate at 5%.

The Bank of Canada has held its key interest rate at five per cent again, as economists had expected.

01/24/2024

No change in today's Bank of Canada rate announcement. Contact me if you have concerns as to how this may effect your mortgage renewal.

Bank of Canada held its key interest rate at 5 per cent on Wednesday, its fourth hold in a row. Find out more

01/19/2024

Another massive development project is planned for Waterloo:

Waterloo has taken strides towards greater density and affordable housing strategies, with Council pledging to enable the construction of 16,000 new homes by 2031. Now, an application has been submitted for the Steelcraft Lands Redevelopment, designed by PG Design Studio for Prica.

01/08/2024

If you like bowling, you'll be relieved to know there are two new alleys coming in 2024 - one in Waterloo, and one in Guelph.

12/20/2023

Well done by the GRT! The story of a lost bunny has a happy ending.

Ryder the bunny sneaks onto a bus to ride through the bus wash. But this time, something magical happens.