Vancouver Mortgage Brokerage - Hoem Mortgages

09/06/2023

This morning the Bank of Canada held the interest rate steady at 5%. This pause was largely expected by the market. Although, I guess the letters written to the Bank of Canada by the premiers of BC, Ontario and Newfoundland to pause interest rates really worked. 🤣

Despite the hold, the Bank said it “remains concerned about persistent underlying inflationary pressures and that it is still prepared to increase interest rates again if required.

The pause will help keep costs level for now. This is only the third pause in the last 13 rate announcements since March of 2022.

06/07/2023

The Bank of Canada’s decision to hike rates on Wednesday will put additional pressure on Canada’s already tight rental market, experts say.

03/22/2023

Inflation went down from 5.9% to 5.2%. Here are some insights in what that means for the Bank of Canada

Canada's inflation rate went down from 5.9% in January to 5.2% in February

03/08/2023

https://dominionlending.ca/economic-insights/bank-of-canada-pauses-rate-hikes-as-us-fed-promises-further-tightening

Here are the latest insights from our DLC Chief Economist Dr Sherry Cooper after the Bank of Canada hit pause today!

The Bank of Canada Holds Rates Steady Even As the Fed Promises to Push Higher As expected, the central bank held the overnight rate at 4.5%, ending, for now, the eight consecutive rate increases over the past year. The Bank is also continuing its policy of quantitative tightening. This is the first....

03/03/2023

I can't believe it's been 10 years already, I feel like I just started in this business. I am so pleased to have helped many clients fulfill their dream of home ownership over the past decade. Let's go for 20!!!!

11/22/2022

Mortgage lender Home Capital Group Inc. has signed a deal to be acquired by Smith Financial Corp. that values the company at $1.7 billion.

Smith Financial will pay $44 in cash per share of Home Capital. Find out more.

10/28/2022

In 5 words, what do you do?

10/12/2022

Here is another great article from our DLC Chief Economist Sherry Cooper. She helps break down the current inflation and interest rate fluctuatioms. Let me know if you have any questions.

Forty-Three Years Ago, I Was Fed Chair Paul Volcker’s Special Assistant Inflation appears to be book-ending my career. I started my work as an economist in the Research Division of the Federal Reserve Board in Washington, D.C., in the late 1970s. Inflation had been trending higher for years. Neith...

04/11/2022

If you are thinking of locking in a long term rate at this time, this article is worth a read.

As fixed mortgage rates continued to rise last week, variable-rate holders are expected to see their own increase next week.

01/27/2022

https://www.canadianmortgagetrends.com/2022/01/rate-hike-coming-in-march-after-todays-bank-of-canada-hold/

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