Kim Chalmers - DLC Modern Mortgage Group

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Nanaimo, BC
Kim Chalmers - DLC Modern Mortgage Group

Providing mortgages for First Time & Repeat Homebuyers, Mortgage Renewals, Investments Properties, C

04/12/2023

The Bank of Canada held its benchmark interest rate steady at 4.5 per cent on Wednesday, pausing its year-long campaign to increase borrowing costs while leaving the door open to further rate hikes if inflation doesn't slow as quickly as expected. Now is a great time for a mortgage check-up!

The Bank of Canada Holds Rates Steady Again But Maintains Its Commitment To 2% Inflation The Bank of Canada left the overnight policy rate at 4.5%, as expected, stating their view that inflation will hit 3% by mid-year and reach the 2% target by next year. They admit, however, that demand continues....

03/08/2023

As predicted, the Bank of Canada has paused rate hikes...something I think we have
all been hoping for after numerous increases over the past year.

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....

02/28/2023

As predicted, we shouldn't see any changes to the Bank of Canada Prime Rate at their
next announcement on March 8th, 2023.

Bad News Is Good News for the Bank of Canada Statistics Canada released the real gross domestic product (GDP) figure for the final quarter of 2022 this morning, showing a marked slowdown in economic activity. This will undoubtedly keep the central bank on the sidelines when they announce their decis...

01/06/2023

The Bank of Canada will make their next announcement on January 25th, 2023. Here is some insight from DLC's
Chief Economist, Dr. Sherry Cooper.

Employment Report Ended 2022 With A Boom Today’s Labour Force Survey for December was much stronger than expected, raising the odds of a 25 bps increase in the policy rate by the Bank of Canada on January 25th. While the Bank has hiked rates by 400 bps to 4.25%, core inflation remains sticky, wage...

10/19/2022

This may come in useful for you or someone you know. Low-income seniors who own their homes may qualify for the Limited Income Sewer & Water User Fee Subsidy. To be eligible, every owner and occupier of the property must meet the following criteria:

Sixty-five years of age or over
Total monthly income in accordance with Bylaw No. 7095
Subject property is owner's principal residence

Recipients of the subsidy will be entitled to a waiver of 50% off the base charges for user fees levied for sewer and water to those who qualify.

There are more details in the link below.

Low-income seniors who own their homes may qualify for the Limited Income Sewer & Water User Fee Subsidy. To be eligible, every owner and occupier of the property must meet the following criteria:

11/02/2021

The question everyone is asking, Fixed Rate vs. Variable Rate? Ultimately, it will depend on what happens with the current state of the Pandemic and whether or not we regress with cases and further lockdowns OR if things continue to prosper, restrictions continue to lift and the numbers continue to decrease.

The central bank’s October announcement was one of its most significant this year

Address

2/1610 Northfield Road
Nanaimo, BC
V9S3A8

Telephone

+12506198112

Website

http://www.kimchalmers.ca/

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