Justin de Champlain - Essential Mortgage

12/07/2020

Wow! Never thought I’d see this..

The pandemic has walloped Canada's economy, but borrowers who've managed to hold on to a job have benefited from record-low borrowing rates. Now one bank has hit an attention-grabbing new low, with a variable rate of 0.99 per cent.

11/13/2020

Heads up!

08/13/2020

https://www.google.com/amp/s/www.citynews1130.com/2020/08/11/bank-of-canada-expected-to-cut-mortgage-rate-to-near-record-low/amp/

Mortgage rates could near a record low as experts expect the Bank of Canada to cut its five-year mark as soon as this week.

03/21/2020

https://www.bcrea.bc.ca/economics/sketching-out-the-potential-impact-of-covid-19-on-the-bc-housing-market/

To view the Market Intelligence Report PDF, click here. Summary Findings: While it’s unknown how the unfolding COVID-19 outbreak will impact the economy in the long-term, BC is facing a sudden stop in economic activity with little guidance to when things may return to normal. Based on our scenario...

03/18/2020

Great news for homeowners

The move is part of a co-ordinated response by Canada's big six banks to the novel coronavirus emergency.

03/17/2020

https://www.bnnbloomberg.ca/big-six-banks-slash-prime-rates-by-half-a-point-1.1407082

It could be a good time to refinance as the prime rate falls. Let's talk about options!

Canada's big banks are slashing their prime lending rates 50 basis points to 2.95 per cent from 3.45 per cent in response to the plunge in the benchmark Bank of Canada interest rate.

10/31/2013

Happy Halloween everybody!

10/29/2013

Unlike the U.S., Canada no longer has any form of estate or inheritance tax. Yet despite this, death can trigger a significant income tax bill that, if not properly planned for, can leave an unexpected liability when a loved one passes away

08/08/2013

Ottawa’s latest housing crackdown has some wondering — why now? http://natpo.st/14hGD8i

08/07/2013

Lenders make a lot more money when they renew your mortgage than on your initial term. That’s partly because they don’t have to compensate anyone for referring you (or compensate...

07/30/2013

If you’ve ever wondered how well the Bank of Canada does its job, check out this chart below from economist Sheryl King. It shows the trend in Canada’s inflation level...