Keegan Casidy - Mortgage Broker

06/01/2022

Here we go again, another 0.50% increase to Bank of Canada's policy rate.

The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%.

04/19/2022

A week ago I made it into Issue 1 of the 2022 Perspectives magazine.

Super excited to have been recognized for my volunteer work with North Shore Streamkeepers by Mortgage Professionals Canada!

Check out: Make A Splash by Giving Back in the 2022 Issue 1 of Perspectives magazine: https://bit.ly/36Bk8V3

Join us for an inspiring interview with Keegan Casidy, with TMG to learn about the enhancement of overall watershed health, protection, and restoration work that North Shore Streamkeepers is accomplishing in , B.C. The work of this charitable organization is one example of how can make a difference in their communities.

04/13/2022

Bank of Canada raises the policy interest rate again. This time up by 0.50%. With the rate now sitting at 1.00%.

This will effect those whose rates are variable and fluctuate with Bank Prime rates. (Variable Mortgages, Home Equity Line of Credits. Anything with a rate stipulated by a Prime + or -).

More here:

The Bank of Canada hiked its benchmark interest rate by half a percentage point to one per cent on Wednesday, a sign the bank is making good on its pledge to battle runaway inflation.

03/02/2022

After two years of keeping the key interest rate at 0.25%, the Bank of Canada has raised the key interest rate to 0.50%.

Citing that Canada's economy grew at a 6.7% annual pace in the last quarter of 2021.

The Bank of Canada raised its benchmark interest rate to 0.5 per cent on Wednesday, a move that's expected to be the first of a series of small rate hikes this year in an attempt to tame inflation that has risen to its highest point in decades.

12/08/2021

Variable Rates still looking very attractive as BoC holds benchmark overnight rate at 0.25%.

The Bank of Canada kept borrowing costs unchanged, but highlighted strength in the labor market and worries about the persistence of inflation that will likely keep expectations of imminent interest rate hikes intact.

03/10/2021

In light of banks/lenders raising their fixed mortgage rates in recent weeks, Bank of Canada keeps key interest rate at 0.25% and signals intent to keep rates 'low' until 2023.

Holds rate at 0.25 per cent

07/15/2020

Bank of Canada holds the overnight rate at 0.25%. All signs point to the rate staying "low for a long time."

If you are looking to purchase timing is great as rates are so low.

Perhaps you are looking to refinance (to consolidate some other debts, access equity for a capital purchase, renovation, etc.).
Use this low rate time to get yourself to a better financial situation.

Call me to discuss all things mortgages!

03/18/2020

Emergency Funds for COVID-19:

1. GST credit - $400 single adults - $600 for couples

2. Child Tax benefit Top up - $300 per child added on top of
what you receive already.

3. Student loan payments deferred
-6 month timeframe
-no payments
-no interest accrual

4. Indigenous community based support fund

5. $200 million provided for community resources
-Shelters/homeless needs
-Sexual assault/transition homes

6. 10% wage subsidy for small-medium sized businesses for employees.
-$25,000 per employer

7. Ensured Mortgage Protection Program
-50 billion provided
-payment deferrals
-special payment arrangements

8. Bank Supports
-auto loans - deferral of payments possible
-contact bank directly
-speak to your institutions

9. Personal Income Tax
-payment before September. 1st/2020 - extended deadline for income tax payments owed

-Filing deadline for Income Tax - June.1st/2020

10. Emergency support fund - $5 Billion
-more info to come

*Supply chains from groceries will maintain fair prices for Canadians

03/18/2020

Support programs being rolled out by our big banks.

Includes 6 month payment deferral program for mortgages and the opportunity for relief on other credit facilities.

More details to follow.

TORONTO, March 17, 2020 /CNW/ - Canada's six largest banks today announced plans to provide financial relief to Canadians impacted by the economic consequences of COVID-19.

12/04/2019

Bank of Canada holds the rate at 1.75%. No change to variable rates and/or lines of credit.

05/06/2019

Would love to offer my client's more choices.

Let's see what they come up with!

Bank of Canada governor Stephen Poloz says it's time for fresh ideas when it comes to Canadians' mortgage options. In a speech Monday in Winnipeg, Poloz said changes could include loan terms longer than five years, a market for private mortgage-based securities and shared-equity mortgages for first-...