Denise Allin - Mortgage Broker

10/23/2024

HERE WE GO AGAIN...

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

10/23/2024

The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%.

09/04/2024

The news we love to see! The Bank of Canada cuts interest rates another .25%!

06/17/2023

The Biggest Misconception and just wanted to clarify brokers do not charge fees for service.

05/08/2023

We expect to see much less housing construction in 2023 due to high interest rates and inflation.

As a result, supply gaps in Canada’s most expensive cities (like Vancouver and Toronto) will likely worsen.

In 2024 and 2025, economic recovery and growth in renter households will lead to even more housing demand. This means affordability and supply challenges will be ongoing.

For more insights into what’s next for the Canadian housing market, see our full report: http://ow.ly/8mRA50O5hET

03/02/2023

Three full days of family-friendly activities!

06/01/2022

Here we go again…

Another Jumbo Rate Hike, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points once again today, marking the third rate hike this year. The two back-to-back half-point increases are without precedent, but so were the dramatic p...

12/09/2021

The Bank of Canada today held policy steady, reaffirming forward guidance and admitting increased uncertainty with Omicron variant and flooding in BC

Bank of Canada Leaves Expectations For 2022 Rate Hikes Intact The Bank of Canada decided to keep its target for the overnight rate at 0.25%, in line with forecasts and to maintain its forward guidance, which sees a rise in the overnight rate sometime in the middle quarters of 2022. Until then, polic...

01/21/2021

Rates expected to stay low!

The Bank of Canada, this morning, released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Ban...

01/19/2021

Look at these beautiful flowers! I have the best clients ❤️