Freestone Financial

07/14/2023

With Prime rate keeps going up, contact us if you are interested to know more about private mortgage investments.

The cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.

04/12/2023

The Bank of Canada left its overnight target rate unchanged at 4.50%. This is the Bank’s second rate hold this year and was fully expected by markets.

In its statement, the Bank said it “continues to assess whether monetary policy is sufficiently restrictive to relieve price pressures and remains prepared to raise the policy rate further if needed to return inflation to the 2% target.”

The Bank of Canada today held its target for the overnight rate at 4½%, with the Bank Rate at 4¾% and the deposit rate at 4½%. The Bank is also continuing its policy of quantitative tightening.

03/09/2023

"This announcement provides more certainty that the rate hikes are finished, which should provide stability for current home values. It supports the expectation that homebuyer demand will return later in the spring,”

The Bank of Canada’s decision to hold interest rates on Wednesday will provide relief to variable rate mortgage holders and could spur momentum in the nation's housing market, according to experts.

12/21/2022

Inflation rate is a strong indicator of mortgage rate projection. Talk to us if you want to know more about private mortgage investment.

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Canada's annual inflation rate fell slightly to 6.8 per cent in November.

12/15/2022

How would this affect buyers' home purchasing plan? May be a private mortgage is the way to go.

Canada's banking regulator is expected to make an announcement regarding the interest rate used in a key stress test for uninsured mortgages this morning.

12/07/2022

The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it's been since January 2008 – while signalling it may pause its aggressive rate hike cycle.

The Bank of Canada hiked its key interest rate by half a percentage point Wednesday to 4.25 per cent – the highest it's been since January 2008 – while signalling it may pause its aggressive rate hike cycle.

10/26/2022

The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening.

FSRA License # 13395

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

10/19/2022

Inflation is eating up Canadians wealth. Are you looking for a secured way to protect your wealth? We are able to help. Let's talk!

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FSRA License # 13395

Canada's latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week.

09/16/2022

With interest rates rising and instabilities in the securities market, mortgage investment is definitely a stable and fruitful way to generate reliable income stream. Contact us for more information!

FSRA License # 13395

09/07/2022

The Bank of Canada is raising its key interest rate by 0.75% today, bringing the bank’s key rate to 3.25 per cent.

Canadians should expect interest rates will climb even higher, the Bank of Canada said Wednesday after announcing another supersized interest rate hike.