Jenn Huynh, Mortgage Broker at The Mortgage Minds Inc.

03/12/2025

Another update from the Bank of Canada today!

With the 0.25% decrease to the overnight rate, it brings the Prime lending rate to 4.95% 🎉🤗

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- The Bank of Canada has announced another 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 to the current overnight rate! 🙌🏻 It has moved to 2.75%.​​​​​​​​​​​​​​​​​​​​​​​​
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In their announcement, the Bank said:​​​​​​​​​​​​​​​​​​​​​​​​
“While economic growth has come in stronger than expected, the pervasive uncertainty created by continuously changing US tariff threats is restraining consumers’ spending intentions and businesses’ plans to hire and invest. Against this background, and with inflation close to the 2% target, Governing Council decided to reduce the policy rate by a further 25 basis points.​​​​​​​​
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Monetary policy cannot offset the impacts of a trade war. What it can and must do is ensure that higher prices do not lead to ongoing inflation. Governing Council will be carefully assessing the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs. The Council will also be closely monitoring inflation expectations. The Bank is committed to maintaining price stability for Canadians.” ​​​​​​​​​​​​​​​​​​​​​​​​
-Bank of Canada, 2025​​​​​​​​
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The next scheduled overnight rate announcement will be April 16, 2025!​​​​​​​​​​​​​​​​​​​​​​​​
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Message with any questions!

12/12/2024

Last update for 2024 & it was what we were all hoping for! 🎁🎄🫶

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with - The Bank of Canada has announced another 𝐁𝐈𝐆 𝐝𝐞𝐜𝐫𝐞𝐚𝐬𝐞 to the current overnight rate! This time it has moved to 3.25%! 🙌🏻​​​​​​​​
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In their announcement, the Bank said:​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
“With inflation around 2%, the economy in excess supply, and recent indicators tilted towards softer growth than projected, Governing Council decided to reduce the policy rate by a further 50 basis points to support growth and keep inflation close to the middle of the 1-3% target range. Governing Council has reduced the policy rate substantially since June. Going forward, we will be evaluating the need for further reductions in the policy rate one decision at a time. Our decisions will be guided by incoming information and our assessment of the implications for the inflation outlook.”​​​​​​​​​​​​​​​​
-Bank of Canada, 2024​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
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The next scheduled overnight rate announcement will be January 29, 2025!​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
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Message here with any questions!

11/11/2024

Remembrance Day, today we wear a poppy & remember those who have fallen in the service of our country, & to acknowledge the courage of those who still serve.

Let's all remember to observe a moment of silence this morning for those who fought & died for the country we call home 💗

10/23/2024

The has announced a BIG 50 basis point decrease to the current overnight rate to 3.75%, which will mean a subsequent decrease to the Prime Rate! 🎉🎉

This will be their 4th consecutive decrease since June & was a bigger cut as inflation is now back to their 2% target.

The next BoC announcement will be on December 11, 2024!

Message here with any questions! ☺️

06/05/2024

Reposted from - FINALLY the news we've been all waiting for!

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The Bank of Canada has (finally!!!) announced a 𝐑𝐀𝐓𝐄 𝐂𝐔𝐓 to the current overnight rate! It has decreased by 0.25%, making the overnight rate 4.75%.​​​​​​​​
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In their announcement, the Bank said:​​​​​​​​
“CPI inflation eased further in April, to 2.7%. The Bank’s preferred measures of core inflation also slowed and three-month measures suggest continued downward momentum. Indicators of the breadth of price increases across components of the CPI have moved down further and are near their historical average. However, shelter price inflation remains high.​​​​​​​​
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With continued evidence that underlying inflation is easing, Governing Council agreed that monetary policy no longer needs to be as restrictive and reduced the policy interest rate by 25 basis points. Recent data has increased our confidence that inflation will continue to move towards the 2% target.” ​​​​​​​​
-Bank of Canada, 2024​​​​​​​​
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The next scheduled overnight rate announcement will be July 24, 2024!​​​​​​​​
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Message us here or reach out to one of our amazing brokers if you have any questions or if you want to secure a rate hold!

03/15/2023

Out of province migration into is definitely still happening, I'm sure these weird & wonderful attractions will continue to attract our out of province homebuyers ☺️😝🤗

Looks like I've got a to Glendon, Alberta to plan to visit the 😍 ( ) 🇺🇦

How many of these wonderful attractions have you experienced so far?!
**Share in the comments**

Jenn | The Mortgage Minds Inc.

Not only is Alberta blessed with so many incredible natural wonders, but we’re also home to many weird and wacky man-made attractions.

03/08/2023

Happy International Women's Day!! 🎉🎉

Today & everyday I'm soo grateful to be working alongside such both in & out of the workplace 💗
“A strong woman knows she has strength enough for the journey, but a woman of strength knows it is in the journey where she will become strong.”
- unknown

- Jenn | The Mortgage Minds Inc.

02/14/2023

Love is in the air! ♥️🥰⠀
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Happy Valentine's day!
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Who are your favorite go to's for & ?!

Here are a couple of my ... for the most gorgeous bouquets & of course from 🍫+💐=💗
⠀


Jenn | The Mortgage Minds Inc.

02/02/2023

has always been a fun tradition that's believed to predict an or 😬

Predictions are in... 's did not see his shadow today & no shadow means 🎉🌼

https://www.todocanada.ca/groundhog-day-2023-albertas-balzac-billy-predicts-early-spring/

You know what that means?!

Are you planning to in this upcoming or market?

If so, now is a great time to chat about getting a secured before you start your

Reach out today!

-Jenn | The Mortgage Minds Inc.

01/20/2023

Wishing everyone a Happy Lunar New Year this weekend! Happy 🐰🎊🎉

To me, is a time to celebrate a with the ones that we love... going to see the ... snacking on delicious (if you haven't tried it, you HAVE to!)... while passing out 🧧 to the kidlets - is there really anything better than that?!

What does your Lunar New Year look like to you?

Wondering what there is to do in ? can help out!

https://curiocity.com/lunar-new-year-edmonton/

Hope to see you out celebrating!! 🥳🫰🎊🍾🥂🧧

Jenn | The Mortgage Minds Inc.

́cmừngnămmới

From festivals to concerts and more, here are just a few of the very best things you can do to celebrate the Lunar New Year in Edmonton!

01/10/2023

Rate increases were the hot topic in 2022, but what does 2023 bring?!

This articles highlights some positives to look forward to!
https://www.theglobeandmail.com/investing/personal-finance/article-2023-will-be-a-better-year-for-home-buyers-mortgage-holders-investors/

To summarize!
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✅ We'll likely see moderate rate increases in early 2023, but will hopefully start to see some rate cuts / rate stabilization by mid-2023
✅ Rebounding Stocks & Bonds
✅ More affordability for Homebuyers (lower home prices = lower payments!)

Have a mortgage question? Reach out today!

- Jenn | The Mortgage Minds Inc.

Yes, 2023 will still see inflation, high interest rates and a possible recession, but here are four positive things we can look forward to

01/04/2023

New Year...New goals...New website!! 🎉🍾🥂

Check out my new website here: www.mortgagesbyjenn.ca

Have Mortgage questions?! Reach out today!!

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