Alla Grimberg, Mortgage Planner 416-520-5134

06/05/2024

The Bank of Canada has lowered its key interest rate to 4.75% from 5%. This is the first rate cut in over four years and signals a big change in its strategy to manage inflation! After a series of sharp interest rate increases, the Bank of Canada raised the rate to 5% in July 2023 and kept it there until today's cut.

09/15/2023

🍯🍏Happy Rosh Hashana to all who celebrate may we have a sweet and prosperous new year ahead🍯🍏

09/07/2022

https://www.ctvnews.ca/business/bank-of-canada-set-to-raise-its-interest-rate-for-the-fifth-time-since-march-1.6058043

The Bank of Canada has raised its key interest rate by three-quarters of a percentage point, bringing the central bank's target for the overnight rate to 3.25 per cent.

07/01/2022

06/01/2022

https://financialpost.com/news/economy/bank-of-canada-hikes-rate-by-another-50-basis-points-to-1-5?utm_medium=Social&utm_source=Facebook&fbclid=IwAR1q_wPg9XjBi1APTAyoL1L1V2_GezJGBxcVx8ZtmSER0S7kymMb7EGuI0M =1654092444

12/30/2021

Happy new year to all my friends!!!
The Best wishes in 2022!!! :)

06/02/2021

https://www.ctvnews.ca/mobile/business/how-the-new-mortgage-stress-test-will-affect-homebuyers-1.5451606?cid=sm%3Atrueanthem%3Actvnews%3Apost&utm_campaign=trueAnthem%3A+Trending+Content&utm_medium=trueAnthem&utm_source=facebook

As of June 1, a new mortgage 'stress test' will mean that borrowers will have to be approved for a minimum qualifying rate of 5.25 per cent or higher.

04/09/2021

https://financialpost.com/real-estate/tightening-mortgage-stress-test-could-have-fast-impact-on-housing-market-rbc-ceo-says

Dave McKay told reporters that he did think some action will be necessary to cool demand in the market in the short term, but that it should be 'modest'

03/10/2021

https://www.cp24.com/news/bank-of-canada-holds-key-rate-nearly-a-year-after-slashing-it-to-0-25-per-cent-1.5340973?fbclid=IwAR2WOYNmD7h0aXKkjaPVat3z3SDXEkI2VlcR3pvDopm2VzLQL7jIOcDEnEU

The Bank of Canada is keeping its key interest rate target on hold at 0.25 per cent, saying economic conditions still require it even if things are going better than anticipated.

02/15/2021

Wishing you and your family a Happy Family Day!