Plessl Mortgages - Mortgage Agent/ Financial Consultant

10/26/2022

Prime is up another 0.50%

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%.

10/26/2022

Now that 2022 numbers are nearly closing.. 🙏

08/02/2022

Time to do the same!

https://www.bbc.com/news/business-62353114?fbclid=IwAR2DfuUIB75Mh4Yh3wkCaaEr6s17wKHwoMzwJBTQha20sIC8rCU1CGAOumI

Some potential homebuyers may find it easier to get a loan as the central bank eases borrowing rules.

04/13/2022

Prime has increased.

The Bank of Canada today increased its target for the overnight rate to 1%, with the Bank Rate at 1¼% and the deposit rate at 1%.

01/01/2022

As we turn the page on yet another tumultuous year headlined by Covid and its emerging variants, we wanted to take a look back at some of the top mortgage-related stories of 2021 and how mortgage rates fared.

12/22/2021

The Bank of Canada is finally coming around to the view that the rising cost of goods and services is perhaps not so transitory after all.

12/16/2021

The average price of a home in Canada reached a new all-time high in November as inventory levels remain near record lows.

12/09/2021

Despite bond markets predicting interest rate hikes as early as the first quarter of 2022, the Bank of Canada today stuck to its script that rates should remain low until the "middle quarters" of next year.

12/07/2021

While markets have moved up their Bank of Canada rate hike expectations to early 2022, some economists say the uncertainty of the new Omicron Covid-19 variant could put that into question.

10/28/2021

Ok with all the talk of fixed rates increasing, I am still a huge supporter of the variable rate mortgage. Please give this video a colleague of mine prepared a watch to understand why.

Most people think they’re just making a single bet on the interest rate. However, in reality, there’s a much more significant bet being placed by someone…