Christopher Darwiche - Vine Group

09/15/2022

How might the recent Bank of Canada update impact clients? This might be a glass-half-full opportunity for real estate investors and new home buyers - read more to find out why.

https://www.vinegroup.ca/marketupdate/2022/9/8/vine-group-september-2022

SEPTEMBER 2022 Vine Group executive market commentary Bank of Canada increased their overnight rate by 0.75% on September 7, 2022, taking it to 3.25% and increasing Prime for most lenders to 5.45%. The overnight rate has increased by 3% in the last six months, a dramatic shift from the record low ra...

03/03/2022

I only provide the best for my clients!

I take care of my clients with a white-glove service that is leveraged by my first-class knowledge in mortgage financing.

Look no further for a streamlined mortgage experience, contact me!

03/02/2022

Wednesday, March 02, 2022: Borrowing costs have increased by 0.25% as the Bank of Canada has increased the key overnight rate from 0.25% to 0.50%, the first rate increase since 2018.

The Bank of Canada noted that despite the economic uncertainty around the Russian invasion of Ukraine, the bank pushed forward with the rate increase as prices for oil and commodities have risen sharply. Inflation hit a three-decade high of 5.1% in January, and with the events in Europe will likely further increase. Canada has also rebounded from the pandemic-induced recession and no longer needs the emergency monetary supports that have been put into place.

This increase affects borrowers whose payments are linked to PRIME (previously 2.45% and will now increase with most lenders to 2.70%). If you have a variable rate mortgage, you’ll see your monthly payment increase depending on your lender. For every $100,000 in borrowing, most Canadians will see an average $12/month increase.

Contact me to learn more.

02/21/2022

Happy Family Day!!

01/28/2022

Sometimes it's all about perspective.

01/21/2022

Get out of your comfort zone.

01/07/2022

Constant kindness can accomplish much.

12/01/2021

Are you considering buying or renovating? How about both? Allow me to analyze all of your options to ensure you always have the best financing solution for your long term goals.

11/30/2021

Secondary suites not only help pay down your mortgage, but are also a great way to get started in the real estate investment business. Just make sure you speak to an expert and do your homework before taking the plunge! Looking for some guidance? Let's chat.

11/26/2021

Respect is precious, attention is fleeting.

11/24/2021

Accelerated payment is a mortgage repayment plan that allows you to put more money toward your mortgage than with a monthly payment. The extra money is applied directly to the principal, shortening your mortgage amortization and saving you thousands of dollars in interest over its lifetime. Is accelerating your mortgage payment suitable for you? The benefits might be worth it.

Contact me today so we can review the terms of your mortgage agreement together.