LendMoola

06/28/2025

06/27/2025

Canadian GDP is Set To Contract In Q2. While the Canadian economy is not contracting as much as many had feared, the monthly GDP data indicate a modest contraction in Q2. https://mailchi.mp/sherrycooper/canadian-gdp-is-set-to-contract-in-q2

01/11/2025

I guess we will see what the Bank of Canada decides to do in 2025 for rate cuts. The first Bank of Canada meeting this year is Jan 29 2025.
TD expects a 0.25% rate drop for Q1 while most other banks see a 0.50% rate drop for Q1.

The Bank of Canada rate cut is tied to Variable Mortgage, HELOC, Personal Line of Credit.

*****NOT FIXED MORTGAGE RATES that is tied to the bond yield*****

If you currently have a high fixed mortgage rate it might be worth breaking it and renewing at these lower rates.

Also if you are close to renewing your mortgage and you have high credit card debt, it might be in your best interest to consolidate your high interest debt and refinance your mortgage to cut down on your monthly payments.

If you are renewing your mortgage this year 2025 and you want another opinion feel free to contact me.

Jon Rogers | BRX Mortgage
778 999 5296
www.jonrogersmortgage.ca

Canada’s Big 6 banks are split on Bank of Canada rate cuts for Q1 2025: BMO Financial Group, Scotiabank, and TD expect one 25-bps cut, while RBC, CIBC, and National Bank foresee 50bps of easing.



10/24/2024

Prime Rate at most banks are now at 5.95% except for TD they are at 6.10%.

It's official: As of today, Canada's Big Banks (RBC, Scotiabank, CIBC and BMO Financial Group) have lowered their prime rates by 50bps to 5.95%. However, TD’s mortgage prime rate remains slightly higher at 6.10%.

10/23/2024

Bank of Canada cut rates 0.50%. Great news if you have a Variable Rate Mortgage or renewing your mortgage soon and thinking of going Variable. This also helps with you have a HELOC.

If you have any questions regarding this recent news or your mortgage is coming up for renewal and you want a second opinion contact me.

778 999 5296 or message me.

Automatically view the rate announcement the moment it is published.

10/22/2024

As we appraoach what’s expected to be the Bank of Canada's fourth consecutive interest rate cut this year, several major banks are forecasting that the rate-cutting cycle is far from over.

10/08/2024

Possible 0.50% rate cut come October 23 2024

A weekly review of the latest mortgage and real estate news, a recap of key headlines, and a preview of upcoming economic releases.

09/16/2024

Buyers are waiting for further rate cuts.Buyers waiting for further rate cuts. https://mailchi.mp/sherrycooper/august-housing-activity-flat-despite-rate-cuts

09/09/2024

**Interest Rate Shockwave: How It's Impacting You**

Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making any financial decisions.

The Bank of Canada is signaling a shift towards lower interest rates, and this could be great news for you!

Here's how it might impact you:

Save on Your Mortgage: Existing homeowners with variable rates could see lower monthly payments. A 25 basis point cut on a $500,000 mortgage could potentially save you hundreds per month!

Dream Home More Affordable: Potential buyers, this could be your chance! Lower rates could make homeownership more accessible, bringing that dream home within reach. ✨

Economic Boost: Lower rates can stimulate the economy by making borrowing cheaper, encouraging increased investment and spending.

Remember:

The economic landscape can change, but staying informed is key.
Your specific financial situation matters. Consult a professional to understand the impact on you.

Want to Explore Your Options?

At LendMoola, we offer a white-glove service, going beyond the standard big bank products. ✨

Connect with LendMoola!

Contact us: Links on our page.
Learn More: Visit our website: https://lendmoola.ca/
Apply Now: https://lendmoola.ca/application/



Actionable Tip:

Homeowners: Consider refinancing if your current rate is high! Use an online calculator to estimate potential savings.

Potential Buyers: Get pre-approved for a mortgage to understand your buying power and expedite the process.

Let's chat in the comments below!

We're here to help you navigate the exciting world of homeownership.

09/04/2024

Bank of Canada Cuts Policy Rate By 25 bps to 4.25%. Excess supply in the Canadian economy continues to slow inflation

Bank of Canada Cuts Policy Rate By 25 bps to 4.25%. Excess supply in the Canadian economy continues to slow inflation. https://mailchi.mp/sherrycooper/bank-of-canada-cuts-policy-rate-by-25-bps-to-425

08/20/2024

08/19/2024

Hi everyone!

I grew up in Vancouver, BC, and recently moved to Burnaby.

I've always been passionate about helping people achieve their real estate goals. To make homeownership a reality, understanding your financial situation is key. That's why I recommend starting with a budget assessment. With my background in customer service, sales, and international trade, I can guide you through this process and explore various homeownership options tailored to your needs.

At LendMoola, a leading BC-based mortgage brokerage specializing in private, secondary, and commercial financing, this allows me to expand my residential mortgage services and offer even more tailored solutions to help you achieve your homeownership or investment goals.

I understand firsthand the challenges many face when qualifying for traditional bank loans. Through my own homeownership experience, I’ve realized the importance of alternative lending options. By being a part of the LendMoola team, I can offer a wider range of financing solutions to help people who might otherwise be overlooked.

I’m excited to be on the Lendmoola team to help you unlock your home's potential. Stay tuned for more updates and informative content!