Michelle Beet and Susan Cowling

04/18/2023

Interesting article worth the read...

Great News On The Inflation Front The Consumer Price Index (CPI) fell sharply in March to 4.3% year-over-year, continuing a pattern of repeated declines. Before we break out the champagne, however, much of the drop in inflation resulted from the steep monthly increase in prices in March one year ago...

04/14/2023

Indicators beginning to show the market is rebounding. Message us if you need assistance with mortgage qualifications or are looking for the best mortgage advice available. Helping Canadians achieve their goals of home ownership and equity for retirement since 1995.

04/05/2023

Renters as a percentage of the population is growing at a rate three times faster than home owners. Now approximately one third of Canadians are renters. Excellent read.

The percentage of Canadian renters has increased at three times the rate of homeowners over the past decade and shows no sign of slowing

03/15/2023

We've seen a noticeable increase in activity by both Realtors and Mortgage Brokers over the past several weeks. If you need mortgage advice or would like to apply for the very best rates in Canada please let us know. We look forward to hearing from you!

Housing Market Could Be Poised For A Spring Rebound The Canadian Real Estate Association says home sales in February bounced 2.3% from the previous month. Homeowners and buyers were comforted by the guidance from the Bank of Canada that it would likely pause rate hikes for the first time in a year.....

03/10/2023

These stats could lead to more rate hikes?

Canadian Labour Market Jeopardizes Rate Pause Today’s Labour Force Survey (LFS) for February was much stronger than expected, questioning how long the Bank of Canada’s rate pause can last. Following the 150,000 jobs gain in January, economists expected a small increase of 10,000 positions and a ...

03/06/2023

The Bank of Canada will keep its key interest rate on hold at 4.50% for the rest of this year, according to economists polled by Reuters, who said the bank was more likely to sound a hawkish tone on March 8 than dovish as inflation remains a worry.

02/27/2023

Excellent article on percent of mortgage holders by BC community. Shows the younger population and how they are much more likely to feel the effects of higher interest rates.

Suburban and periphery cities have a higher number of mortgage holders, according to census data

06/22/2022

Watch for rising interest rates to continue throughout 2022. With over 40 years combined experience in varying market conditions, we can provide sound advice for your mortgage decisions. Private message for more info!

Canadian Inflation Surged to 7.7% In May Canada’s consumer price index increased 7.7% in May from a year earlier, up from 6.8% in April, the fastest inflation pace since January 1983. The release confirms that the Bank of Canada is staring down the most dangerous burst of Inflation since it starte...

04/13/2022

Bank of Canada raises the benchmark prime lending rate by .5%. The largest single day increase in 22 years. Private message if you need advice on your mortgage. With over 3 decades of experience in the mortgage industry we can help!

Bank of Canada Hikes Rates by 50 BPs, Signalling More To Come The Governing Council of the Bank of Canada raised the overnight policy rate by a full 50 basis points for the first time in 22 years. This was a widely telegraphed action that will be followed by the US Federal Reserve next month. […]

10/22/2020

We have a winner for our monthly draw! Our winner this month is a little shy so we will not be posting any names, but stay tuned for our next draw coming shortly.
Stay safe and healthy everyone!

10/07/2020

We are so excited to announce the return of our monthly giveaway!

This month our winner will receive a Cahot UV Sanitizer Box. This sanitizer box equipped with 8 true LED U-V-C lamps, which can help eliminate 99% of invisible hazards in just 3 minutes, allowing you to disinfect your daily gadgets easily. With extra space to place your phone, glasses, jewelry, watches, car keys and earpods inside the box to give your items a complete disinfecting bath.

If you are our client you are automatically entered. To join our mailing list and enter the contest please input your information here https://www.susanandmichelle.com/join-our-mailing-list

We hope everyone is staying safe!
Susan, Michelle and Shawna
Your Homeline Mortgage Team