Faisal Vallani Mortgages - RBC

03/12/2025

BoC ⬇️ 0.25%

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Basic Summary:

• BoC ⬇️ 0.25%
• Overnight Rate: 2.75%
• Prime Rate: 4.95% - most lenders, typically TD is the exception

Bank of Canada:

“While economic growth has come in stronger than expected, the pervasive uncertainty created by continuously changing U.S. tariff threats is restraining consumers’ spending intentions and businesses’ plans to hire and invest,” the central bank said in a statement alongside the decision.

“Against this background, and with inflation close to the 2 per cent target, Governing Council decided to reduce the policy rate by a further 25 basis points.”

Next Scheduled Rate Announcement: April 16, 2025

Contact us for more details & questions. We are here to help!

Faisal Vallani & Associates
Senior Mortgage Specialist
(604) 825.2440
[email protected]

01/29/2025

Out the gate in 2025! 🐎 BoC ⬇️ 0.25%!

➡️ Swipe to see what you need to know!

Basic Summary:

• BoC ⬇️ 0.25%
• Overnight Rate: 3.00%
• Prime Rate: 5.2% - most lenders, typically TD is the exception
• 0.25% cut represents a ⬇️$15/ $100,000 (monthly) on a variable rate mortgage payment (adjustable payments)

Next Scheduled Rate Announcement: March 12, 2025

Contact us with any questions!

Faisal Vallani & Associates
Senior Mortgage Specialist
(604) 825.2440
[email protected]

01/29/2025

01/22/2025

Helping clients achieve their homeownership dreams is what we do best! ✨ This testimonial speaks volumes about our dedication and commitment to our clients.

12/11/2024

𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐧𝐚𝐝𝐚 ⬇️ 𝟎.𝟓𝟎% • 𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐤𝐧𝐨𝐰!

BoC Overnight Rate: 3.25%
Bank Prime Rate: 5.45% - most major CDN banks*
Forward Guidance: Signals slower rate cutting pace moving forward

The Bank noted that it has “reduced the policy rate substantially since June” and that going forward it will be evaluating the need for further rate cuts “one decision at a time.”


𝐕𝐚𝐫𝐢𝐚𝐛𝐥𝐞 𝐑𝐚𝐭𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

• Line of Credit: Rate reduction by 0.50%
• Static Payments Mortgages: No change to payments – more principal will be paid down (reduced interest cost and amortization)
• Adjustable Payment Mortgages: Monthly payments reduced by approximately $30/ $100,000, depending on amortization

𝐅𝐢𝐱𝐞𝐝 𝐑𝐚𝐭𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

• No 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 changes to fixed rate mortgages

𝐍𝐞𝐱𝐭 𝐑𝐚𝐭𝐞 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭: January 29, 2025

(604) 825.2440
[email protected]

12/11/2024

𝐁𝐚𝐧𝐤 𝐨𝐟 𝐂𝐚𝐧𝐚𝐝𝐚 ⬇️ 𝟎.𝟓𝟎% • 𝐖𝐡𝐚𝐭 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐤𝐧𝐨𝐰!

BoC Overnight Rate: 3.25%
Bank Prime Rate: 5.45% - most major CDN banks*
Future Expectations: Expect a more gradual approach by the BoC. “Our decisions will be guided by incoming information and our assessment of the implications for the inflation outlook.”

𝐕𝐚𝐫𝐢𝐚𝐛𝐥𝐞 𝐑𝐚𝐭𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

• Line of Credit: Rate reduction by 0.50%
• Static Payments Mortgages: No change to payments – more principal will be paid down (reduced interest cost and amortization)
• Adjustable Payment Mortgages: Monthly payments reduced by approximately $30/ $100,000, depending on amortization

𝐅𝐢𝐱𝐞𝐝 𝐑𝐚𝐭𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬

• No 𝐢𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 changes to fixed rate mortgages

𝐍𝐞𝐱𝐭 𝐑𝐚𝐭𝐞 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐦𝐞𝐧𝐭: January 29, 2025

Faisal Vallani
(604) 825.2440

11/15/2024

𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐨𝐮𝐫 𝐜𝐥𝐢𝐞𝐧𝐭𝐬 𝐫𝐢𝐠𝐡𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐟𝐢𝐧𝐢𝐬𝐡 𝐥𝐢𝐧𝐞!
We are sharing this to highlight a common misconception: receiving a rate hold does 𝐧𝐨𝐭 mean your rate and term are locked in. At , our practice is to hold 𝐚𝐥𝐥 𝐭𝐞𝐫𝐦𝐬 at the time of pre-approval—fixed and variable.. In a declining interest environment, we continue to work with our client to improve their rates and reassess our advice right up until the end.

Our team has a combined 22 years in banking and nearly 15 years in the mortgage business. For those who do not know us, this review is a testament to our dedication and commitment to providing first class service, advice and solutions to clients who allow us on their journey.

A big thank you to these clients for sharing their experience with us. 🙏

𝟓 ⭐️ 𝐆𝐨𝐨𝐠𝐥𝐞 𝐑𝐞𝐯𝐢𝐞𝐰 - 𝐇𝐚𝐩𝐩𝐲 𝐂𝐥𝐢𝐞𝐧𝐭𝐬

11/02/2024

🏆 𝐓𝐨𝐩 𝟏𝟎% 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐥𝐲 • 𝐀𝐰𝐚𝐫𝐝 𝐨𝐟 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞 • 𝐂𝐨𝐧𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐖𝐢𝐧𝐧𝐞𝐫 🏆

With immense honour and gratitude, Juliet and I are thrilled to share that we have ranked within the Top 10% in Canada! This achievement reflects the incredible trust, support, and teamwork from our clients, Realtors, partners, family, and friends.

This year’s award feels especially meaningful as we navigated unique market conditions and a challenging interest rate environment. Through it all, our commitment to providing the highest standards of service has only grown stronger. We continue to invest in expanding partnerships and continuous learning to serve you even better.

To everyone who has been part of this journey, big or small, we appreciate you! This win is for all of us!

Warmest regards,

Faisal Vallani
Senior Mortgage Specialist

Juliet Lasher
Client Care Manager

09/17/2024

It is always incredibly rewarding to hear how we have made a difference!

09/17/2024

Meet 𝐅𝐚𝐢𝐬𝐚𝐥 𝐕𝐚𝐥𝐥𝐚𝐧𝐢, 𝐒𝐞𝐧𝐢𝐨𝐫 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐒𝐩𝐞𝐜𝐢𝐚𝐥𝐢𝐬𝐭 with over a decade of experience in lending and a rich background in real estate. Faisal combines his extensive industry knowledge with a personalized approach to guide you through the home financing journey across Canada. With his expertise, turning your home ownership dreams into reality is just steps away. Connect with Faisal to navigate your journey with confidence.

09/17/2024

𝐁𝐈𝐆 𝐍𝐄𝐖𝐒❗️The federal government makes bold changes to Canada’s mortgage system after decades!

Check out our post for more details & FAQ.

𝐒𝐔𝐌𝐌𝐀𝐑𝐘:

[As of December 15, 2024]

• Cap on purchase price for insured mortgages to be increased from 1 million to 1.5 million

• First Time Home Buyers (FTHB) will be eligible for 30 year amortizations on insured mortgages (less than 20% down).

𝐇𝐚𝐯𝐞 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐜𝐡𝐚𝐧𝐠𝐞𝐬 𝐨𝐫 𝐭𝐨 𝐞𝐱𝐩𝐥𝐨𝐫𝐞 𝐰𝐡𝐚𝐭 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐬𝐨𝐨𝐧 𝐚𝐟𝐟𝐨𝐫𝐝, 𝐠𝐢𝐯𝐞 𝐮𝐬 𝐚 𝐜𝐚𝐥𝐥.

𝐅𝐚𝐢𝐬𝐚𝐥 𝐕𝐚𝐥𝐥𝐚𝐧𝐢 & 𝐀𝐬𝐬𝐨𝐜𝐢𝐚𝐭𝐞𝐬
📞 (604).825.2440
✉️