Vien Mountryvong - Dominion Lending Centres Premier Mortgages

Vien Mountryvong - Dominion Lending Centres Premier Mortgages Personalized mortgage solutions built on trust, integrity and professionalism.

The Bank of Canada held its overnight interest rate at 2.25% today, in a move widely expected by economists.Most see the...
01/28/2026

The Bank of Canada held its overnight interest rate at 2.25% today, in a move widely expected by economists.

Most see the central bank remaining in a holding pattern until the outcome of CUSMA negotiations is clear or other economic data offer strong evidence for a move.

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

After 4 quarter interest rate cuts in 2025, the Bank of Canada has ended the year with a hold and signalled that rates a...
12/10/2025

After 4 quarter interest rate cuts in 2025, the Bank of Canada has ended the year with a hold and signalled that rates are going to stay at 2.25 per cent for some time to come.

Keeping rates unchanged suggests borrowing costs in Canada are right around where they should be, given the current state of the economy.

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

The Bank of Canada has cut rates for the second consecutive time bringing the overnight rate to 2.25%.Policymakers say t...
10/29/2025

The Bank of Canada has cut rates for the second consecutive time bringing the overnight rate to 2.25%.

Policymakers say the decision to lower the rate was taken due to ongoing weakness in the economy combined with projections that inflation will remain close to its two per cent target.

The central bank said rate cuts of a combined 100 basis points since January are meant to help the economy through what he describes as a “period of adjustment.”

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.5% as was widely expected. The BOC was pretty...
09/17/2025

Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.5% as was widely expected. The BOC was pretty tight-lipped about future rate cuts, but given the current trajectory, we expect another rate cut when they meet again on October 29. This should help boost interest-sensitive spending, most particularly housing, where there is considerable pent-up demand.

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

For the third time in a row, the Bank of Canada is holding its key interest rate steady at 2.75%.Here’s what that means ...
07/30/2025

For the third time in a row, the Bank of Canada is holding its key interest rate steady at 2.75%.
Here’s what that means for you:
🔵 Mortgage rates haven’t dropped yet, but they’ve come down from last year’s highs.
🔵 Many Canadians are still waiting for more relief before jumping into the market.
🔵 The next chance for a rate cut? September 17.
Not sure whether to wait or move forward? Reach out for a quick chat!

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

Canada’s big banks are divided on how much further the Bank of Canada will cut rates, with RBC now saying the rate has l...
07/18/2025

Canada’s big banks are divided on how much further the Bank of Canada will cut rates, with RBC now saying the rate has likely bottomed, while others still expect more easing ahead.

By contrast, Scotiabank has revised its forecast lower, now projecting the policy rate to settle at 2.50%—down from 2.75% in its previous estimate. BMO, meanwhile, remains the most dovish, continuing to project a fall to 2.00% by early 2026.

TD, CIBC and National Bank continue to expect a terminal rate of 2.25%, in line with the Bank of Canada’s current inflation outlook.

Next BOC announcement is July 30th.... Stay tuned!

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

The Bank of Canada held its benchmark interest rate unchanged at 2.75% at today's meeting, the second consecutive rate h...
06/04/2025

The Bank of Canada held its benchmark interest rate unchanged at 2.75% at today's meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The unpredictability of the magnitude and duration of tariffs posed downside risks to growth and lifted inflation expectations, warranting caution regarding the continuation of monetary easing.

The Bank will likely cut rates two more times this year, bringing the overnight rate down to 2.25%.

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

Remote work changed everything for millennial buyers, especially where they’re looking.In 2025, many are prioritizing af...
05/27/2025

Remote work changed everything for millennial buyers, especially where they’re looking.

In 2025, many are prioritizing affordability, space, and lifestyle over staying close to downtown. That’s pushing demand toward suburban areas and smaller cities. But it’s not just about moving further out. With hybrid work still common, proximity to transit and commuter lines is still a key factor. Plus, home features like office space, outdoor areas, and larger layouts are now must-haves, not bonuses.

Millennials are buying with flexibility in mind and reshaping the housing market as they go.

Are you a millennial looking to enter the market? Reach out to get started!

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

From first-time buyers to seasoned homeowners, Canadians are seeking expert guidance and flexible options beyond the big...
05/05/2025

From first-time buyers to seasoned homeowners, Canadians are seeking expert guidance and flexible options beyond the big banks.

Nearly half of all buyers in 2024 used a mortgage broker to shop smarter, save time, and access a wider range of lenders. With new regulations on the way to increase transparency and professionalism, there’s never been a better time to work with a licensed mortgage expert.

Looking for tailored advice and better mortgage options? Reach out today!

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

Interest Rate Stays Put — For the first time in a year, the Bank of Canada didn’t change interest rates. The overnight r...
04/16/2025

Interest Rate Stays Put — For the first time in a year, the Bank of Canada didn’t change interest rates. The overnight rate held steady at 2.75% — after a quarter point cut last month.

Why does this matter?
🔵 If you’re waiting for lower mortgage rates, this means we’re not quite there yet… but we’re heading in the right direction.
🔵 A steady rate signals caution — with global uncertainty (like US tariffs), they’re taking a “wait and see” approach.

Next update is June 4th.
Stay tuned — because every rate decision affects your buying power.

The Bank of Canada cut interest rates by a quarter point on Wednesday with economic headwinds rising thanks to the trade...
03/12/2025

The Bank of Canada cut interest rates by a quarter point on Wednesday with economic headwinds rising thanks to the trade war launched by the US. This took the target for the key overnight rate to 2.75%. The Bank has cut overnight interest rates seven times since last June, lowering it from its peak of 5%.

With so much uncertainty in the economy, it’s important to speak with a mortgage professional for your mortgage needs. The economic landscape, including interest rates, inflation, and potential shifts in housing market trends, can have a significant impact on your mortgage options and long-term financial stability.

Here are a few reasons why it's key to consult with a mortgage professional:
1. Interest Rate Volatility: Given that interest rates may fluctuate, especially during uncertain economic times, a mortgage expert can help you understand whether to lock in a fixed rate or choose a variable rate. They can also guide you on what your monthly payments might look like based on different rate scenarios.
2. Navigating the Market: The housing market can be unpredictable, and a mortgage professional can help you assess whether it’s the right time to buy or refinance, depending on the current market conditions and your personal financial situation.
3. Customizing Your Mortgage: Help you find the most suitable mortgage products for your specific needs, whether it's a shorter-term mortgage, a larger down payment, or advice on choosing the right type of mortgage
4. Expert Negotiation: Help shop around for the best deals on renewals and purchases across multiple lenders, ensuring you get competitive rates and terms.
5. Long-term Strategy: Assist in aligning your mortgage with your long-term financial goals, whether you’re planning to pay it off quickly, leverage equity, or prepare for a future investment.

It’s always beneficial to have expert advice, especially in uncertain times, to ensure you’re making the best decisions for your future financial health.

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

With interest rates now down from peak levels, mortgage shoppers, especially those with mortgages locked in at historica...
01/29/2025

With interest rates now down from peak levels, mortgage shoppers, especially those with mortgages locked in at historically low rates—will have a strong incentive to shop around for better deals, creating intense competition among lenders.

If your mortgage is up for renewal this year, speak with a mortgage professional to explore your options - don't leave money on the table!

Vien Mountryvong
📱226.988.8771
✉️ [email protected]

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