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Mortgage deferrals and ten more timely tips

Mortgage deferrals and ten more timely tips

April 30, 2020 | Posted by: Patrick Mulhern

Mortgage deferrals and ten more timely tips I hope you and your family are enjoying good health and finding some measure of happiness in this strange spring. Certainly, many Canadians are f ... [read more]

Bank of Canada - remains at .25%

Bank of Canada - remains at .25%

April 15, 2020 | Posted by: Patrick Mulhern

Bank of Canada maintains overnight rate at its 'effective lower bound'       The Bank of Canada announced that it will maintain the overnight rate at 0.25%, which it ... [read more]

Mortgage Deferral links

Mortgage Deferral links

April 8, 2020 | Posted by: Patrick Mulhern

As you most likely have heard, lenders and governments (provincial and federal) have come up with plans to assist those who are struggling financially during COVID-19 pandemic.  Clic ... [read more]

Another unscheduled .50% rate cut by BoC

Another unscheduled .50% rate cut by BoC

March 27, 2020 | Posted by: Patrick Mulhern

Bank of Canada makes another emergency cut to interest rate Bank has made an emergency rate cut twice in 2 weeks in response to damage of COVID-19 pandemic Pete Evans · CBC News ... [read more]

Deferment and Alternative options

Deferment and Alternative options

March 25, 2020 | Posted by: Patrick Mulhern

      Payment options:   In this very uncertain time when the ability to make a living is on hold,  we are faced with serious financial issues.   The Fe ... [read more]

Lenders pull together to help Canadians with mortgage payment relief

Lenders pull together to help Canadians with mortgage payment relief

March 18, 2020 | Posted by: Patrick Mulhern

Big banks promise mortgage help for Canadians as Ottawa set to announce $25B in COVID-19 relief Mortgage, rent help could be part of federal package to be announced Wednesday Natalie Nanows ... [read more]

Unprecedented times - Where rates are and going?

Unprecedented times - Where rates are and going?

March 16, 2020 | Posted by: Patrick Mulhern

  In an unpresedented move yesterday the US Federal Reserve cut their key lending rate by 1.0% to 0-.25%. This after a .50% cut in rates back on March 3rd.   They also have r ... [read more]

Bank of Canada matches US Fed with half-point rate cut

Bank of Canada matches US Fed with half-point rate cut

March 4, 2020 | Posted by: Patrick Mulhern

Bank of Canada follows U.S. with half-point rate cut to soften blow of coronavirus Bank rate reduction comes amid economic concerns over coronavirus outbreak The Canadian Press · Po ... [read more]

US Fed makes an unscheduled .5% rate reduction

US Fed makes an unscheduled .5% rate reduction

March 3, 2020 | Posted by: Patrick Mulhern

Fed delivers emergency rate cut as risks from coronavirus mount Matt LundyEconomics Reporter David BermanInvestment Reporter Bill Curry Published March 3, 2020 Updated 8 minutes ago   &n ... [read more]

Ottawa changing the stress test will make it easier to qualify

Ottawa changing the stress test will make it easier to qualify

February 20, 2020 | Posted by: Patrick Mulhern

Canada’s stress test is no stranger to controversy; here’s why Ottawa is changing it now The new “floor” for the mortgage stress tests is scheduled to come into effect ... [read more]

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