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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]

Condo buyers consider this........

Condo buyers consider this........

February 11, 2020 | Posted by: Patrick Mulhern

Thinking of buying a condo in 2020? Don't overlook this 1 key expense Finance columnist Mark Ting on the importance of insurance for condo buyers Mark Ting · for CBC News · Pos ... [read more]

Why worries about the coronavirus are pushing mortgage rates down

Why worries about the coronavirus are pushing mortgage rates down

January 30, 2020 | Posted by: Patrick Mulhern

Why worries about the coronavirus are pushing mortgage rates down Fear has pushed investors to buy up bonds, which is causing cheaper borrowing for home buyers   Pete Evans · CB ... [read more]

BC housing prediction for 2020

BC housing prediction for 2020

January 24, 2020 | Posted by: Patrick Mulhern

BC housing market should be 'considerably brighter' in 2020 by Steve Randall 24 Jan 2020   The recovery of the British Columbia housing market should continue the momentum of the end ... [read more]

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