Catherine Ellis, Mortgage Professional - 778-835-4565
info@cefinancial.ca
“Change creates opportunity, be one step ahead & take action and make an informed decision for your borrowing needs.”
House Hunting Looking for a home can be a stressful process, but it’s important to take breaks and have some fun along the way. Here are some fun things you can do while looking for a home: Remember, taking breaks and having fun is important while looking for a home. It can help you stay
The Bank of Canada met on Wednesday and decided to hold the overnight lending rate – at 4.5% Why was this decision made: o Inflation in many countries is easing in the face of: o Lower energy prices o Normalizing supply chains o Tighter monetary policy o On the other side: o Labour markets remain tight.
Happy Friday Everyone! Spring is only a few days away and I wanted to reach out to give you an update on our end & to catch you up on the happenings of the real estate world. Firstly, I want to share some exciting news – our team has grown by two Andrew who has
The Bank of Canada met on Wednesday and held the overnight rate at 4.50% and is continuing its quantitative tightening. What does this mean? If you have a variable or adjustable rate or HELOC product – there is no change to your rate currently. If you have a fixed rate mortgage – your payments will
Programs You May or May Not Have Heard of: Purchase Plus Improvements – The ability to incorporate renovations into your purchase whether it be a new bathroom, suiting the basement or new windows – our lender and insurer partners may be able to assist at best rates for more information on these programs reach out!
December Update – 2022 Good afternoon, I am sure many of you heard the latest update from the BOC in relation to the overnight rate hike by an additional 50bps (0.50%) bringing the rate to 4.25% and the corresponding prime rates should move in the days ahead to 6.45% with many lenders and 6.60% with
The question has been top of mind for many Canadians and people around the globe surrounding the state of the world. From climate change, instability in nations around the global financial concerns, inflationary pressures, supply chains, COVIDs impact on how we live and operate, and geopolitical concerns in nations around the globe. The world is
The BOC increased the target for the overnight rate to 3.25% with continuing its policy of quantitative tightening. The banks, nonbanks, credit unions & private lenders – will all adjust their prime lending rates to follow the announcement in the days ahead. Lenders will adjust their prime rates respectively to 5.45% from 4.70%. *May differ
As we come into more challenging times financially, with needing two bags of chips to satisfy a craving due to ‘shrinkflation’ – who knew our chips would take such a crunch with rising inflation. I’d like to discuss preparing for the costs associated with owning a home. Many of us have spent many years saving
As we have all been waiting for the latest announcement by the Bank of Canada – which took place this morning. They went in aggressively deciding to rise the BOC (Bank of Canada) overnight lending rate by an additional 100bps or 1%. This rate is utilized by the banks to determine the rate to which