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But we are proud to say that Jessy Savage contributed 33 entries already.
2024 Federal Budget Analysis for Canadian Mortgages Every year, the Canadian government releases its Federal budget, and residents wait to see how the changes will impact them. While the 2023 budget focused on improving the economy and making daily life affordable, the 2024 budget heavily targets the housing market. A study from Abacus Data highlights […]
Buying a home is an exciting process as it symbolizes a new beginning. From viewing different properties to waiting in nervous anticipation for your offer to be accepted, the process can also be draining. Many people forget the importance of appraisals and assessments—two integral factors when moving home and securing a mortgage. While property assessments […]
4 Questions To Ask Before You Buy A Home in Canada So, you’re thinking about buying a home in Canada. Whether it’s your first home or you’re upgrading to a larger space, there are many things to consider. The right property will last for years and prove a wise investment, but buying a home that […]
Bank of Canada April Interest Rate Announcement Homeowners and property hunters across Canada waited to see whether the Bank of Canada would shake up its interest rates. However, the April 10, 2024 announcement confirmed what most experts already knew—the overnight lending rate will stay at 5%. Our recent 2024 interest rate predictions post highlighted the […]
Owning a home gives you more freedom and flexibility—but it also comes with additional responsibilities and big decisions. One such decision is whether to refinance your mortgage. Refinancing could save money and give you more flexibility if you own at least 20% equity in your property. However, jumping into a decision might mean you don’t […]
So, you’re ready to buy your first home. Congratulations! There’s nothing quite like homeownership, which gives you more flexibility and provides an escape from the volatile rental market. Unfortunately, Canada recently decided to end its Incentive Program for first-time buyers, leaving many unsure of their home-buying eligibility. While the incentive was a great way to leave […]
On March 6th the Bank of Canada announced that they would hold their policy interest rate at 5%, with the bank rate at 5.25%, and deposit rate of 5%. With this announcement, the Bank of Canada is continuing on with their policy of quantitative tightening. The Canadian economy grew in the fourth quarter of 2023, […]
Securing Your Mortgage As A Self-Employed Borrower If you’re an entrepreneur looking to buy a home, you may need to meet additional requirements to qualify for a self employment mortgage. However, here at Prime Mortgage works we specialize in mortgage lending for self-employed borrowers. We’re going to discuss everything you need to know for a […]
It is a significant event finally buying your first home, or even a new home. Home ownership means putting down roots and having a space that’s truly yours. Buying a home in Victoria can feel like a daunting task at first. However when done properly, buying and owning a home in Victoria limits your financial […]
Bank of Canada Announces Interest Rate Hold A press release from the Bank of Canada’s Media Relation Team on January 24th announced it will maintain policy rate, and is continuing its policy of quantitative tightening. The current bank rate is holding at 5.25% and the deposit rate at 5%. As global economic growth continues to […]
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