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But we are proud to say that Jessy Savage contributed 30 entries already.
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 […]
Using A Mortgage Broker vs. A Bank When it is time to get a mortgage, Canadians typically turn to one of two sources for securing financing: banks and mortgage brokers. Not sure whether to go with a bank or a mortgage broker for your new home purchase? If you’ve never gotten a mortgage before, it […]
It seems that mortgage rates high fever has finally broken – at least for now. 2024 interest rate forecasts could mean that Canada’s soft housing market is poised to turn. After a year marked by caution and spurred by rising borrowing costs. Economists believe the Canadian housing market is showing signs of a rebound and […]
Our Guide To Purchasing Your First Condo in Victoria Purchasing the space you’ll call home is a big step. Buying condos in Victoria is an exciting opportunity. It can be freeing to have a home of your very own and can open doors to the purchase of a single family home in future or even […]
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