Date the Rate & Marry the House
Many of you are wondering: "Is now a good time to buy?" There's this saying in the States that goes, "Date the Rate and Marry the...
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Keith&Jacqueline
- Oct 26
- 3 min
The Bank of Canada increased its target overnight rate by 0.50%
Today, the BoC increased its target overnight rate by 0.50% to 3.75%. This was lower than the 0.75% increase expected by most. The Bank...
30
Keith&Jacqueline
- Sep 15
- 1 min
The New Mandatory Cooling Off Period Is Coming in January 2023 for Home Buyers
On January 1, 2023, the B.C. government will implement changes to the Property Law Act to make the Home Buyer Rescission Period (“HBRP”),...
60
Keith&Jacqueline
- Sep 13
- 2 min
Getting inflation back to normal
Speech summary Carolyn Rogers - Senior Deputy Governor of the Bank of Canada Speaking a day after the Bank of Canada raised interest...
170
Keith&Jacqueline
- Sep 8
- 1 min
What are Mortgage Backed Securities (MBS)?
A Mortgage-Backed Security (MBS) is an investment similar to a bond that is made up of a bundle of mortgage loans bought from the banks...
50
Keith&Jacqueline
- Sep 8
- 1 min
Is Tapering the same thing as Quantitative Tightening?
No. Tapering is the process of reducing the pace of quantitative easing (QE), but the balance sheet is still being expanded, though at a...
50
Keith&Jacqueline
- Sep 8
- 1 min
How Does the Overnight Rate Affect the Prime Rate?
When the overnight rate is increased by the central bank, it becomes more expensive for banks to borrow money from one another,...
40
Keith&Jacqueline
- Sep 7
- 1 min
What are Quantitative Easing and Quantitave Tighterning
What is Quantitative Easing? Quantitative Easing (QE) refers to monetary policies that expand the Federal Reserve System (Fed) balance...
50
Keith&Jacqueline
- Sep 7
- 1 min
What is Inflation?
Inflation is the rate at which prices for goods and services rise. This can translate to a decrease in purchasing power over time.
90
Keith&Jacqueline
- Sep 7
- 1 min
What are CPI and Core CPI?
What is CPI? CPI is the Consumer Price Index. This is a measure of the cost of living for the typical person. What is Core CPI? Core...
30
Keith&Jacqueline
- Sep 7
- 1 min
What is the Target Overnight Rate?
The target overnight rate is a key Bank of Canada-controlled interest rate used as a basis for one-day (or “overnight”) borrowing between...
100
Keith&Jacqueline
- Sep 7
- 1 min
What is the main role and function of the Bank of Canada?
Its principal role is "to promote the economic and financial welfare of Canada," as defined in the Bank of Canada Act. Monetary policy:...
50
Keith&Jacqueline
- Sep 7
- 2 min
The BoC increased its target overnight rate by 0.75% to 3.25% on September 7, 2022.
Monetary policy is also further being tightened by the BoC. This is the 5th increase in the overnight rate since March 2022 as the BoC...
50
Keith&Jacqueline
- Jul 13
- 2 min
The Bank of Canada today increased its target for the overnight rate by 1% to 2.5%.
Today, July 13, 2022, The market was expecting a 0.75% increase. The Bank is also continuing its policy of quantitative tightening (QT)....
00
Keith&Jacqueline
- Jul 11
- 1 min
Find The Perfect Mortgage Solution
Have you talked with the bank? Have they played games with you? Have their offers not been the greatest? Whether you’re a...
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Keith&Jacqueline
- Jul 4
- 1 min
FREE Outdoor Family Movies at The Shipyard Commons
Throw the kids in their jammies and come out for FREE outdoor family movies at The Shipyard Commons this summer! Weekly, Wednesdays from...
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Keith&Jacqueline
- Jul 4
- 1 min
YOUR DREAMS ARE WAITING...
Whether you’re self-employed, would like to get out of debt, or if your mortgage is simply coming up for renewal and you’d like to see...
20
Keith&Jacqueline
- Apr 13
- 1 min
3 Things You NEED TO KNOW About the Bank Of Canada Rate Announcement - April 13th, 2022
What? The Bank of Canada increased its overnight rate by 0.50% So? This was the biggest one-time increase in 22 years, since 2000, in an...
50
Keith&Jacqueline
- Mar 30
- 2 min
Difference Between Deposit and Downpayment
If you’re new to the home buying process, it’s easy to get confused by some of the terms used. The purpose of this article is to clear up...
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Keith&Jacqueline
- Mar 23
- 3 min
Understanding your Employment Status
Chances are if you’re applying for a mortgage, you feel confident about the state of your current employment or your ability to find a...
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