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This Is Your Sign To Pack Your Bags Move To Vancouver.
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This Is Your Sign To Pack Your Bags Move To Vancouver.

Why Vancouver is the Perfect Place to Buy a Home, Grow a Family, and Experience a Fulfilled Life: Stunning Natural Beauty Vancouver is surrounded by breathtaking mountains, lush forests, and beautiful beaches. It's a paradise for outdoor enthusiasts! World-Class Education Vancouver offers excellent schools and universities, making it a great place to raise and educate your children. Vibrant Cultural Scene Enjoy a rich cultural life with diverse cuisines, festivals, theaters, and art galleries. Strong Economy Vancouver's robust economy and thriving job market provide ample opportunities for career growth and stability. High Quality of Life With its mild climate, safe neighborhoods, and extensive public amenities, Vancouver is consistently ranked among the top cities in the world to live in. Ready to make the move to Vancouver? 🏡 Let us help you start your mortgage approval process. Contact us today and take the first step towards your new life in this amazing city! Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouver #vancouverhomes #vancouverhousehunting #vancouverrealestate #vancouverbusiness #interestrates #fixedratemortgage #mortgage #mortgagebroker #mortgagehelp #mortgagerates #mortgages #mortgagelender #mortgagespecialist #mortgagesolutions #mortgagestrategies #mortgagestrategy #northvancouver
Breaking News: Bank of Canada Lowers Interest Rates - What You Need to Know!
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Breaking News: Bank of Canada Lowers Interest Rates - What You Need to Know!

In this video, I sit down with Vancouver Realtor Christine Kopr of Sotheby’s International Realty and break down the latest news from the Bank of Canada: a decrease in the overnight rate target from 5% to 4.75%. We'll explain what this means for variable rate mortgage holders, how it might impact your monthly payments, and what to expect in the coming months. In This Video: ‣ Interest Rate Update: What was the rate before and what is it now? ‣ Impact on Borrowers: How does this change affect variable rate mortgage holders? ‣ Fixed-Term Mortgages: Will there be any changes in fixed interest rates? ‣ Strategies for Borrowers: Key advice for those looking to get into the market or renew their mortgage. Key Points Discussed: 1. The difference between the overnight rate and the prime interest rate. 2. How much your mortgage payments might decrease. 3. Tips for managing your mortgage in a changing interest rate environment. 4. The importance of starting early and getting your financial documents in order. 🔔 Subscribe to our channel for more updates and insights on the real estate market and mortgage trends. Follow us on Instagram for daily tips and news! 📅 Important Dates: Next Bank of Canada Rate Announcement: July 24th 💬 We'd love to hear from you! Drop your questions or comments below and let us know what topics you want us to cover in our next video. Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouver #vancouverhomes #vancouverhousehunting #vancouverrealestate #vancouverbusiness #interestrates #fixedratemortgage #mortgage #mortgagebroker #mortgagehelp #mortgagerates #mortgages #mortgagelender #mortgagespecialist #mortgagesolutions #mortgagestrategies #mortgagestrategy #northvancouver
Bank of Canada lowered overnight rate by 0.25%, will continue policy of balance sheet normalization.
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Bank of Canada lowered overnight rate by 0.25%, will continue policy of balance sheet normalization.

📢 Bank of Canada Rate Announcement - June 5, 2024 🔍 Top 3 Highlights: 1. The BoC has lowered its target for the overnight rate by 0.25% to 4.75%. 2. The economy grew at a slower pace with GDP at 1.70%, and while 90,000 jobs were added in April, economic slack is still rising. 3. Canada’s inflation rate slowed to 2.70% in April, with bond yields dropping and expected downward movement on fixed mortgage rates. 🏠 What Does This Mean for You? Major banks are likely to lower their Prime Lending Rate by 0.25% to 6.95%, benefiting variable rate mortgage holders. 💡 Stay Informed: Today’s announcement is positive, but the BoC remains vigilant on inflation. The next rate update is on July 24, 2024. 📞 Questions about your mortgage? Contact us today! 👇 Like, comment, share, and follow us for more updates! Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouver #vancouverhomes #vancouverhousehunting #vancouverrealestate #vancouverbusiness #interestrates #fixedratemortgage #mortgage #mortgagebroker #mortgagehelp #mortgagerates #mortgages #mortgagelender #mortgagespecialist #mortgagesolutions #mortgagestrategies #mortgagestrategy #northvancouver
What Today's Inflation Numbers Mean | March 2024
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What Today's Inflation Numbers Mean | March 2024

We’re headed in the right direction. Let’s hope for more positive news tomorrow. February's inflation numbers came in lower than expected this morning at 2.8%. Economies had expected an uptick after a dip in inflation in January at 2.9%. Core inflation is also down which is what the Bank of Canada monitors closely. Shelter costs are still the biggest driver of inflation and if those were removed then we'd be close to the Bank of Canada's target of 2%. We’re unlikely to see a Bank of Canada rate cut in April but things are certainly trending in the right direction. Remember the Bank of Canada's rate decision directly impacts variable rate mortgages and lines of credit. We've seen a slight dip in bond deals this morning in response to the good inflation data but not big enough to warrant a decrease in fixed rates. Remember that the bond market directly impacts fixed-rate mortgages. The US Fed has their interest rate announcement tomorrow that will have a direct impact on the Canadian bond market because the US is Canada's biggest export partner and what happens in the States has ripple effects into Canada. Stay tuned for more updates and if you have any questions feel free to reach out we're always happy to help. Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouver #vancouverhomes #vancouverhousehunting #vancouverrealestate #vancouverbusiness #interestrates #fixedratemortgage #mortgage #mortgagebroker #mortgagehelp #mortgagerates #mortgages #mortgagelender #mortgagespecialist #mortgagesolutions #mortgagestrategies #mortgagestrategy #northvancouver
When Will Rates Come Down?
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When Will Rates Come Down?

As we all know, the bank of Canada, maintained their overnight rate last week. Economists and the market are predicting that hopefully by the summer we’ll start to see a decrease in the prime interest rate. What’s interesting though is that since the beginning of the year, we’ve seen fixed rates, continuously decreasing. Right now we’re seeing fixed rates range from the high fours to low fives. This is great for two reasons: one, a lower rate improves your monthly cash flow and 2, with the lower interest rate, you have a lower stress test rate. This means you can qualify for a higher purchase price and mortgage amount. It’s interesting to note that fixed rates are funded off the bond market and the bond market has been relatively stable the last few months. this means that the discounts we’re seeing on fixed rate mortgages are coming directly from lenders. Lenders are open and they and they are hungry for business. No mortgage is created equal, so if you’re not sure whether to go fixed or variable, book a call and we can explore your options. Book a call at www.chatwithjax.com Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouver #vancouverhomes #vancouverhousehunting #vancouverrealestate #vancouverbusiness #interestrates #fixedratemortgage #mortgage #mortgagebroker #mortgagehelp #mortgagerates #mortgages #mortgagelender #mortgagespecialist #mortgagesolutions #mortgagestrategies #mortgagestrategy #northvancouver
January 2024 | Bank of Canada Rate Announcement
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January 2024 | Bank of Canada Rate Announcement

It’s no surprise that the BoC held their overnight rate at 5% today for the 4th consecutive time. They did, however, suggest that monetary easing will begin by the middle of this year. The Bank is forecasting inflation falling to 2.5% by the end of this year. While some economists are predicting a recession, the Bank is suggesting a soft landing for the economy. The Bank expects inflation to remain close to 3% during the first half of this year before gradually easing, returning to the 2% target in 2025. The BoC wants to see further and sustained easing in core inflation. The good news: Past interest rate hikes have resulted in lowering economic activity, balancing supply and demand and have lowered inflation. The collateral damage is that the BOC’s rate-tightening cycle has weighed heavily on homeowner budgets across Canada. People are left waiting it out over the next few months to see if rates start dropping by mid-2024. The silver lining though is that if you are renewing a mortgage in 2024, there are some excellent options currently available to you. If your mortgage is renewing anytime between now and June, please reach out, it’s never too early to start exploring your options. Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #bankofcanada #interestrates #mortgagehelp #mortgagerates #mortgage #mortgagebroker #mortgages #mortgagelender #mortgagetips #mortgageinterestrates #homebuying #homebuying101 #homebuyingeducation #homebuyingtips #homebuyingtip #homebuyingexperience #homebuyingadvice #homeownership #homeownershipgoals #vancouverhomes #vancouverhousehunting #vancouver #vancouverrealestate
Is Now A Good Time To Buy?
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Is Now A Good Time To Buy?

🔮 Hey, if you’re one of those dumb dumbs who’s always trying to time the real estate market, then I can tell you right now, we’re not gonna be a good fit working with each other. ❎ I’m never gonna convince you that now is the right time to buy. And quite frankly, I don’t want to have to convince you. 🤫I’m gonna let you in on a little secret. Nobody has ever timed the market right. No experts, no economists, no real estate gurus. 🥇The ones who got in the market are the ones who’ve always won. ⏳ I’m a firm believer that time in the market is always better than timing the market. 🤷‍♀️ Now, if you’re not in the market because you’re not sure if you can afford it or you’re not sure about your down payment options, then you’re my kinda people. Dont’ worry, I got you, boo! The first two questions I always ask my clients are: ❓What kind of purchase price are you hoping for? ❓What do you think your budget is that you’re comfortable spending each month? From there, I do two things: 1️⃣ I show you the different down payment options available to you as well and, 2️⃣ I walk you through a customized budget proposal plan. From there, we see whether or not the numbers jibe with your lifestyle. ✅ When you’ve done your home and you’re truly ready to buy, everything else will fall into place, regardless of where the market is at. 🏡 Ready to see where you’re at? Book a call so we can jumpstart your home ownership journey. Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca #vancouverhomes #vancouverrealestate #vancouverhouse #vancouverhousehunting #homebuying #homebuyingtips #homebuying101 #homebuyingeducation #mortgagehelp #mortgagerates #mortgage #mortgagebroker #mortgagespecialist #mortgagelender #mortgagetips
Bank of Canada Raises Policy Rate 25 Basis Points and Continues Quantitative Tightening
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Bank of Canada Raises Policy Rate 25 Basis Points and Continues Quantitative Tightening

The Bank of Canada today increased its target for the overnight rate by 0.25% to 4.75%. How does this increase affect mortgage holders and consumers? The mortgage cost on variable rate mortgages will increase whilst the mortgage cost for fixed rate mortgages holders will be unaffected. This is a good time to reach out to us if you have a maturing mortgage coming up for renewal in the next 120 days so that we can secure rate-holds and make use of any rate-windows that may offer attractive rate options. CPI inflation ticked up in April to 4.4%, the first increase in 10 months with prices for a broad range of goods and services coming in higher than expected. Concerns have increased that CPI inflation could get stuck materially above the 2% target with three-month measures of core inflation running in the 3½-4% range for several months and excess demand persisting. Nonetheless, the Bank continues to expect CPI inflation to ease to around 3% in the summer, as lower energy prices feed through and last year’s large price gains fall out of the yearly data. Canada’s economy was stronger than expected in the first quarter of 2023, with GDP growth of 3.10%. Demand for services continued to rebound. In addition, spending on interest-sensitive goods increased and, more recently, housing market activity has picked up. Overall, excess demand in the economy looks to be more persistent than anticipated and the BoC’s policy rate increase of 0.25% plus continued tightening is squarely aimed to bring supply and demand back into balance and return inflation sustainably to the 2% target. The BoC will remain focussed on evaluating whether the evolution of excess demand, inflation expectations, wage growth and corporate pricing behaviour are consistent with achieving their inflation target as the BoC remains resolute in its commitment to restoring price stability for Canadians. The next scheduled date for announcing the overnight rate target is July 12, 2023. Subscribe to our Newsletter & Get The Latest Mortgage News 🔗 www.totalmortgage.ca⁠⁠ Keith Baker & Jackie Zerbe⁠ 604.723.5363 | 604.724.6982⁠ For more information, visit us online at www.totalmortgage.ca Google: https://g.page/r/CcDu_VVeb0gfEBA Facebook: https://www.facebook.com/totalmortgageca Instagram: https://www.instagram.com/totalmortgage.ca/ Tik Tok: https://www.tiktok.com/@totalmortgage.ca
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