Lewis Mortgage

Attention all mortgage seekers and renewals in Nova Scotia! The Bank of Canada has recently increased the prime rate, which will affect your mortgage payments. As a mortgage broker, I urge you to stay informed and make smart financial decisions when purchasing or renewing your mortgage. Don't hesitate to reach out to me for advice on securing the best rates and options for your unique situation. Let's work together to make your dream of homeownership a reality! 🏡💰

The Bank of Canada's benchmark interest rate just increased another 0.50%

https://www.theglobeandmail.com/business/economy/article-bank-of-canada-interest-rate-hike-announcement-december/

Bank of Canada delivers half-point rate hike, signals end of aggressive campaign may be near The move puts the central bank’s key policy rate at 4.25 per cent, the first time it has topped 4 per cent since 2008

Tomorrow the Bank of Canada will issue its final interest rate announcement for 2022. Predictions are an increase from .25% to 0.5% increase in the overnight rate.

ANALYSIS | The Bank of Canada sets rates as if knows the future even though it doesn't | CBC News Just as in the past, when Tiff Macklem and Carolyn Rogers make their rate decisions there is one thing for sure. It will be too much, too little or just right. And as in the past it may be very, very wrong.

Some positive changes will happen to the NS Down Payment Assistance Program (NSDAP) as they redefine what makes someone a first-time home buyer. Want to know if this applies to you?

Steven Lewis
902.266.4643
[email protected]

Curious about trends in rental prices?
Year over year increases in average listed rent is highest in Atlantic Canada

Nova Scotia
1 bedroom up 18%
2 bedrooms up 21%
3 Bedrooms up 33%

https://www.bnnbloomberg.ca/average-monthly-rent-prices-surged-12-in-october-report-1.1849453

https://rentals.ca/national-rent-report -rental-rates

Good news for buyers; purchasing a home has become a little more affordable. How much family income would you need to purchase the average home in Halifax? See the article for details.

Analysis: The income you need to buy a house in these major Canadian cities A homebuyer would need less income now to qualify for an average-priced home in a major Canadian city when compared to how much it was costing in the summer, according to new data from mortgage brokerage Ratehub.ca.

https://www.instagram.com/reel/CONaojunlrb/?igshid=w9h3y4q22ju4

friendlybanker on Instagram: Happy Wednesday. Here’s hoping your morning commute was as smooth as mine. friendlybanker • Original Audio

As some of you may know, after many years in banking, I decided to start on a new journey as part of the premiere mortgage team. I’m exited to be working independently and for the opportunity to help as many people as possible on their own journey.

If you or someone you know is looking to purchase, renew or refinance a home or small business property keep me in mind for a chat about how I can help; I think you’ll find it beneficial.

Looking forward to working with you and thank you for liking and sharing.

Steven Lewis
Your friendly banker

Phone: 902.266.4643
Email: [email protected]

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