The Mortgage Duo

Yahoo! Great news to start the day off with.

Bank of Canada has finally reduced Rates! Bank of Canada reduced the overnight rate by 0.25%, bringing it from 5% to 4.75%. Which for most lenders will bring the Prime rate from 7.20% to 6.95%Now remember, this directly impacts those with a Variable/Adjustable Rate Mortgage. This does not directly impact Fixed Rates. For Example: If you hav...

Get up to $40K to put towards a secondary suite in your owner occupied home. You will have to meet the requirements for this program which do include charging below market rent for at least 5yrs. But worth looking into.

Get up to $40K for a Secondary Suite in your home What is the Secondary Suite Incentive Program? • The Secondary Suite Incentive Program (SSIP) will help homeowners create affordable housing in their communities. The program will provide money to help homeowners create a new secondary suite on their property to be rented out for below market valu...

Great news for First Time Buyers! New changes to help First Time Buyers with the purchase of their first homeIncrease to RRSP Home Buyers Plan limit from $35,000 to $60,000Effective April 16, 2024For Canadians saving up for a downpayment on their first home, Budget 2024 will propose to increase the Home Buyers’ Plan limit from $35...

STILL no change in variable rates. Hang in there everyone!
Next rate decision is June 5th, 2024.

STILL no change in variable rates...Holding Steady! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%.What is the Bank of Canada Overnight Rate?The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada holds...

BC's First Time Buyer Incentive has been discontinued as of Mar 21, 2024

BC First Time Buyer Incentive Discontinued The deadline for new or updated submissions for the First-Time Home Buyer Incentive is midnight ET on March 21, 2024. For new and resubmitted First-Time Home Buyer Incentive applications All new applications and resubmissions for previously cancelled or declined applications must reach the Program A...

Rates remain steady once again!

No Change to Rates Today! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada Overnight Rate? The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada hol...

We have compiled a list of local contacts which include Lawyers, Home Inspectors, Home Insurance Providers, Appraisers, Financial Planners, and Contractors.
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If you know of anyone who should be on this list reach out:
250-219-3862 or [email protected]

Local Contacts | The Mortgage Duo

https://www.themortgageduo.ca/single-post/rates-remain-steady

Rates Remain Steady! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada Overnight Rate? The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada hol...

Great share from a colleague!
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Bank of Canada's rate forecast. Here is to hoping. We shall see how things shake out.

Some very welcomed news for the Holidays, Bank of Canada has held rates steady yet again!

No Rate Increase Yet Again! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada Overnight Rate? The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada hol...

Mortgage Application Apply Now!

Bank of Canada decides to hold rates once again. No increase today! Yahoo!

No Rate Increase Today! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada Overnight Rate? The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada hol...

Both BC & AB have a property tax deferral program for both individuals over 55 and families with children.
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The deferred taxes will be set up as debt registered against title to your home and accrues in interest.

Defer your Property Taxes Both BC & AB have a property tax deferral program for both individuals over 55 and families with children. The deferred taxes will be set up as debt registered against title to your home and accrues in interest. Below are more details on the BC Program only. To access more information on the AB prog...

Great News!
Today the Bank of Canada chose NOT to increase rates.
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There is a good chance we have not reached the Peak, future rate hikes are still a real possability. But we will take todays win!

Bank of Canada chose NOT to increase rates today! Bank of Canada keeps the overnight rate at 5%. Which for most lenders Prime rate will remain at 7.20%. What is the Bank of Canada Overnight Rate? The overnight rate is generally the interest rate that large banks use to borrow and lend from one another in the overnight market. The Bank of Canada hol...

We are your Local Mortgage Brokers
Servicing Northern BC & AB
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We have access to a wide variety of lenders including banks, monoline lenders, and private lenders. Our job is to match you with the mortgage that is right for you. This is what we do best!
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We work for you, not any one bank, so we can give you unbiased advice that will be in your best interest. Along with guiding, educating, and assisting you through the entire process.
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And...Our services are FREE!

www.themortgageduo.ca