Bank of Canada Interest Rate Announcement -July 12, 2023
Posted on Jul 12, 2023 in Mortgage News
The Bank of Canada raised its overnight rate by 25 basis points to 5 per cent this morning. In the statement accompanying the decision, the Bank noted that the Canadian economy has been stronger than expected but is expected slow as higher interest rate work their way through the economy. On inflation, the Bank cited the recent easing of inflation...Will the May Inflation Decline Thwart Another Rate Hike in July?
Posted on Jun 29, 2023 in Mortgage News
The May inflation data, released this morning by Statistics Canada, bore no surprises. The year-over-year (y/y) inflation measured by the Consumer Price Index (CPI) at 3.4% was just as expected--down a full percentage point from the April reading. This is the smallest increase since June 2021. Economists hit this one on the head because we knew dro...First Quarter Canadian GDP Was Stronger Than Expected Pushing the BoC Closer To Rate Hikes
Posted on Jun 01, 2023 in Mortgage News
Good News Is Bad News For The Bank Of Canada
The Canadian economy continues to show marked resilience to high-interest rates. Statistics Canada released data this morning showing real GDP rose at an above-consensus 3.1% annual rate in the first quarter of this year. The estimate for April growth was also firm, a harbinger of continued strength in Q2...Quick way to Pay off your Mortgage
Posted on May 03, 2023 in Mortgage News
How to Pay Off Your Mortgage Faster
When it comes to homeownership, many of us dream of the day we will be mortgage-free.
While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...
While most mortgages operate on a 25-year amortization schedule, there are some ways you can pay off your mortgage quicker!
1. Review Your Payment Schedule: Taking a look at your payment schedule can be an easy way to start paying...
Benefits on Working with Realtors in Vancouver
Posted on Mar 23, 2023 in Mortgage News
The Benefits of Working with Adam Chahl and the PLACE Real Estate Team in Vancouver
If you're in the market to buy or sell a home in Vancouver, working with a reputable real estate agent can make all the difference. And there's no better agent to work with than Adam Chahl and the PLACE Real Estate Team at Oakwyn Realty. Here are some benefits of wor...
The Ins and Outs of Vancouver's Real Estate Market
Posted on Mar 22, 2023 in Mortgage News
Why Vancouver MLS Listings is a Great Resource for Home Buyers
When you're in the market for a new home in Vancouver, one of the best resources you can use is the Vancouver MLS listings. The MLS, or Multiple Listing Service, is a database of properties for sale in the Vancouver area, and it's used by real estate agents and brokers to find and sell h...
