20 Aug

One Small Yes Can Change your Life! Chapter 1

General

Posted by: Jeannie Stace-Smith

One Small Yes- Finding Your “Yes” Chapter 1 I am looking to add some different content to my blog, so along with blogging mortgage related information, I am also going to start blogging book reviews:)  So the book I started reading yesterday is called One Small Yes written by Misty Lown.  Here is my take […]

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17 Aug

July Canadian Housing Market

General

Posted by: Jeannie Stace-Smith

Some positive news on the housing front!  It will be a bumpy road, however some positive signs. RECORD-SETTING CANADIAN HOUSING MARKET IN JULY Canadian Housing Market Very Strong in July Today’s release of July housing data by the Canadian Real Estate Association (CREA) showed a blockbuster July with both sales and new listings hitting their […]

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11 Aug

Difference between Stress Test and Actual Mortgage Rate

General

Posted by: Jeannie Stace-Smith

                                   Stress Test and Actual Mortgage Rates- What’s the Difference Lately I have had a number of enquires about the difference between the stress test rate and the actual mortgage rates in Canada.  So here is some information on […]

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21 Jul

Bank of Canada holds target interest rate steady!

General

Posted by: Jeannie Stace-Smith

Are you in a variable rate mortgage?  Great news!  Your rate is not changing this month and should not change in the foreseeable future!   Interest rates will remain low for a long time.  Inflation will have to hit a target of 2% and be sustained for a period of time before we see the […]

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22 Jun

No negative interest rates in Canada!!!!

General

Posted by: Jeannie Stace-Smith

Confirmation that we will not be heading towards a negative interest rate environment here in Canada! GOVERNOR MACKLEM AFFIRMS NO NEGATIVE INTEREST RATES FIRST FORMAL REMARKS BY TIFF MACKLEM, BANK OF CANADA GOVERNOR There were no surprises this morning from Governor Macklem’s virtual presentation to the Canadian Clubs of Canada. His opening written statement was quite […]

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19 Jun

Dr. Sherry Coopers take on the Economy!

General

Posted by: Jeannie Stace-Smith

Below is Dr. Sherry Coopers opening Statement to the finance committee! SHERRY COOPER OPENING STATEMENT TO PARLIAMENT’S FINANCE COMMITTEE Opening Statement Before the House of Commons Standing Committee on Finance None of us has any experience in dealing with a medical emergency that has become an economic crisis, and none of us knows how long […]

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17 Jun

Some good real estate news!

General

Posted by: Jeannie Stace-Smith

Here is some positive real estate news for a number of areas in the country!  We are still struggling a little here in Calgary,  however we are resilient and we too will bounce back!!!! CANADIAN HOME SALES AND NEW LISTINGS RECOVER ONE-THIRD OF PANDEMIC LOSS IN MAY Record Gains in Canadian Home Sales and Listings […]

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5 Jun

High Ratio mortgage rules are changing at CMHC!!

General

Posted by: Jeannie Stace-Smith

CMHC is changing the rules to make it harder to qualify with less than 20% down! CMHC MAKES IT HARDER TO QUALIFY FOR AN INSURED MORTGAGE CMHC Makes It Harder To Qualify For An Insured Mortgage Once again, the Canadian Mortgage and Housing Corporation (CMHC) is tightening the criteria to get a mortgage with less […]

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4 Jun

Rates Hold Steady in Canada!

General

Posted by: Jeannie Stace-Smith

BANK OF CANADA HOLDS RATES STEADY Bank of Canada Takes A More Positive Tone On the heels of a devastating decline in the Canadian economy, the Bank of Canada suggested today that the worst of the pandemic’s negative impact on the global economy is behind us, conceding, however, that uncertainty remains high. The Bank today maintained […]

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8 May

April job numbers in Canada!

General

Posted by: Jeannie Stace-Smith

Not surprising given the shutdown,  however this will be awesome to pull up in a year and see where we are sitting! HISTORIC JOB LOSSES IN APRIL IN CANADA AS THE ECONOMY BOTTOMS Pandemic Batters Canadian Jobs Market A Recession Like No Other The Canadian economy has been put in a medically induced coma. Never […]

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