Bank of Canada Holds Policy Rate At 4.5% (mailchi.mp)

Bank of Canada to hold rates steady at 4.50% through this year | Reuters

For Immediate Release   Entrust Mortgage Broker, Steven Brouwer, Ranked 3rd Best in Canada for 2022 on Rate-My-Agent.com Chilliwack, BC – Steven Brouwer of Entrust Mortgage has been ranked the 3rd  Mortgage Broker in Canada for 2022 by Rate-My-Agent.com. The review site analyzes all the ratings and reviews on the site to compile a list […]

Canadian Inflation Slows in January Assuring a Rate Pause At March 8 BoC Meeting (mailchi.mp)

Mortgages and Corporations. If you are a self-employed client who owns your own business, you may have chosen to set that business up as a corporation. This means the business operates as essentially its own person. They have income through business revenue and expenses from marketing costs, materials, office space, etc. When it comes to […]

Why Are Mortgage Rates Rising?   Over the past month, the Bank of Canada has lowered its overnight rate by a whopping 1.5 percentage points to a mere 0.25%. Many people expected mortgage rates to fall equivalently. The banks have reduced prime rates by the full 150 basis points (bps). But, since the second Bank […]

A word of caution before you defer your mortgage payments amid the COVID-19 pandemic: it will cost you in the long run. Remember, a deferral isn’t mortgage payment forgiveness. There seemed to be a collective sigh of relief when Finance Minister Bill Morneau, after consultation with the big banks, highlighted potential mortgage payment and credit card deferrals would […]

Committing to a mortgage for five long years exposes people to the most insidious aspect of residential financing: prepayment charges. And when it comes to such charges – the penalties you pay come when you back out of your mortgage early – some lenders take a greater toll on your bank balance than others. Big […]

Credit Reports: You’ve Scored! But Are You Playing the Game? For most people, your personal credit score and how a credit score is calculated are complete mysteries. How can you be expected to play and be successful if you aren’t even told the rules of the game? There are things borrowers can do to improve […]