March 2025 Rate Cut from Bank of Canada

Latest News Trish Pigott 12 Mar

Bank of Canada Cuts Policy Rate By 25 BPs The Bank of Canada (BoC) reduced the overnight rate by 25 basis points this morning, bringing the policy rate down to 2.75%, within the neutral range of 2.25%—2.75%. Tariff tremors have already led to a decline in consumer confidence and spending, a weakening labour market, and […]

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Tariffs and Your Mortgage

General Trish Pigott 6 Mar

UPDATE 3/6/25: Just as I was about to send this apparently Trump has paused the tariffs to Mexico and now Canada until April 2.  Good grief….how does anyone keep up with this…either way here are some tips below if he is back at it next month on how to handle your mortgage and potentially take […]

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What Do Potential Tariff’s Mean to Mortgages

Latest News Trish Pigott 12 Feb

Wondering how you may be impacted by potential tariffs and the threat of an economic trade war? We are definitely in an economic time that we haven’t seen before and just when we think mortgage rates and the real estate market are normalizing after the pandemic, we get the Trump tariff shake up.  In a […]

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First Bank of Canada Announcement of 2025

General Trish Pigott 12 Feb

On January 29, 2025, there was some welcoming news from the Bank of Canada (BoC) as they kicked off the first announcement of the year with a .25% rate cut.  This affects our Variable Rate mortgage holders and anyone with loans attached to the prime rate. As of tomorrow the Prime rate with most banks […]

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New Mortgage Rules in Effect Dec. 15, 2024

Latest News Trish Pigott 11 Dec

Things are getting easier for First Time Home Buyers (FTHB) to qualify and have more flexibility with payments when getting into the market.  Effective Dec. 15, 2024, FTHB can now purchase a home up to $1.5M with an insured mortgage.  This was previously capped at $1M and as home values in the Vancouver market have […]

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Jumbo Rate Cut in December

Latest News Trish Pigott 11 Dec

Good news this morning for our Variable Rate Mortgage holders and anyone with a loan attached to the Prime rate.  Today it was cut by .50% effective tomorrow which in turn will lower mortgage and loan payments.  For those with static payments, such as mortgages with TD, RBC and others, you will now be paying […]

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Energy Efficiency Rebate: A Hidden Benefit

General Trish Pigott 25 Nov

Did you know about these valuable opportunities for buyers of New Construction property with an Insured Mortgage?  Energy Efficiency Refund: A Hidden Benefit Clients securing an insured mortgage for a new build with energy-efficient certification are eligible for a 25% refund on the default insurance premium. In British Columbia: Most new builds must meet BC […]

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Jumbo Rate Cut from Bank of Canada

Latest News Trish Pigott 23 Oct

As expected, the Bank of Canada cut the overnight target rate by .50%.  The largest cut we have seen since the pandemic and well deserved for our Variable Rate Mortgage holders (including me) who have continued to ride out the past two years. Inflation and all economic data supported this rate cut. DLC’s own economist, […]

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Breaking News for Homeowners

Latest News Trish Pigott 25 Sep

Canada’s Bank Regulator Kills the Stress Test for Straight Switch Mortgages Shout out to Robert McLister Sep 25, 2024 5:49 PM ET for the details around today’s Breaking Mortgage News In a significant win for consumers, the Office of the Superintendent of Financial Institutions (OSFI) has kicked the stress test to the curb for straight […]

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Tips to Pay off Your Mortgage Faster

Mortgage Tips Trish Pigott 25 Sep

Paying off your mortgage faster in Canada can save you a significant amount in interest and help you become debt-free sooner. Here are the top 5 tips to achieve that:   1. Make Biweekly Payments   Instead of making one monthly payment, switch to biweekly payments. This results in 26 half-payments, which equals 13 full […]

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