Mortgage Tips Trish Pigott 7 May
For Existing Homeowners and Future Homeowners What Is a Credit Score? Your credit score is like a “financial report card.” It helps banks and lenders decide: * If they will lend you money * What interest rate you qualify for * How much you can borrow In Canada, credit scores usually range from: **300–559** = […]
Read MoreLatest News Trish Pigott 29 Apr
Bank of Canada Holds Policy Rate Steady ~ From the desk of Dr. Sherry Cooper, Economist Dominion Lending Centres Today, the Bank of Canada once again held the policy rate steady at 2.25%. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. With […]
Read MoreMortgage Tips Trish Pigott 4 Feb
Mortgage rates are not created equal and either are buyers and homeowners. There’s a lot that goes into the difference between mortgage rates and what you are eligible for. Banks and rate sites offer the rock bottom rates like loss leaders to just get you to contact them. Once they determine your situation they will […]
Read MoreLatest News Trish Pigott 28 Jan
This morning the Bank of Canada announced no change to the overnight target rate which means no change for our Variable Rate Mortgage holders. I have outlined Dr. Sherry Coopers update below for more detailed insight on our current economic situation. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Bank of Canada Holds Policy Rate Steady Today, the Bank of Canada once […]
Read MoreLatest News Trish Pigott 10 Dec
This morning the Bank of Canada made its final announcement of the year and as expected, the Overnight Target Rate which affects the Prime Rate will remain unchanged. What this means to you as a Home Buyer or Home Owner…if you have a Variable Rate for your mortgage or line of credit, your payment and […]
Read MoreLatest News Trish Pigott 29 Oct
Bank of Canada Lowers Policy Rate to 2.25% Today, the Bank of Canada lowered the overnight policy rate by 25 bps to 2.25% as was widely expected. This is the bottom of the Bank’s estimate of the neutral overnight rate, where monetary policy is neither expansionary nor contractionary. The economy will grow at about a […]
Read MoreMortgage Tips Trish Pigott 13 Jun
🏡 Here’s a practical and effective plan for Canadians to shave 10 years off the life of their mortgage — without dramatically changing your lifestyle. This plan combines strategies to reduce interest and maximize your payments strategically. 🔹 1. Start with a Mortgage Check-Up Review your amortization and interest rate. If it’s over 25 years […]
Read MoreMortgage Tips Trish Pigott 12 Jun
Here are 5 essential financial tips every graduate should know before leaving school — practical, Canadian-focused, and geared toward long-term success: 🎓 1. Credit Scores Matter More Than You Think Your credit score affects your ability to get a mortgage, rent an apartment, buy a car, or even get hired. Start by getting a student […]
Read MoreLatest News Trish Pigott 4 Jun
Todays report and insight is provided by Dr. Sherry Cooper, Chief Economist, Dominion Lending Centres. As expected, the Bank of Canada held its benchmark interest rate unchanged at 2.75% at today’s meeting, the second consecutive rate hold since the Bank cut overnight rates seven times in the past year. The governing council noted that the […]
Read MoreGeneral Trish Pigott 4 Jun
The Bank of Canada left rates unchanged as there was not enough reason to make another reduction given everything that is going on economically across the country and down south. The bank noted that the unpredictability of what’s happening with tariffs, lowered the risk to growth and a possible increase to inflation, determining that they […]
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