Kelly Hudson Mortgages
Richmond V7C 4X5 Richmond, BC, Canada

The Bank of Canada (BOC) held its target for the overnight rate amid the third wave of the COVID-19 pandemic. The BOC is holding the key rate at 0.25% and raising their prediction for economic growth to 6.5% in 2021. http://ow.ly/CTmI50Eunf2

VERY interesting article by Adlaw Appraisals regarding home buyers & bidding wars. They have completed over 3,000 residential appraisals this year and approximately 5-10% of sales are being appraised BELOW the actual sale price. This may have a huge impact on the deal especially when the borrower's are already fully leveraged. Brings buyer beware to a whole new level. http://ow.ly/e7Dg50EjkRP

Vancouver Lower Mainland housing sales smashed records in March. Angus Reid poll has found 40% of Canadians hope housing prices will continue rising, while 39% hope for a fall. http://ow.ly/Jo2V50EjjWY

Fixed vs Variable Mortgage Rates... Fixed mortgage rates have been increasing since early Feb. due to increases in Canadian bond yields. Variable mortgage rates follow the Bank of Canada, which said it has no plans to raise the rate until 2023 to help Canada's economy recover. Let's have a chat to decide which is the best option for your situation. http://ow.ly/FIao50EeuaY

Mortgage payment frequency - how often do you want to my your mortgage payments. With constant demands on your cash flow, you need a way of fitting your mortgage payments into your bill paying financing. Banks allow you a variety of payment frequencies so you can choose when and how often you wish to make your mortgage payments. http://ow.ly/LsSN50EdOnW

Bank of Canada confirms commitment to low interest rates - holding the policy interest rate at 0.25%. Interest rates will remain low for the foreseeable future. The pandemic will largely determine the growth of the economy and the government’s response. http://ow.ly/3mjD50CJul9

Vancouver real estate: Downtown condo listings drop for first time in month. During the pandemic, condo sales have paled against those of detached homes, which have been faring well as buyers gravitate toward detached homes with more space and privacy, away from the city core. http://ow.ly/P7zu50CIcik

Despite the COVID-19 pandemic slowing down many parts of the economy, Canada's recreational real estate market continues to boom. http://ow.ly/vaHq50CGsk4

Bank of Canada maintains it's over night rate at 0.25% where is has been since April 1, 2020 due to COVID-19. http://ow.ly/JJ9J50CGYTW

The Canadian economy rebounded sharply in the 3rd quarter, but the momentum is quickly fading in the face of a second wave of COVID-19 from DLC Chief Economist Dr. Sherry Cooper http://ow.ly/s1El50CA0Xs

Buying a home in Canada - It’s always a good idea to speak to a mortgage broker, who can give you expert, personalized advice on your mortgage options and help guide you through the entire mortgage process. Let's set up time to have a chat [email protected] http://ow.ly/OAG150Ch7Bp

Canada's jobs recovery slowed in October with new Pandemic restrictions from DLC Chief Economist Dr. Sherry Cooper http://ow.ly/HP1750Ce3vH

As expected, the Bank of Canada held its target overnight rate at the effective lower bound of 0.25% basis points with the clear notion that negative policy rates are not in the cards. http://ow.ly/GxqN50C68Gn

Bank of Canada plans to keep interest rate near zero until 2023. The Bank of Canada says it has no plans to change its benchmark interest rate until inflation gets back to 2% and stays there, something it says isn't likely to happen until 2023. http://ow.ly/EncJ50C5sgQ

When you get a mortgage, no one thinks about breaking a mortgage and the penalties. Being educated about all aspects of a mortgage, can make a huge difference to your bottom line. http://ow.ly/625350BRzg8

The Vancouver real estate industry reported another month of higher sales and prices in September and continues to defy dire predictions of a pandemic-induced downturn. The condo market has pre-existing challenges before the pandemic due to strata insurance (issues). https://vancouversun.com//prices-are-going-up-again-what-d