Melissa Sheridan
PO Box 3035 V0N 1T0 Squamish, BC, Canada

Plenty of action in the markets recently. The Bank of Canada has dropped the key interest rate by another 50 basis points (a further reduction from what we saw last week). At this time, I want to remind everyone that many mortgage lenders have a 'Skip a Payment and Hold a Payment' feature. Don't hesitate to call me if you would like to discuss your options. https://www.cbc.ca/news/business/bank-of-canada-1.5497098

As expected, the Bank of Canada raised their benchmark interest rate. This will see an increase to Prime rate. What does that mean for you and your borrowing? Likely your mortgage payments and minimum payments on lines of credit will go up. However this isn't always the case, depending on your lender. Contact me and I'll help you navigate this increase. https://www.google.ca/amp/s/www.cbc.ca/amp/1.4875958

Good news for Self Employed buyers https://www.ctvnews.ca//cmhc-aims-to-make-mortages-more-at

With the banks starting to raise their Prime rates, I thought it would be a great time to share this fantastic video created by a colleague, Dustan Woodhouse, that helps to answer the age old question, Fixed vs Variable https://vimeo.com/279581066

The Bank of Canada has increased its benchmark rate for the fourth time in the past 12 months. Banks will likely follow suit and raise their Prime rate. More to follow https://www.google.ca//bank-of-canada-expected-to-raise-in