Nick Holloway
2725 Queensview Drive, Suite 500 K2B 0A1 Ottawa, ON, Canada
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Locality: Ottawa, Ontario
Phone: +1 613-797-4870
Address: 2725 Queensview Drive, Suite 500 K2B 0A1 Ottawa, ON, Canada
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The Bank of Canada announced today they are maintaining the overnight rate at the lower bound of 0.25%. Further details below: https://www.bankofcanada.ca//01/fad-press-release-2021-01/
Are you looking to find out the impact of car loans and lease payments on mortgage qualification? Check out my latest blog to assist with optimizing your mortgage qualification numbers! https://www.mortgageweb.ca/en-US/NickHolloway/Blog/4362
Monetary Policy Report released today by the Bank of Canada. The Bank of Canada announces they will maintain the target for overnight rate at the current level of 0.25%. The Banks forward guidance indicates their key policy rates to remain unchanged until inflation objectives are sustainably achieved and economic slack is absorbed. Based on the Banks current projections, they expect this to not happen until into 2023. The Bank announced it is continuing with its Quantitative... Easing (QE) program, however is reducing asset purchases from $5bn to at least $4bn per week, with a shift towards purchases of longer-term bonds which has a more direct influence on reducing borrowing cost for households and businesses. The bank expects these changes in their QE program to provide at least as much monetary stimulus as before. Next interest rate announcement is scheduled December 9 2020. Full announcement can be accessed below: https://www.bankofcanada.ca//10/fad-press-release-2020-10/
Are you looking to buy your first home? Please join us on Wednesday September 23rd at 1pm for a free webinar. Our panel of experts are here to help:... Steps to pre-qualify for a mortgage How to prepare for a home purchase Best ways to protect you and your family Spaces are limited and please sign up via the below link! https://us02web.zoom.us//register/WN_qn1hpVXCSi2ZkVpsfBfXOQ
Bank of Canada maintain its target for the overnight rate at its effective lower bound of 0.25% accompanied with the release of the latest Monetary Policy Report. The Governing Council is continuing with their QE program with large scale asset purchases of at least $5bn per week to provide additional monetary stimulus. CPI inflation is currently close to zero and the Bank is expected to hold the policy overnight rate at its lower bound - until economic slack is absorbed s...o the 2% inflation target is sustainably achieved. Full announcement below: https://www.bankofcanada.ca//fad-press-release-2020-07-15.
Following on from last weeks announcement from CMHC regarding changes to their underwriting policies for insured mortgages. Canada’s second largest mortgage default insurer - Genworth MI Canada Inc. - confirms it does not plan to change its underwriting policy. Details below http://investor.genworthmicanada.ca//Genworth/default.aspx
Canadian Mortgage and Housing Corporation (CMHC) have announced changes to their underwriting criteria for insured mortgages effective July 1 2020. These changes will affect the amount which some borrowers are able to qualify for a mortgage. For a complete analysis of these changes and the buying process as a whole, please join myself and Nancy Allen for our free online seminar! Sign up details are below.
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