Paul Gazzola Guelph Mortgage Architects
3 Speedvale Ave E N1H 1J2 Guelph, ON, Canada

Today's central bank announcement At 10 am eastern, the Bank of Canada made what was scheduled to be its 10th and final interest rate decision of 2020, one of the most active years in recent monetary history. After dropping its overnight rate three times in March, the Bank has held the line on rates since then, including today, but continues its massive quantitative easing program to support market liquidity.... As a result of the Bank’s moves, borrowing costs for your clients will remain very favourable as 2021 gets underway. The Bank also updated its observations on the state of and outlook for the Canadian economy. We capture the highlights of the Bank’s observations here. https://www.bankofcanada.ca//12/fad-press-release-2020-12/

Attached is a free, online interactive tool to help you manage your finances. 6 Reason's Why You Should Plan a Budget: 1) Helps you work toward long term goals (ex. home owner-ship) 2) Helps ensure you don't spend money that you don't have 3) Happier Retirement! ... 4) Helps you prepare for an emergency 5) Helps shed a light on bad spending habits 6) Scientifically speaking, helps you get a better sleep too! See more

To our clients, we'd love and appreciate a Google Review! Your review will enter you into a contest to win 1/5 gift cards of your choice ($50-$300 in value) to help with your Holiday spending and to say THANK YOU!

Thank you Guelph for voting us the best Mortgage Professionals! We greatly appreciate your continued trust and support. Though times have been uncertain, amazing clients, friends and family are the reason we continue to do what we love with a smile! Thank you!

Please sign and share to help restore the Arc Industry program for persons with developmental disabilities!

We remember and honor those who fought for our freedom. We remember those who paid the ultimate sacrifice so that we could enjoy our lives freely. #CanadaRemembers #LestWeForget

From our family to yours,

Very interesting and incredibly strong message from Tiff Macklem, Governor of the Bank of Canada this morning: Our message to Canadians is that interest rates ...are very low, and they are going to be there for a long time. We recognize that Canadians, Canadian businesses are facing an unusual amount of uncertainty, and so we have been unusually clear about the future path for interest rates: If you’ve got a mortgage or if you are considering to make a major purchase [] you can be confident that interest rates will be low for a long time. This precise and unambiguous messaging from the Governor is good to see. An excerpt of his press conference can be found attached below (Originally posted on the BNN Bloomberg twitter account: https://bit.ly/3gZPK6P) CMHC's messaging about the dangers of increased indebtedness appear to be completely contradictory to the BoC Governor seemingly encouraging additional confidence in the cost and availability of credit. Perhaps it is time to implement the uncoupling of the bank's 5 year rate from the stress test, as was initially announced (then subsequently indefinitely postponed) for April 6. - Paul Taylor, President and CEO of Mortgage Professionals Canada Video via BNN Bloomberg Twitter --------------------------------------------------------------- Find your local mortgage broker to help you secure your mortgage today: http://findmeabroker.ca

MoneySense says Guelph is the best city in Canada to buy real estate. Deciding factors included strong economic fundamentals and low unemployment.

On #WorldTeachersDay, we want to say thank you to all of our educators, especially during these uncertain times. We appreciate your dedication to our future leaders!

WOW! Thank you so much Guelph for nominating us in 2 categories for the Reader's Choice Awards this year! Your continued trust and support is why we love what we do so much. If you have some time, please vote us your favourite and be sure to vote for other amazing people and services in our community. Best Mortgage Broker (Paul): https://www.guelphmercury.com//sub/mortgage-broker-advisor Best Mortgage Company (Guelph MA): https://www.guelphmercury.com//s/mortgage-company-services