Georgina Shorten Mortgage Broker
305, 1822 - 10 Avenue SW T3C 0J8 Calgary, AB, Canada

It just got a little easier to qualify for a mortgage. If you are looking to purchase or wondering about refinancing to take out some equity, contact me today to get started.

Mortgage rates are rising despite interest rate cuts by Bank of Canada. Why?

Bit of a long read but good explanation of what is going on.

An unscheduled rate drop by the Bank of Canada on it's overnight rate. As this is unprecedented we will wait to see what the Banks will do with their rates. Stay tuned ...

Bank of Canada has lowered the overnight rate by 50 basis points amid the COVID-19 virus. This will affect the variable rate mortgages as well as line of credits. The major banks should follow suit today and lower the prime lending rate to 3.45%.