Simon Wong Mortgage Professional
1200 W 73rd Ave V6P 6G5 Vancouver, BC, Canada

Money markets are betting Bank of Canada might make 'micro rate cut' next week. Just the fact that it was mentioned earlier means policy makers are thinking about it. #financeandeconomy #interestrates #monetarypolicy #markets #economy #economicrecovery #finance #bankofcanada #mortgagerates #realestate #housingaffordability #covid19relief

Amid an unpredictable pandemic, forecasts for the 2021 housing market are pretty much all over the map. #houseprices #realestate #housing #housingaffordability #forecasts #economicoutlook #financeandeconomy #mortgages #interestrates #mortgage #canadianeconomy #canadianmortgages #canadianrealestate

Bank of Canada keeps rate steady at 0.25%, maintains pledge of it staying low until 2023. This decision impacts rates that consumers get on things like mortgages. #interestrates #economy #financeandeconomy #monetarypolicy #mortgage #mortgagerates #economicoutlook #publicfinance #economicrecovery #covid19recovery #bankofcanada #housingaffordability #realestate

Banks reporting fourth-quarter earnings this week, and it could tell us a lot about the state of the economy. #economy #financeandeconomy #bankingindustry #interestrates #mortgage #mortgages #mortgagerates #markets #economicoutlook #covid19canada #recoveryplan

Mortgage rates may rise as Bank of Canada ends emergency pandemic program. Lenders had it good, but the central bank stops buying Canada Mortgage Bonds on Oct. 26. #interestrates #mortgage #mortgages #realestate #mortgagerates #economicoutlook #loans #economicrecovery #financeandeconomy #monetarypolicy #covid19recovery #covid19canada #covid19relief #bankofcanada

Here's how Trump and Biden differ on U.S.-Canada trade tensions. Canada has plenty at stake in this uncertain moment for American trade policy. #economicoutlook #tradewar #financeandeconomy #globalization #tariffs #trade #economicrecovery #canadabusiness #election #globaltrade #economy

Canadian mortgage rates are the lowest in history. Can they go any lower? Not by much, but yes, several analysts say. #interestrates #mortgage #mortgages #finance #monetarypolicy #mortgagerates #financeandeconomy #economicoutlook #housingaffordability #realestate #bankofcanada #covid19canada

Feds promise COVID-19 aid to continue, national child care in throne speech #covid19recovery #covid19businesssupport #covid19relief #canadabusiness #economicrecovery #economicoutlook #vaccination #childcare #wagesubsidy

Bank of Canada holds rate, warning of 'slow and choppy' recovery ahead. Pace to decline after economy bounced back faster than expected in third quarter. #economy #interestrates #financeandeconomy #monetarypolicy #markets #gdp #finance #canada #mortgagerates #mortgages #housingaffordability #covid19canada #covid19recovery

Mortgage experts say the Bank of Canada will reduce the benchmark qualifying ratea.k.a., stress test ratefrom 4.94% to 4.79% this week. #bankofcanada #stresstest #qualifying #mortgagerates #mortgages #interestrates #mortgageadvice #housingaffordability #realestatefinance #housingmarket #mortgagebroker

Greater Vancouver Sees Biggest Single-Month Surge of Inventory In Half A Decade #realestate #realestatefinance #realestateinvestment #housingmarket #housingtrends #housingaffordability #houseprices #housinginventory #condos #mortgage #mortgageadvice #mortgagebroker #newlistings

Canadian home sales surged 57% in May but they're still the weakest since 1996 The big picture is things are moving in the right direction but still have a long way to go #realestate #realestatefinancing #financeandeconomy #housingmarket #homebuyers #economicimpact #covid19impact #economy #coronavirusimpact #homesales

CMHC tightens lending standards to protect housing market during COVID-19 #mortgage #housingmarket #mortgagelending #realestatefinancing #realestate #mortgageinsurance #homebuyers #underwriting #mortgages #insurance #homeownership #covid19impact #coronavirusimpact #economicimpact

Bank of Canada policy makers 'hopeful' economy can avoid worst-case outcome New deputy governor, Toni Gravelle, says the financial market functioning is normalizing amid signs income support programs are working #economy #financeandeconomy #monetarypolicy #economicimpact #consumerspending #interestrates #covid19impact #coronavirusimpact #economictrends #consumerconfidence #economics #reopening #mortgage #mortgagelending #realestatefinancing #housingmarket

Could this be the end of the 5% down payment mortgages? Canada’s federal housing agency is considering scaling back mortgage underwriting practices to limit excessive borrowing due to the threat of significant declines in real estate prices and rising debt levels. #mortgage #downpayment #housingassociation #mortgagelending #realestatefinancing #housingmarket #underwriting #default #insurance #economicimpact #covid19impact #coronavirusimpact

From haircuts to dinner parties: B.C. unveils plan for easing COVID-19 restrictions #covid19 #workfromhome #inthistogether #restrictions #reopening #consumerspending #travelrestrictions #covid19impact #easing #consumerconfidence #economictrends #serviceindustry #healthcareheroes

Canadian banks expected to tighten home equity line of credit access as aid measures wind down. Banks may clamp down on HELOCs to reduce the risk of spikes in sour loans, which the banks are already bracing for. #homeequity #mortgage #creditandlending #bankingindustry #homeloans #mortgagelending #riskmanagement #financeandeconomy #financialaid #covid19 #covid19impact

Where each province and territory stands with reopening #reopening #smallbusinesses #businessowners #covid19 #coronavirus #restrictions #travelrestrictions #covid19impact #consumers #consumerspending #smallbusinessmatters #smallbusinesssupport