Unionville Branch by Atlantic HS Financial Corporation
8392 Kennedy Rd, Unit A16 L3R0W4 Markham, ON, Canada

Happy Chinese New Year Eve!!

Happy New Year!

Happy Chinese New Year

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Home Trust A rate as low as 1.64%!

B2B bank rate update.

Wow.. fixed rate as low as 1.64%

Happy Holidays to Everyone

Unionville Mortgage Group Top Producer Award Winners of 2020. Congratulations to Platinum award winner Clara Du, Gold award Felix Chieh and Silver award Tony Lai!!

HSBC says it will offer rates below one per cent for some mortgages, which rate comparison website RateSpy.com says is a record low for Canada. The bank is advertising a 0.99 per cent rate on its website for new five-year variable closed term mortgages, with the annual percentage rate, or APR, based on a $200,000 mortgage. The deal applies to high-ratio residential mortgages, which means the homebuyer has a down payment of less than 20 per cent of the purchase price. Rates.ca... and RateSpy editor Robert McLister says that’s an important point, because the low down payment means the homebuyer will also have to pay for default insurance. The rate is also variable based on changes in HSBC’s prime rate, which now sits at 1.46 per cent, so the rate could rise over the next few years as the economy mends and the Bank of Canada raises the borrowing rate. Mortgage rates are currently low, after the Bank of Canada dropped its overnight rate amid the COVID-19 economic downturn. HSBC1RateSpy.comHSBC0.99$20 20 Rates.caRateSpyRobert McLister 1.46COVID-19

B2B Bank online presentation. Thank you BMD John Kerr.

Happy Halloween Everyone

Lest We forget. Thankful for the freedoms that we get to enjoy today and always.

Kevin CarmichaelCOVID-1920222023 2023COVID-19 Trevin Stratton 7712,000356,000... 0.25 5.720214.2 Bank of Canada outlook signals the legacy of COVID-19 crisis will linger for years Kevin Carmichael: Economy not expected to recover from the pandemic until 2022, rates on hold until 2023 The Bank of Canada is setting up to run a high-pressure economy until at least 2023, a delicate operation that will require lots of tinkering along the way. Policy-makersreiterated their commitment to ultra-low interest rates for an unusually long period this week, but added some tweaks as the central bank’s staff produceda glum outlook that suggests we will be coping with the legacy of the COVID-19 crisis for years. With the second wave in full effect, our economic recovery will take much longer than initially anticipated, Trevin Stratton, chief economist at the Canadian Chamber of Commerce, said after digesting the latest from the Bank of Canada, along with a new report from Statistics Canada thatshowed there were about 712,000 active businesses in Canada in July, an improvement from the previous month, but almost 56,000 fewer than in March. The central bank’s new economic outlook predicts the economy will contract 5.7 per cent this year and then grow 4.2 per cent in 2021. As the economy recuperates, it will continue to require extraordinary monetary policy support, the Bank of Canada said in a new policy statement. Previously, the central bank said it would keep the key interest rate pinned near zero until the two-per-cent-inflation target was sustainably achieved. The new statement explicitly states that the current forecast suggests policy-makers won’t achieve their inflation goals until into 2023, giving the public something it can put in a calendar

Bank of Canada signals low rate until 2023.

Rate as low as 1.69%!!