Victorias Best Mortgage
208-1830 Oak Bay Ave V8R 6R2 Victoria, BC, Canada

Bank of Canada holds rates: Overnight rate at 0.25 per cent, Bank Rate is correspondingly 0.5 per cent and the deposit rate is 0.25 per cent.

Ottawa eyes low-interest lines of credit for households battered by coronavirus

The Bank of Canada Cuts Again and Policy Makers Get Creative Monday Morning Interest Rate Update for March 30, 2020 | David Larock

The Government of Canada is making additional investments to support Canadian businesses from the economic impacts of COVID-19. These new investments provide support to financial institutions and allow them to quickly provide credit and liquidity options for a range of businesses.

Province takes unprecedented steps to support COVID-19 response. List of Essential Services.

LENDER CONTACTS RE: COVID-19 CMLS 1-888-995-2657 opt 4 [email protected]... https://www.cmls.ca//learni/for-those-impacted-by-covid-19 First National 1-866-557-5509 [email protected] https://www.firstnational.ca/residential/covid-19 MCAP 1-800-265-2624 [email protected] https://www.mcap.com/covid-19 RFA/Street Capital 1-877-416-7873 https://www.rfa.ca/CustomerService RMG 1-866-809-5800 [email protected] https://www.rmgmortgages.ca/covid-19 Scotia 1-800-472-6842 https://www.scotiabank.com//relief-an/coronavirus-covid-19 TD 1-888-720-0075 https://www.td.com/ca/en/personal-bank

BC Government Press Release re: Covid-19 Landlord & Tenant Support Program

Emergency Funds for COVID-19: 1. GST credit - $400 single adults - $600 for couples 2. Child Tax benefit Top up - $300 per child added on top of... what you receive already. 3. Student loan payments deferred -6 month timeframe -no payments -no interest accrual 4. Indigenous community based support fund 5. $200 million provided for community resources -Shelters/homeless needs -Sexual assault/transition homes 6. 10% wage subsidy for small-medium sized businesses for employees. -$25,000 per employer 7. Ensured Mortgage Protection Program -50 billion provided -payment deferrals -special payment arrangements 8. Bank Supports -auto loans - deferral of payments possible -contact bank directly -speak to your institutions 9. Personal Income Tax -payment before September. 1st/2020 - extended deadline for income tax payments owed -Filing deadline for Income Tax - June.1st/2020 10. Emergency support fund - $5 Billion -more info to come *Supply chains from groceries will maintain fair prices for Canadians

The Government of Canada is taking immediate, significant and decisive action to help Canadians facing hardship as a result of the COVID-19 outbreak. On March 18, 2020, the Prime Minister announced a new set of economic measures to help stabilize the economy during this challenging period. These measures, delivered as part of the Government of Canada’s COVID-19 Economic Response Plan, will provide up to $27 billion in direct support to Canadian workers and businesses.