Michael Rosa - Courtier Immobilier/Residential Real Estate Broker w/Sutton

06/07/2024

The Bank of Canada has lowered its benchmark interest rate by 25 bps to 4.75%. This is the Bank’s first rate cut since March 2020.

Read the full statement here: https://bit.ly/3x4J2tW

The next BoC announcement is July 24.

La Banque du Canada a abaissé son taux directeur de 25 points de base pour le ramener à 4,75 %. Il s'agit de la première réduction de taux de la Banque depuis mars 2020

La prochaine annonce de taux est prévue pour le mercredi 24 juillet. https://bit.ly/3x1XyTk

La Banque du Canada a annoncé aujourd’hui qu’elle abaisse le taux cible du financement à un jour pour le faire passer à 4¾ %. Le taux officiel d’escompte s’établit à 5 %, et le taux de rémunération des dépôts, à 4¾ %. De même, la Banque poursuit sa politique de normalisation du ...

03/20/2023

01/19/2023

Bang on!

01/08/2023

Sing along everybody!

12/19/2022

For all inquiries…

514-264-6141
[email protected]

12/19/2022

https://www.mortgagemtl.ca/montreal-home-purchase-assistance-program/

Montreal announced an enhancement to their home purchase assistance program to help first time homebuyers. Learn more!

07/30/2022

Housing affordability is becoming a bigger obstacle in the housing market. Homes were 80% more expensive in June than they were in 2019. Read more.

07/04/2022

Markets are currently pricing in further interest rate hikes for all further announcements over the course of 2022, with rates expected to hit 3% by the end of the year.

Canada’s major chartered banks are currently advertising five-year fixed mortgage special interest rates of around 4.07%. Home buyers can often negotiate the interest rate for mortgage financing based on their creditworthiness and the degree to which they do other banking business with the mortgage lender.

With interest rates expected to go up, it’s better to negotiate your mortgage rates sooner than later… Or perhaps purchase your property sooner than later. Also factor in that higher interest rates=Lower selling price leverage, so you may want to put the wheels on listing sooner than later to maximize profits.

Real Estate investing has a lot to do with timing, knowing this can have you time the “market” profitably…

Advice from Mike! Call if you’d like advice with your current objectives.

514-264-6141