Access My Home Equity

04/17/2023

Our most recent Blog Post is on Construction Financing and how our previous construction experience helps us find the required financing where others are not able to!

02/15/2023

While we have to wait another week for Stats Can to release their CPI / inflation data for January, we can certainly look at the previous month's key metrics that influence the interest rate decisions:

Residential Home Sales, according to the information from REBGV, were down 55% compared to January 2022.

The Bank of Canada increased its policy rates by another 0.25%, ultimately increasing the Prime Rate to 6.70% (the highest since 2001).

Even though the job market added another 150,000 jobs in January, the unemployment % remained at 5% with no change compared to the December data.

As of February 15, 2023, the bond markets are on the rise due to the strength of the job markets in Canada and the US and higher than expected US CPI of 6.40% (vs. 6.20% expected).

Let's see what the next month will bring us :)

01/26/2023

The BoC increases its policy rates by +0.25%. For the 8th time in a row. This time it sounds like it may be the last increase. Let's certainly hope so!

01/24/2023

In case you missed it, here is the most recent Blog Post explaining Reverse Mortgages and their growing popularity over the recent months!

Homeowners aged 55+ have increasingly been turning to Reverse Mortgages in the past 12 months to maintain their lifestyle, offset increasing living costs, and remain in their homes.

01/20/2023

Earlier this week, we wrote a Blog Post on our webpage regarding the rapid growth in popularity of Reverse Mortgages over the recent years. Today, Yahoo Finance posted an article regarding the same subject! Check it out below!

HomeEquity Bank says reverse mortgage originations topped $1B in 2022 for the second year in a row.

01/18/2023

Excellent news regarding the inflation rate from this morning!

December data shows the inflation rate at 6.30% compared to 6.80% in November. An encouraging sign for those thinking about interest rates!

01/10/2023

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