Nov 4, 2015 | Credit, Housing market, Interest rates, Investing, Mortgages
Our MOPOLO app helps you keep your possessions safe, makes it easy to apply for credit, and helps you stay updated on the mortgage market. 1. Track your inventory For many people, their home, and its contents are their most treasured possessions. MOPOLO lets you keep...
Sep 16, 2015 | Housing market, Interest rates
The word “recession” can sometimes cause us to sit back and worry about the state of the Canadian economy, the stock market, real estate prices, and our job security. A recession is generally defined as 2 successive quarters of decline in gross domestic product (the...
Sep 9, 2015 | Home ownership, Interest rates, Mortgages
The Bank of Canada announced today that it’s holding its interest rate at 0.5%, accompanied by its continued message of modest economic growth this year. “The stimulative effects of previous monetary policy actions are working their way through the Canadian economy,”...
Jul 17, 2015 | Housing market, Interest rates, Mortgages
The Bank of Canada cut its key interest rate by a quarter of a percentage point earlier this week. This is the second rate reduction this year (the reduced it by the same amount in January). The current rate is 0.5%. The big banks will likely resist lowering their...
Mar 4, 2015 | Interest rates, Mortgages
The Bank of Canada announced today that—unlike their cut to interest rates 6 weeks ago—they’re keeping interest rates steady at 0.75%, signalling to lenders that it’s not quite time for more change yet. The economy delivering on expectations was the reason the bank...
Jan 30, 2015 | Interest rates
Good news! Prime rate is decreasing by .15%! What does this mean to you and your mortgages, line of credit, or student loans? A lot of questions have come our way regarding the recent Bank of Canada announcement and their reduction of the overnight rate. After...
