BLOG

2024-03-07 | 07:15:12

Update ~ March 2024

Yesterday The Bank of Canada held the overnight rate (which affects variable rate mortgages) at the current level, but there are clear signals that the two-year run of higher interest rates is nearing its end. Inflation figures have been receding to...

2023-03-08 | 12:59:31

Economic Update ~ March 2023

Today, the Bank of Canada followed through on their January promise to keep the Overnight Rate (and therefore the Prime Rate) unchanged for a period of time to give the last eight consecutive increases time to work their way through the economy. Most...

2022-12-07 | 10:10:30

Economic Update ~ December 2022

It is no secret to anyone reading this: The Bank of Canada is acting far more aggressively than anyone expected. Several unpredictable issues are at play: the war in Ukraine, supply chain issues worldwide, and good old corporate greed. Back on...

2022-11-08 | 09:10:27

Ontario Housing Market Update

 Let me know if you would like me to send you the link for any other province. https://files.constantcontact.com/849ebb2e701/6a6f1a69-53ea-44af-bff0-fcbabea58d22.pdf  Â...

2022-07-14 | 10:29:01

MORTGAGE UPDATE – JULY 14, 2022

As of 10AM EST on July 13th, the Bank of Canada has increased their Overnight Rate by 1.00% to 2.50%. As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and therefore those payments will be...

2022-06-15 | 10:59:45

Team Duggan News!

Team Duggan Mortgage Inc. is expanding!  We are very pleased to announce that we havea new team member, William Duggan. Will completed the Mortgage Professionals Canada, Ontario Mortgage Agent course last summer and has recently received his...

Free Calculators