Important Mortgage Rule Change Update: FICOM will not be making changes to it’s lending guidelines, which means that provincially regulated credit unions, such as Island Savings and Coastal Community Credit Union, will not have to adopt the new mortgage rule changes come January 1st, 2018. Find out how this can affect the approval of your early mortgage renewal application by contacting a mortgage expert today.
The USA Goes To The Polls. Not to be overly dramatic, but today’s US election really is one of those singular events that could have a huge impact on our Canadian economy, in a variety of ways. I’ve scoured over the Globe and Mail’s long Saturday article describing how the election will effect our economy, […]
Tuesday’s inflation announcement was a watershed moment for interest rates, and interest rate expectations. If you are applying for a variable mortgage, you’ll want to keep reading. What Happened? For the first time since February 2021, inflation finally came below the BoC’s target rate of 2.00%. The inflation rate actually dived well below the BoC […]
Is Summer Over, Already? Is everyone asking the same question? I’ve been here in Victoria coming on 20 years now. I’m from Calgary, where, other than the freak snowfall that lasts for a day in August (specifically in 1994 from what I remember), or the 3 day Chinook which brought summer weather in February, the […]