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.
Olympic Mortgage Market update September 2026 One week later THE BANK HELD. HERE’S WHAT MATTERS NOW. The overnight rate stayed at 2.25%. Mortgage pricing didn’t. It’s been a week since the Bank of Canada held its overnight rate at 2.25%. That’s enough time for the headlines to fade and for the […]
Economic update · week of August 31 The Bank of Canada decides Wednesday, and the data is pulling both ways. The announcement lands Wednesday, September 2. Going in, the case is genuinely mixed — three things are pushing in different directions at the same time. Friday’s GDP number came in better than […]
Mortgage Rates and Economic Update Mortgage rates have eased over the past few weeks. With the conflict in the Middle East settling down, energy prices have started to come back to earth — and the expectation is that inflation cools along with them. Bond yields have softened in response, and fixed mortgage rates have followed […]