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Author: Zheng Jian

  • The Bank of Canada Cuts It`s Policy Rate By another 50 Basis Points

    Zheng Jian

    The BoC slashed the overnight rate by 50 bps this morning, bringing the policy rate down to 3.25%.Today’s move will take the prime rate down 50 bps to 5.45% effective tomorrow, reducing floating rate mortgage loan rates by a half point, easing the cost of borrowing and reducing the monthly payment increase for renewals. This should spark… Read more

  • Refinancing Your Mortgage

    Zheng Jian

    Source: Dominion Lending Centres Refinancing your mortgage can be a smart financial decision, and as your trusted mortgage advisor, I’ve seen firsthand the benefits it can bring to homeowners! Ideally, refinancing happens at the end of your mortgage term to avoid penalties, but the right timing can vary based on your goals. For some, refinancing… Read more

  • Bank Of Canada Cuts Policy Rate By 50 BPs

    Zheng Jian

    Resource: Dominion Lending Centres After three consecutive 25 bp rate cuts, the BoC slashed the overnight rate by 50 bps at Oct.23rd 2024, bringing the policy rate down to 3.75%. The market had priced in 90% odds of a 50 bp move, where consensus coalesced. The combined slower-than-expected GDP growth and back-to-back weak inflation reports solidified the calls… Read more

  • Mortgage Policy Changing- Increasing Price cap for Insured mortgage

    Zheng Jian

    Effective December 15 2024 Increasing the $1 million price cap for insured mortgages to $1.5 million Read more

  • First Time Homebuyers 30 Year Amortization

    Zheng Jian

    Effective August 1st, 2024, First Time Homebuyers purchasing New Construction properties are able to qualify on a 30 year amortization! This Insured offering is an exciting opportunity for First Time Homebuyers looking to alleviate the pressures of affordability. A First Time Homebuyer is defined by meeting one of the following criteria: Read more

  • Bank of Canada reduces Policy Rate by 25 bps

    Zheng Jian

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    Great news today as Bank of Canada reduces Policy Rate by 25 bps, from 5% to 4.75%. This should result in Lenders reducing their Prime Rate by 25 bps to 6.95 in the next day or so. This is good news as it gives the Bank of Canada confidence that they can reduce our rates… Read more

  • Risks of Condition -Free Purchase Offers

    Zheng Jian

    Source: Real Estate Council of Alberta Currently, Alberta’s real estate market is extremely competitive, with limited supply of homes for sale, meaning sellers often receive multiple offers. Home buyers may feel they need to tailor their offer to appeal to the home seller and may consider making a condition-free offer to stand out from other… Read more

  • Canada Inflation 2.7%,Eased again in April, Raising the changes of a June rate cut

    Zheng Jian

    Canada`s inflation rate came in at 2.7%.  Good news, but not much happening with bond yield yet, and not much happening with 10 year US treasuries, so that explains it.  On June 5th, the Bank of Canada is meeting at 9:45am EST. The annual inflation rate in Canada eased to 2.7% in April of 2024… Read more

  • New Home Buyer`s Guide & Home Seller`s Guide In multiple languages

    Zheng Jian

    Courtesy of the “RECA” News Release The Real Estate Council of Alberta (RECA) now offers five comprehensive translated versions of its Home Buyer’s Guide and Home Seller’s Guide. RECA is making resources available in the most common first languages in Alberta as part of its mandate to protect Alberta’s real estate consumers. Newcomers to Canada are more at risk… Read more

  • “Alberta is Calling ” – Phase 3

    Zheng Jian

    You could get $5,000 for moving to Alberta and working in your skilled trade. The Alberta government has launched Phase 3 of its “Alberta is Calling” campaign, which is aimed at attracting skilled workers to the province from other parts of the country. Phase 3 of the Alberta is Calling campaign launched on May 1… Read more