Month: July 2015

15 Jul

Bank of Canada lowers overnight rate target to 1/2 per cent

General

Posted by: Drummond Team

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

Click here for full article from the Bank of Canada.

 

13 Jul

Connaissez-vous les différences entre le certificat de localisation, le bornage, le piquetage et l’implantation?

General

Posted by: Drummond Team

L’arpenteur-géomètre joue un rôle de premier plan en matière immobilière, que ce soit pour obtenir un financement hypothécaire ou pour établir la limite d’un terrain. Son intervention ne se limite pas aux certificats de localisation.

Voici l’article complet de Protégez-Vous

Par: Chambre des notaires du Québec, partenaire de Protégez-Vous.ca

Mise en ligne : 23 juin 2015

image

Photo: Chambre des notaires du Québec

13 Jul

Pick the best mortgage

General

Posted by: Drummond Team

Pick the right mortgage options to reduce interest and own your home sooner

Pick the best mortgageThere are MANY things to consider when picking a mortgage. MoneySense Magazine does a nice job of making sense of all the options.

Contact me to find the right mortgage options for you beyond just the lowest interest rate.

13 Jul

Are there pitfalls to the “early mortgage renewal”?

General

Posted by: Drummond Team

Early mortgage renewal: A gift horse to examine carefullyAre there pitfalls to the “early mortgage renewal”?

The Globe & Mail highlights six excellent points to consider.

  1. Consider ALL switching costs and savings
  2. Consider the risk of rising rates
  3. Don’t overestimate the risk of rising rates
  4. Factor in the hassle element
  5. Shop around (or use a mortgage broker!)
  6. Don’t succumb to pressure tactics

Lots of great information in this article so be sure to check it out.