Mortgage Architects

Exciting news! 🎉 The Bank of Canada has cut rates again, bringing the policy rate down to 3.25%. This shift brings relief for many borrowers and signals positive momentum for the economy. Whether you have a variable-rate mortgage or a HELOC, now is a great time to see how this change could benefit you. ------------------------------------ Bonne nouvelle! 🎉 La Banque du Canada a encore abaissé son taux directeur, le ramenant à 3,25 %. Ce changement apporte un soulagement à de nombreux emprunteurs et indique une dynamique positive pour l’économie. Que vous ayez une hypothèque à taux variable ou une marge de crédit hypothécaire (HELOC), c’est le moment idéal pour voir comment cette baisse peut vous avantager.

Switching mortgage lenders just got a whole lot simpler! 🎉 As of November 21, 2024, OSFI has dropped the stress test requirement for straight switches of uninsured mortgages. 👉 What does this mean? There is no need to requalify at higher rates when transferring lenders. More opportunities to secure better rates or terms. This change is all about giving Canadian homeowners greater choice and flexibility. Ready to explore your options? Contact a Mortgage Architects agent today!

Today, we honor the courage, sacrifice, and resilience of those who served and continue to serve. This Remembrance Day, let us pause and reflect on the freedoms and security they fought to preserve. Lest we forget. 🌺 #RemembranceDay

Fourth rate cut in a row! The Bank of Canada just announced another big rate drop, offering a silver lining for homeowners and future buyers. Are more cuts on the horizon? Reach out to your Mortgage Architects broker to find out what this means for you and your mortgage!

The Bank of Canada just cut interest rates again, now down to 4.25%, as inflation cools and the economy slows. More rate cuts might be coming, making it a crucial time to review your mortgage strategy. Ready to make the most of these changes? Contact a Mortgage Architect's agent today to explore your options!

A new adventure awaits… have a great first day back to school! #backtoschool

Happy Labour Day long weekend from your friends at Mortgage Architects!

Big News: Bank of Canada Cuts Rates to 4.50% The Bank of Canada has lowered its overnight target rate by 0.25%, bringing it to 4.50%. Governor Tiff Macklem hinted at more potential cuts if inflation continues to ease. "If inflation continues to ease broadly in line with our forecast, it is reasonable to expect further cuts in our policy interest rate," he said. The Bank expects inflation to reach its 2% target by 2026, with gradual GDP growth projected for the coming years. Have questions on what this means for your mortgage? Reach out to a Mortgage Architects agent today!

Happy Canada Day from Mortgage Architects! Get out there and enjoy the great outdoors and show your RED AND WHITE spirit! #canadaday

Summer is officially here! Cheers to warm nights, sunny days and good memories. #summer2024