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Are you interested in owning a home? Here’s a good overview of the process and contact me to be introduced to a reliable mortgage broker to assist with your pre-approval!
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Did you know? The Bank of Canada plans to keep interest rate near zero until 2023!


There are no plans to change the benchmark interest rate of 0.25% until inflation reaches 2% and stays there, which isn’t expected until 2023. 


With over half a year gone since the beginning of the pandemic, the Bank of Canada has gained a better understanding of how containment measures and support programs affect the Canadian & global economies. 


The Canadian economy is predicted to shrink by 5.7% this year, grow 4.2% in 2021 and grow 3.7% in 2022. These predictions are based on the hope that there won’t be a second or third widespread lockdown across the nation and that some sort of vaccine will be implemented.


Read more on the CBC wesbite by following clicking HERE

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