Upward and Onward During COVID-19

05.21.2020posted by: Walter Mota
The real estate market is still active in Winnipeg and seller confidence is growing as new listings continue to contribute to lower inventory numbers that are typical of the spring market.Phase 2 implementation of the Manitoba economy starts June 1st and is an encouraging sign overall. I remain readily available to all of you…my current…
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What the Bank of Canada rate cut means for mortgages

03.05.2020posted by: Walter Mota
Remember the Bank of Canada’s anxiety over worrisome consumer debt loads and housing imbalances? So much for that. The bank slashed Canada’s No. 1 interest rate today by 50 basis points, and it’s probably not the last cut. For Canada’s housing market, it sure as sheep didn’t need this stimulus. Not only are there bidding…
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Financial Post – Feb. 18, 2020-Mortgage Stress Test- changes coming in move that may make buying a home easier

02.25.2020posted by: Walter Mota
Changes that take effect on April 6 aimed at adjusting the benchmark rate. The federal government and a federal banking regulator are planning to tweak mortgage stress tests in time for the busy spring home-buying season, a move that could make it easier for would-be owners to get a loan and add fuel to Canada’s…
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Negative Mortgage Rates – Imagine the Possibility?

02.15.2020posted by: Walter Mota
MENU CBC NEWS Business Mortgages that pay you and savings accounts that don’t — the new rules of low rates The Associated Press Posted: February 14, 2020  Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it’s the bank, not the saver, who collects interest. Welcome to…
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Welcome Mortgage News-Bank of Canada announces framework for 10 year Mortgage lenders…

02.01.2020posted by: Walter Mota
The Bank of Canada announced this week it will begin purchasing 10-year Canada Mortgage Bonds (CMBs), a move seen as paving the way for mortgage lenders to more easily offer lower-cost 10-year fixed mortgage rates to consumers. This is the first time the Bank has purchased 10-year fixed mortgage bonds on the open market. Previously…
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