Fixed rates are moving up – if you’re thinking of buying in the spring, you should get pre-approved and lock in a rate hold now. January’s inflation numbers came out for the U.S. today, and while they did show a slight decrease from December on most measures, the decrease was less than many banks and investors were hoping to see.… Read More »
Remember to Claim Your First Time Homebuyers Tax Credit
Did you buy a home last year? As Canadians start to file their 2022 taxes, make sure that you or your friends and family are taking advantage of the First Time Homebuyer tax credit available for qualified ‘first’ home purchases in 2022. Even if you’ve owned a home before, you may be able to claim up to $10,000 for the purchase… Read More »
Bank of Canada raises benchmark rate by 0.25%
Today the Bank of Canada (BoC) raised its key lending rate by 0.25%. This in turn means most banks and consumer lenders will raise their prime rates by the same amount tomorrow. With most lenders, that means their consumer prime rate will increase from 6.45% to 6.70%. This increase directly affects all borrowers with variable or adjustable rate mortgages and… Read More »
Bank of Canada raises benchmark rate by 0.50%
Today the Bank of Canada (BoC) raised its key lending rate by 0.5%, meaning most banks and consumer lenders will raise their prime rates by the same amount tomorrow. With most lenders, that means consumer prime rates will increase from 5.95% to 6.45%. The prime rate increase will directly affect all borrowers with variable or adjustable rate mortgages and lines… Read More »
Unveiling our 2022 entry to the Gingerbread Village Auction
It’s a “Mini Christmas” created by our very own Mackenzie and Payton Gartside and on full display at Crown Isle for the 21st Annual Gingerbread Village & Teddy Bear Basket Charity Auction in the Crown Isle Clubhouse December 1-16. All Funds raised in the auction will benefit the Comox Valley Transition Society, YANA Comox Valley, and MARS Wildlife Rescue.
We won thrice in the 2022 Reader’s Choice Awards
This year, MG&A was nominated in a few categories and we won for: We are so thankful to our big community of clients and business partners who support and encourage us. These awards are a testament to the power of collaboration and hard work, and we are thankful for the opportunity to have such an incredible team working hard to… Read More »
Bank of Canada raises benchmark rate by 0.50%
This week the Bank of Canada (BoC) raised their key lending rate by 0.5%, meaning most banks and consumer lenders will raise their prime rates by the same amount. With most lenders, that means prime rates will increase from 5.45% to 5.95%. The prime rate increase will directly affect all borrowers with variable or adjustable rate mortgages and lines of… Read More »
Fall 2022 Contest Alerts
Reader’s Choice Awards Comox Valley Reader’s Choice Awards voting is open until October 5th.Vote now for your chance to win a Kingfisher Resort staycation package! If you are so inclined, Mackenzie Gartside is nominated in following categories and we’d be honoured by your support:People and Places: Pet Friendly BusinessShops & Services: Community Minded Business and Customer ServiceProfessionals (Individual): Mortgage Professional https://northisland.secondstreetapp.com/Readers-Choice-2022 Are you crazy for… Read More »
Inflation Continues to Cool: What does it mean for my mortgage?
The August inflation data have been released, and it has some good news for anyone with a variable rate mortgage or debt on a Line of Credit; for the second month in a row, the rate of inflation has decreased. August’s inflation rate fell to 7% on an annualized basis, down from 7.6% in July and from the peak of… Read More »
Bank of Canada Raises benchmark rate by 0.75%
In today’s interest rate announcement the Bank of Canada (BoC) raised it’s key benchmark rate by 0.75%, which will cause all the consumer lenders to raise their prime rates by the same amount. With most lenders, that means their prime rate will increase from 4.7% to 5.45%. The prime rate increase will directly affect all borrowers with variable or adjustable… Read More »
