This year the theme of our Christmas contest was Grinchmas, and the prize was a fully decorated Grinch Christmas Tree, along with a great collection of other theme decorations and gift cards. We run our giveaway contests through our Facebook and Instagram pages, and we had hundreds of people participate for a chance to win. In the end, the lucky… Read More »
Rate Update and Analysis – December 2023
On Wednesday December 6th at their regular policy meeting, the Bank of Canada (BoC) once more decided to keep their Policy Rate steady at 5 per cent. This means that most lenders will hold their consumer Prime Rate steady at 7.20 per cent and there will be no changes to the payment amounts for variable rate mortgages. It’s the third… Read More »
Christmas Parade 2023
Did you see us in the Christmas Parade this year? That’s right, our team were the ones in the gingerbread and christmas tree costumes! We had a great time seeing all the smiling kiddos and giving out bracelets. Happy Holidays!
2023 Reader’s Choice Awards
A Heartfelt Thank You! We want to express our sincere gratitude to each and every one of you who took the time to cast your votes in this year’s Comox Valley Record Reader’s Choice Awards. Your support means the world to us, and we’re truly honored to be a part of this incredible community. This year, we were winner’s in… Read More »
Rate Update and Analysis – October 2023
On Wednesday October 25th at their regular policy meeting, the Bank of Canada (BoC) again decided to keep their Policy Rate steady at 5 per cent. This means that most banks will hold their consumer Prime Rate steady at 7.20 per cent, and there will be no changes to the payment amounts for Variable rate mortgage holders. This is the… Read More »
Rate Update and Analysis – September 2023
On Wednesday, September 6th at their regular policy meeting, the Bank of Canada (BoC) decided to keep their Policy Rate steady at 5%. This means that most banks will hold their consumer Prime Rate steady at 7.20%, and there will be no changes to the payment amounts for Variable rate mortgage holders. This was expected by most banks and economists,… Read More »
Rate Update – July 2023
For the second time in a row, the Bank of Canada (BoC) announced it is increasing it’s Policy Interest rate by 0.25% (up to 5%). This means that most banks will immediately increase their consumer Prime Rate from 6.95% to 7.20% – the highest the Policy Interest rate has been in 22 years (since April 2001). In its announcement, the… Read More »
Property Taxes and BC Home Owner Grant Claims due July 4
By this time, you should have received your property tax notice in the mail. Payment is due by Tuesday July 4th to your municipality (if you live in Courtenay, Comox, or Cumberland) or to the BC Government if you’re in the regional district. There’s typically a 5% penalty for late payment, so don’t miss the deadline! For property taxes, you… Read More »
Rate Update – June 2023
After announcing a “pause” back in January and 2 consecutive meetings where rates held steady, the Bank of Canada (BoC) today announced it is increasing it’s Policy Interest rate by 0.25% (up to 4.75%). This means that most banks will immediately increase their consumer Prime Rate from 6.7% to 6.95%. In its announcement, the BoC indicated that “excess demand in… Read More »
Rate Update – April 2023
For the second meeting in a row, the Bank of Canada (BoC) announced it is holding the overnight Prime lending rate unchanged for the next 6 weeks. The BoC’s overnight lending rate is currently at 4.5%, which means that most banks are calculating their consumer Prime Rate as 6.70%. In its announcement, the BoC indicated that they continue to assess… Read More »