Recent Posts
Contact
Pat Sawler
902-465-5533
HALIFAX OFFICE:
1959 Upper Water Street
Suite 1301
Halifax, NS B3J 3N2
SURREY OFFICE:
7404 King George Blvd
Suite 200
Surrey, British Columbia, V3W 1N6
Nova Scotia Brokerage 2021-3000179
Broker 2021-3000180
Clickbait headlines
A clickbait headline is just used to get your attention and seldom follows up with actual usable information. Go beyond the headlines.
CPI update for June 23
The latest CPI update was released this morning showing that prices paid by consumers are heading in the right direction.
Stormy Weather
We could be in for some stormy weather economically at least if inflation does not rapidly slow down and cool down the economy as well.
More rate hikes???
Are we in for more rate hikes??? That is what we need to know and if we can all reign in our spending to help inflation go back down.
Jobless rate update
Both Canada and USA published their jobless rate update for April 2023. Too much strength in employment will keep inflation up.
It’s NOT always about the rate!
Stop chasing the shiny objects. They are just a distraction away from what really matters. Getting a good mortgage rate is important but it’s not the only thing.
Another one bites the dust
As another large US bank fails today, know that what causes this and how to protect yourself.
In the news
Many news outlets have published stories recently about the vast increase in the amount of private mortgages that Canadian’s are taking out in an effort to complete their real estate transactions or stay in their residences, increasing by 72% between 2019 and 2021. Many factors led to the increase in those taking out private mortgages, […]
Bridge Loan
Every once in a while people need a bridge to get them from point A to point B. This can be required for any number of reasons from divorce, less than perfect credit, unable to accurately prove income due to self employment, fix & flip or need to take advantage of an opportunity. Bridge loans […]
What goes up!
We all know that old expression “What goes up must come down”! In this day and age does this apply to our current variable rate mortgages. Before the Bank of Canada stepped in early last year our prime rate sat at 2.45%, we are currently at 6.7% after having gone up 8 times in the […]
January 2023 Inflation report
The inflationary report for January 2023 was released by Statistics Canada yesterday and we appear to be doing better than we expected. The market consensus had predicted that inflation would drop to 6.1% from 6.3% in December 2022. Actually we dropped to 5.9% which was the lowest rate since last February. So while we saw […]
Update to Foreign Buyers
Two weeks ago I wrote about the new ban on foreign buyers here in Canada. You can read about it here. As new clarifications are coming out almost daily, here is an update based on what I have learned from my underwriters. If you do not yet have your permeant residency status then you will […]
Commercial Mortgage Expert
If you are running a business then there is a good chance that you have an accountant to help you with your financials and your tax filings. You also have a lawyer who created your partnership agreement or created and filed your incorporation documents for you. You may also have someone doing your marketing & […]
Rate Announcement Jan 2023
The Bank of Canada did what many had predicted by increasing the overnight lending rate by .25% or 25 basis points. However it is their language in the press release that is providing some optimism going forward. This is key part “expects to hold the policy rate at its current level while it assesses the […]
Presence
Far too often we live our lives thinking of how we could change, undo or glorify events of our past. On the other side of things we also spend way too much time dreaming, planning or dreading what the future may entail. All of this is to the detriment of being present to what is […]