Posts in category 'Mortgage And Interest Rates'

This Week's Video

We are pleased to announce this week's New Video!

Do you want to know what is happening to Canadian Mortgage interest rates? This video is about the Greater Victoria mortgage rate predictions in fall 2024 through 2025. Recently, I did 3 videos about the Bank of Canada overnight lending rate changes and this is a follow up of the changes discussed in those videos and how this is affecting the upcoming mortgage interest rates.

You can view this video at this link: (Video:100) or Click the Image Above.

Please take a few minutes to view our new video and please help us to get the word out about our site by "Liking" the video, "Sharing" it with a friend or two, and "Subscribing" to our YouTube Channel. This helps us to produce future videos.

100th Video Contest

With the release of this video, we are celebrating the release of our 100th YouTube Video with a contest and prizes. Don't miss that! You can enter our contest at this link: (Enter Contest)

As always, we appreciate your comments and suggestions. Also we would appreciate your ideas on topics that you think would benefit people like you who are entering or moving around in the Greater Victoria real estate market.

Enjoy!
Gary and Rosemary
We Love People and We Love Homes!

We are pleased to announce this week's New Video!

The Bank of Canada's overnight rates have just dropped by 25 basis points or 0.25% which is the 3rd drop in a row. I'm going to break down what this rate drop means for you and a Bank of Canada interest rate forecast of what I think is going to happen in the next while. Whether you're thinking about buying your first home, moving up, or refinancing, this little dip could mean big savings for you.

You may be asking yourself "Interest rates are decreasing, what should I do now?" I am going to provide some analysis to help you determine whether now is the best time to buy or sell or if you should wait.

As always, we appreciate your comments and suggestions. Also we would appreciate your ideas on topics that you think would benefit people like you who are entering or moving around in the Greater Victoria real estate market.

Please take a few minutes to view our new video and please help us to get the word out about our site by "Liking" the video, "Sharing" it with a friend or two, and "Subscribing" to our YouTube Channel. This helps us to produce future videos.

You can view this video at this link: (Video:101)

Bank of CANADA Interest Rate FORECAST - What Do We DO NOW?

or

Click the Picture Above

Enjoy!
Gary and Rosemary
We Love People and We Love Homes!

We are pleased to announce this week's New Video!

On July 24th, the Bank of Canada lowered their overnight rate by 0.25% for the second time this year. Our last video, "Bank of Canada Overnight Rate Drop" (#91) asked the question "Did Mortgages Go Down?" In that video I explained what actually happened to the Canadian borrowing mortgage rates when the BOC overnight rates dropped.

Our next Bank of Canada announcement will be in September.  I am going to give you my predictions on whether or not there will be further mortgage rate reductions in 2024 and explain why I think this.

As always, we appreciate your comments and suggestions. Also we would appreciate your ideas on topics that you think would benefit people like you who are entering or moving around in the Greater Victoria real estate market.

Please take a few minutes to view our new video and please help us to get the word out about our site by "Liking" the video, "Sharing" it with a friend or two, and "Subscribing" to our YouTube Channel. This helps us to produce future videos.

You can view this video at this link:

"Will MORTGAGE Rates Go DOWN in 2024 in Canada? MY PREDICTIONS!"

or

Click the Picture Above

Enjoy!
Gary and Rosemary
We Love People and We Love Homes!

We are pleased to present our next video/

On July 24th the Bank of Canada Overnight Rate dropped, For the second time this year, the Bank of Canada has dropped their overnight rate by .25% down to 4.5%.

So, what does this all mean? Are mortgage rates going to come down? How come the posted mortgage rates did not seem to come down when the June 6 drop of .25 happened?

This video gives you an overview of what was happening in the recent Bank of Canada rate drops, why we did not notice a significant reduction when the over night rate started to drop, some best practice tips to be ready for your purchases and some calculator tools to help you analyze the impact of the rate changes on your interest costs and month payments. 

Enjoy!!
Gary and Rosemary

Gary Sims Victoria Homes
DFH Real Estate Ltd. Victoria B.C. Canada

We love people and we love homes!
Video: 91