Weekly Digest———April 23rd, 2024 Partner Appreciation Trip - 2023-2024Our annual partner trip is wrapped up from sunny Las Vegas.Reminder, to qualify for 2024-2025 trip, send $1,500,000 in advanced mortgage volume. Location to be confirmed soon! Bond Yields on the RiseCanada's 5-year yield is up again this week,...
Highly recommend Connolly Capital for any mortgage needs. I had a private mortgage with them when I could not close on my new property in time and eventually transitioned into a regular mortgage with their help. John & Matthew O'Neil and Trenton Beaty were absolutely...
Weekly Digest———April 11th, 2024There are lots of changes in the mortgage market this week.See below for;A. Update to the Bank of Canada + economic dataB. Changes to First Time Home Buyer criteria, including insured lending A Bump in the RoadAs expected, the Bank of Canada held...
Excellent service, always answers back fast, and couldn't be happier. Sheri Kranz ...
It was great to work with them and looking forward to working with them again if needed, I have referred them as I think that is the highest rating that can be given. Paul Tannahill ...
Weekly Digest———March 28th, 2024 OSFI to Implement a Loan-To-Income Limit (LTI)A major change is coming to the mortgage market, and more restrictions for debt and leverage are being added. OSFI will soon implement a Loan To Income (LTI) limit on banks portfolios and future applications.This measure...
Weekly Digest Inflation ReportYear over year inflation came in at 2.80%. This was a surprise reading below last month’s 2.90% and well below market expectations of 3.10%. This also headlined the lowest reading since June of 2023. The forecast for a rate cut in June is now...
Absolute pleasure working with the Connolly Capital Team. Will be highly recommending them to my peers. Dana Pilson ...
Weekly Digest———March 7th, 2024 Bank of Canada HoldsTo no surprise, B.O.C’s key rate was held at 5%, and Prime remains at 7.20%. Since inflation's peak, core inflation has averaged a 13 basis point monthly decline. If that pace continues, it means getting into the 2%’s could...
Weekly Digest———February 29th, 2024March Volume Run’sEach year, we notice a large market uptick in the real estate market come March. Seasonality, and lowering rates should lead to a very busy spring for Canada’s real estate market in 2024. More Inflation Data SetsCanada has a major housing...