Author: Connolly Capital

Working with Sean and the Team at Connolly Capital was an absolute pleasure, we couldn't imagine calling anyone else to handle our Mortgage needs. We found Sean to be very responsive and proactive throughout the process, he understood our specific financial needs and goals and...

Weekly Digest———November 22nd, 2023 Bridge LoansIn this video, I'll be going over a couple of bridge loan examples. We've had real estate agents from different teams reach out for help, so I wanted to provide some guidance. I'll discuss scenarios where clients need bridge loans without...

Weekly Digest ——— November 9th, 2023   Fixed Rate Improvements   5 year bond, October 19th = 4.36%5 year bond, November 7th = 3.82% The last time the 5 year bond was at this level was in September. Why the sharp drop? After the US Fed meeting Nov 1st (more on this below)...

  Weekly Digest ——— October 26th, 2023   Bank of Canada Holds   The B.O.C held the overnight rate at 5.00% Wednesday morning. But what happens now? Wednesday’s decision was expected (85% odds of a hold). However, in their announcement, the B.O.C is now projecting that inflation will not return to the...

    Weekly Digest ——— October 19th, 2023   Inflation Cools Inflation was expected to remain flat at 4.00%, but a strong report this week showed a slowdown to 3.80%. This has moved the needle on a Bank of Canada increase from a 50/50 chance, to only 15% as of today. We are...