Bank of Canada Holds at 4.50% As expected, the Bank of Canada held the key rate at 4.50%. Macklem advised Canadians, "Don't plan on inflation staying high." The Bank expects CPI inflation to fall quickly to around 3% in the middle of this year and...
First Home Savings Account (FHSA) The purpose of the FHSA is to provide first time home buyers more tax benefits when saving for a down payment. You must be a first time home buyer between 18 and 71. You can save up to $8,000/year capped at $40,000 over...
Rate ExceptionsWorrisome USA inflation data sets are causing The Bank of Canada’s “Time to First Cut” to be pushed to Q2 of 2023. 2-year yields continue to rise, and the USA FED pressures to increase rates will continue.The market is now pricing in three consecutive...
I started working with the team at Connolly Capital last fall to apply for mortgage pre-approval. They were incredibly knowledgeable and helpful throughout the entire process. They explained everything step-by-step and made sure I got the best possible rate, even better than I could have...
Matt & Sean were so attentive with our mortgage transfer and renewal. Great communication from both which ultimately resulted in a smooth mortgage process. - Laura Ward...
Matthew was attentive and extremely knowledgeable. His insights made a world of difference for our purchase. Would not hesitate to recommend! - Derek Rennie...
Trenton Beaty at Connolly Capital was really instrumental in helping to see us through a mortgage process that almost turned into a nightmare. He was there every step of the way answering all questions and providing proper guidance.I highly recommend Connolly's services. - Idris...
SVB Situation Explained After widespread client withdrawals, we are witnessing the second-biggest bank collapse in U.S history. Silicon Valley Bank was a well-capitalized institution with a 40-year history. They are an important institution for the tech and venture capital sector, and it is estimated that 50%...
The team at Connolly Capital exceeded any and all of our expectations during the mortgage process. Kane was thorough, professional, and always prompt regarding any questions or concerns we threw his way.We highly recommend having Connolly Capital take care of your mortgage solution needs and...
Sean, Matthew and the whole team at Connolly Capital were knowledgeable, professional and helpful in my mortgage renewal process. I highly recommend them! - Mercy Lee...