Our experience is your advantage!



TD Increases Prime Rate

TD Bank has increased their Prime Rate to 2.85% (from 2.70%) – this affects any clients in variable mortgages or with vehicle loans/lines of credit.
Time will tell if the other banks will also increase this Prime Rate – stay tuned!
http://business.financialpost.com/personal-finance/mortgages-real-estate/toronto-dominion-bank-raising-prime-rates-variable-rate-customers-to-face-increased-costs


Go Flames Go!

Couple of our favorite partners enjoying the Flames game with MMG tickets last night!  Looks like they had a blast!

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Renovations are almost complete!

MMG’s new office in Inglewood is nearing completion!  Stay tuned for updates, looking forward to showing off our new home!

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CHBA’s 2016

This past weekend were the CHBA’s in Jasper – honouring some of the top builders in Alberta. Congrats to everyone who was nominated and the award recipients! 

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What’s coming for interest rates?

With interest rates hovering at all time lows, clients are wondering if now is a good time to lock into a new term, or what we expect for rates in the next year.  The Bank of Canada announced last week that they would hold the overnight rate again, and expectations are that we won’t see the BoC raising that rate until 2018.  But that isn’t the only factor affecting our rates.

While variable rates are directly affected by this overnight rate, our fixed rate terms are a different story.  Our fixed rates are affected by government bonds which are directly influenced by the US economy and also their overnight rate.  So we will have to keep an eye on the US economy to see if/when our fixed rates will increase.  In the meantime take advantage of these low rates and lock in a new term!

http://www.theglobeandmail.com/globe-investor/personal-finance/whats-ahead-for-mortgage-rates-in-canada-watch-the-us-fed/article31820702/