Michelle Bourassa

Mortgage agent | TMG The Mortgage Group |
License #: M21004041

[Michelle Bourassa @Mdoesmortgages]

RT @CdnMortgageNews: The @bankofcanada has left its benchmark rate unchanged at 5.00% as expected. The Bank said it's "still concerned" abo…

[Canadian Mortgage Trends @CdnMortgageNews]

BREAKING: As expected, the @bankofcanada has left its key interest rate unchanged at 5%. The Bank said it remains "concerned" about the risks to the outlook of inflation, but that with weaker growth in 2024 it expects inflation pressures to continue easing

[Canadian Mortgage Trends @CdnMortgageNews]

The Bank added that while high interest rates are restraining spending and economic growth has stalled, it wants to see "further and sustained easing in core inflation."

[MortgageLogic.news @MtgLogicNews]

JUST IN: The @bankofcanada's policy rate remains frozen at 5.0%. It says it "remains prepared to raise the policy rate further if needed."

https://t.co/Y4msS00p1Z

Full mortgage analysis coming up...

[Canadian Mortgage Trends @CdnMortgageNews]

BREAKING: The @bankofcanada has left its target rate unchanged at 5.00%, saying it sees "clearer signs that monetary policy is moderating spending and relieving price pressures." However, the Bank reiterated it is "prepared to raise the policy rate further if needed."

[TMG Canada Inc. @TMGCanada]

Despite Bank of Canada's optimism, Canadians are preparing for a possible recession. Over a third are increasing savings, while many are cutting spending, paying off debts. 36% believe we're already in a recession. How are you preparing? #EconomicOutlook #FinancialPreparedness

[Canadian Mortgage Trends @CdnMortgageNews]

"If new information suggests we need to do more, we are prepared to increase our policy rate further, but we don’t want to do more than we have to."
-@Bankofcanada Governor Tiff Macklem

[Rob McLister @RobMcLister]

JUST IN: The BoC has bumped its overnight rate to 5% for the first time in 22 years.

Prime rate will hit 7.2%, effective tomorrow.

Adjustable-rate mortgage payments should jump roughly $14/month on average per $100k.

Here's the BoC's full statement: https://t.co/WI8RrBKaCv

[Michelle Bourassa @Mdoesmortgages]

RT @CdnMortgageNews: BREAKING: The @bankofcanada has hiked its key rate by 25 bps to 4.75%. In its statement the bank said it determined "m…

[Michelle Bourassa @Mdoesmortgages]

Margaritas anyone?

[Canadian Mortgage Trends @CdnMortgageNews]

BREAKING: The @bankofcanada has left its benchmark rate unchanged at 4.50%. The bank said it "continues to assess whether monetary policy is sufficiently restrictive to relieve price pressures and remains prepared to raise the policy rate further..." https://t.co/6jMH1s5zLk

[The Globe and Mail @globeandmail]

Bank of Canada expected to hold interest rates steady despite resilient economy https://t.co/bGu9jRuVKX

[TMG Canada Inc. @TMGCanada]

Amendments have been provided to Prohibition on the Purchase of Residential Property by Non-Canadians Act as of March 27, 2023 which expands exceptions to allow Non-Canadians to purchase a home in certain circumstances.
Read More: https://t.co/QfotPvmaQr

#CanadaRealEstate

[Michelle Bourassa @Mdoesmortgages]

The 2-2-2 rule

[TMG Canada Inc. @TMGCanada]

Is it time for a mortgage check up? 👨🏻‍⚕️

The answer is probably yes.

Reach out to your local mortgage professional today - link in bio 🏡

#MortgageEducation #LearnAboutLoans #HomeLoanLearning #MortgageIndustryInsider #RealEstateFinanceBasics #LoanLiteracy #FinancialEducation

[Michelle Bourassa @Mdoesmortgages]

🍀🍀🍀

[Michelle Bourassa @Mdoesmortgages]

Don’t forget!!