Breaking News: Bank of Canada Raises Rate by 50 bps

News Breaking News: Bank of Canada Raises Rate by 50 bps The Bank of Canada has just raised its key lending rate by 50 basis points, bringing it to 1.00%. This marks the second change to the Bank’s overnight target rate this year and the first 50-bps rate hike...

Is now a good time to refinance your mortgage?

News Is now a good time to refinance your mortgage? The big news in the mortgage world these days has been the steady increase in fixed mortgage rates. Since the start of the year, fixed rates have risen approximately one percentage point, or 100 basis points. As a...

The Value of Working with First Avenue Financial

News The Value of Working with First Avenue Financial Securing financing to purchase a home can be a major undertaking. This is even more true for first-time buyers and particularly in today’s housing market. Having a licensed and experienced professional on your side...

Bank of Canada Raises Rates by 25 bps

News Bank of Canada Raises Rates by 25 bps The Bank of Canada has just raised its key lending rate by 25 basis points, citing… This marks the first change to the Bank’s overnight target rate in two years and the first rate hike since October 2018. In its statement...

Rate Hikes Are Coming, What Should You Do?

News Rate Hikes Are Coming, What Should You Do? The Bank of Canada may not have raised rates at its recent January meeting, but it’s clear that interest rates are headed higher tout suite. Those with a variable-rate mortgage may be understandably on edge these days,...