One of the Okanagan Valley’s most trusted news resources regarding real estate and mortgage rates is back with an update, and just in time for Spring Break. Given that you’ve decided that spring is a good time to get a mortgage, you’re wondering if you should get pre-approved today, or wait a little longer. Rather than comb through indecipherable market reports, you can simply read below to find out everything you need to know.
Are you tired of hearing about mortgage interest rate increases? Us too. In fact, for the first time since we’ve been publishing real estate news updates we left out of the most recent Bank of Canada announcement regarding yet another hike in the prime rate. Like we said – we’re over it.
That being said, mortgage interest rate increases certainly impact your decision to get a home loan. And as the BC Southern Interior’s go-to mortgage brokerage we know that you need some advice – and fast! Is there anything to be done as someone who wants to enter the market early in 2023? Most certainly.
We’re midway through the first fiscal quarter of 2023, which means that it’s time for a real estate news update from our Penticton office. Is there anything new in the news that may impact (or incite!) plans to get a mortgage in the BC Southern Interior this early in the season? Let’s find out!
We’re in the middle of December, and households throughout the Okanagan eagerly await the arrival of something special. That’s right – a Penticton real estate news update from Carloni Mortgages Brokers! But instead of waiting for Christmas Eve to get to the goodies, we’re releasing valuable intel early for those who may be in the market for a mortgage before the year comes to a close. Let’s get to it!
The Canadian Prime Rate Train Stays on Track to Conclude 2022
The featured image above (and caption) tells you what you need to know – the recent series of Bank of Canada prime rate hikes remain on track to wind down 2022. The BoC made their final announcement of 2022 yesterday (December 7), leaving prospective homebuyers wondering is they should wait until 2023 to get a mortgage, or make their move now before the fiscal year comes to a close. Below is a breakdown of what you need to consider before making your decision.
Last year, 54 percent of Canadians participated in Black Friday promotions, which was up from 31 percent from the year before. That number is expected to be higher for 2022 as more of us are hopping on the USA’s annual shopping bandwagon. Most people are looking to score door-busters on fashions, electronics, and even vehicles. However, a number of BC Southern Interior households are wondering if there will be any Black Friday mortgage deals and rates on tap for this coming November 25th? There most certainly will be, even if in a roundabout way. What do we mean? Let’s find out!
Last week (October 26) the Bank of Canada (BoC) made another one of their interest rate announcements. Eyes rolled across the BC Southern Interior as prospective home buyers wondered what the news would bring. Will the BoC’s words cause Okanagan and Penticton mortgage rates to rise yet again? Or will things even out as we wind down the annum? In order to adequately answer your questions and concerns we’ve waited a week longer than we normally would to report on the announcement. It’s a good idea to let the dust settle to find out how the Bank’s meddling may or may not impact homeownership aspirations. So where does your purchasing power now stand as we enter the second week of November? Let’s review.
You can smell the pumpkin spiced lattes in the air, which means that it must be autumn in the Okanagan. Indeed it is. With the summer season locked away for another 300+ days, many households have switched focus to more responsible matters – one of them being a real estate purchase. Is now a good time to buy a home, or should you wait until the new year? Let’s have a look at current real estate news for the Penticton BC area and find out!
For the first time in 3 years, summer (as we have always known it) is in full swing in Penticton BC. The Peach City Cruise once again rolled into town, and Elvis has been spotted everywhere. The 14-day weather forecast is all bikinis and board shorts.
Collectively, the season thus far is the reminder you needed that this is the best place in the province to get a mortgage. On that note, you’re in the market for a new home, which is why you’re online and searching for Penticton real estate news. You’ve come to the right place. Below is a quick and easy breakdown of everything you need to know as we dive into the month of July.
There’s just one month left in the spring season. Given that buyers prefer to move into their new home in the summer, now is the perfect time to get a mortgage. If you’re among this lot, you’re invested in the process and researching everything you need to know before contacting a mortgage broker. We’ve got you covered. Below is a breakdown of recent real estate news that current and prospective buyers in Penticton BC will be excited to learn.