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Black Friday Mortgage Deals

Black Friday Mortgage Deals and Rates 2022

Black Friday Mortgage Deals Rates 2022

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!

How BC Southern Interior Home Buyers Can Score a Deal on Mortgage Rates this Black Friday of 2022

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Bank of Canada Announcement (Autumn 2022)

Penticton Mortgage Rates Update – Autumn 2022

Penticton Mortgage Rates Update October-November 2022

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.

What Buyers Really Need to Know About the Autumn 2022 Bank of Canada Policy Rate Hike

Read More »Bank of Canada Announcement (Autumn 2022)

Penticton Real Estate News | Oct 2022

Penticton Real Estate News | Oct 2022

Penticton Real Estate News

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!

Real Estate Updates for Penticton and the Surrounding Area that New Buyers Want to Know About

Read More »Penticton Real Estate News | Oct 2022

Penticton Real Estate News | July 2022

Penticton Real Estate News | July 2022

Penticton Real Estate News

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.

Real Estate Updates for Penticton and the Surrounding Area that New Buyers Want to Know About

Read More »Penticton Real Estate News | July 2022

Penticton Real Estate News | May 2022

Penticton Real Estate News | May 2022

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.

Real Estate Updates for Penticton and the Surrounding Area that New Buyers Want to Know About

Read More »Penticton Real Estate News | May 2022

Bank of Canada Announcement (April 2022)

Penticton Mortgage Rates Update – April 2022

Penticton Mortgage Rates Update - April 2022

In last month’s Penticton mortgage rates update we detailed the recent (at the time) Bank of Canada announcement regarding the Policy rate. In March they increased the rate from .25% to .5%. We predicted that the Bank would once again raise the cost of borrowing incrementally through the months ahead, with another projected this very month (April). This morning (April 13) they did just that, with a move that the Financial Post and others are calling a super-sized rate hike. Is mainstream media being dramatic? More importantly, should new buyers reconsider getting a mortgage through the remainder of the spring and summer of 2022? Let’s review.

What Buyers Really Need to Know About the April 2022 Bank of Canada Policy Rate Hike

Read More »Bank of Canada Announcement (April 2022)

Penticton Real Estate News | Spring 2022

Penticton Real Estate News | Spring 2022

Penticton Real Estate News

Spring Break 2022 is in the books, and for many households in the BC Southern Interior it’s time to get back to #lifegoals, with homeownership being one of them. Traditionally, the season is prime for real estate, offering buyers enough time to get pre-approved on a mortgage, find their dream property, and move-in in time to enjoy the summer in the best place in BC. But does this spring in particular represent a good time to buy a home in Penticton and in the Southern Okanagan Valley? Let’s have a look at current real estate news to find out.

Recent Real Estate Updates for Penticton and the Surrounding Area that New Buyers Need to Know About

Read More »Penticton Real Estate News | Spring 2022

Bank of Canada Announcement (March 2022)

Penticton Mortgage Rates Update – March 2022

Penticton Mortgage Rates Update March 2022

Remember in our most recent Penticton real estate news update, when we encouraged buyers to act quickly before market forces increased the cost of buying a home? We named high demand for BC Southern Interior properties and a subsequently tightening inventory as key drivers of more costly mortgages. The other? The Bank and Canada’s overnight rate. We predicted that the Bank would raise the borrowing rate in 2022, and that prediction came true on March 2 when they made their scheduled announcement. The rate moved from .25% to .5%. But before you come into our Main Street office to smash our crystal ball, we want you to pause for just a second to put the news in perspective. Please keep reading.

What Buyers Really Need to Know About the March 2022 Bank of Canada Increase in the Prime Interest Rate

Read More »Bank of Canada Announcement (March 2022)

Penticton Real Estate News | January 2022

Penticton Real Estate News | Jan 2022

We’re three weeks into the new year. Now that you’ve shaken off the cobwebs from the Holiday season you’re ready to move forward with your plans to make your dream come true – home ownership. There’s nary a better place to make that happen than right here in the BC Southern Interior. But before you take steps on your own to get pre-approved on a mortgage, have a look at what’s new in the Penticton area real estate market.

Recent Real Estate Updates Regarding Penticton and the Surrounding Area that New Buyers Need to Know About

Read More »Penticton Real Estate News | January 2022

Bank of Canada Announcement (November 2021)

Penticton Mortgage Rates Update – November 2021

Prior to Halloween, the Bank of Canada concluded October with an announcement regarding the prime interest rate. If you’ve been following along on our Penticton mortgage news blog, then you know that the announcements have had little impact on mortgage rates and the real estate market over the last year. But things are a little different now. Economic growth is occurring, and while some uncertainty remains, it’s clear that far brighter days are ahead for 2022. So what’s new from the Bank of Canada that may (or may not) impact your decision to buy a home before the ball drops on 2021? Let’s find out.

What BC Southern Interior Buyers Need to Know About the November 2021 Bank of Canada Announcement Regarding Borrowing Rates

Read More »Bank of Canada Announcement (November 2021)