• Visit My YouTube Channel
  • Connect With Me On Facebook

YourCityYourHome

~ working with me, it's all about you!

YourCityYourHome

Category Archives: Mortgage Info

Bank of Canada Key Interest Rate

27 Friday May 2016

Posted by Alison Gray in Buying Real Estate, Finance, Mortgage Info

≈ Leave a comment

Good news for buyers! Bank of Canada’s key overnight rate remains unchanged.

Why is this important if you’re looking to get a mortgage?

The overnight rate is the interest rate which financial institutions use when borrowing and lending overnight funds between each other, and the Bank of Canada sets a target level, known as the key interest rate, for that rate. Changes in the overnight rate influence other interest rates, including mortgage rates.

While banks and other major lenders don’t have to follow the BoC’s change in rates, most will use the key interest rate as a guide and raise and/or lower their prime interest rate accordingly in order to remain competitive.

“The really good news for homebuyers is that they benefit with lower rates on their mortgage,” said James Robinson, a mortgage agent with Dominion Lending Centres. “Of course, this also means that the upward price cycle of real estate will continue. What is famed through lower rates is eroded through higher prices.”

Although there is an ongoing debate regarding when the Canadian housing market will cool, and whether or not we’re already seeing signs of cooling trends in particular markets across the country, the fact that the BoC remains unchanged means that the Bank sees inflation as being on target, low rates are still needed to promote economic growth, and they don’t want to take any kind of aggressive action to upset the balance.

The next interest rate announcement and monetary policy report is scheduled for July 13th.

*Content sourced through CanadianRealEstateMagazine.ca

Advertisements

Rate this:

Alison Gray, Sales Representative

YourCityYourHome@gmail.com
Office: 416.486.5588 (24/7)

Selling and/or buying a home can be at once exhilarating and overwhelming. With twenty years of experience in the real estate industry I've learned what it takes to meet my clients where they’re at and guide them in the way they need.

With a keen ability to ask the right questions, I quickly understand my clients’ needs and desires. Truly interested in their wellbeing and long term satisfaction, I patiently guide my buyer clients through the process of finding the right home, in the right area, at the right price, and consistently secure my seller clients the best possible sale outcome in the least amount of time possible.

Working with me, it's all about you! I will strive to gain and build your trust, maintain your comfort throughout the process, and ultimately see that you are completely satisfied with the end result. I truly consider getting to be a part of my clients’ journey an honour and a privilege. I look forward to walking with you through yours!

RE/MAX Hallmark Realty Ltd., Brokerage*
723 Mount Pleasant Road
Toronto, ON M4S 2N4

*independently owned and operated

Your Toronto Real Estate Source

  • Visit My YouTube Channel
  • Connect With Me On Facebook

Buyer Info

  • Buyer's Information
  • Land Transfer Tax Rebate Info
  • RRSP, Home Buyer's Plan

MLS Listing Search

  • MLS Listing Search

MLS Open Houses

  • MLS Open Houses

Real Estate Tools

  • Household Budget Calculator
  • Land Transfer Tax Calculator
  • Mortgage Affordability Calculator
  • Mortgage Loan Insurance Calculator
  • Mortgage Payment Calculator

Seller Info

  • Sellers Information

Your Toronto Neighbourhoods

  • Toronto Central Neighbourhoods
  • Toronto East Neighbourhoods
  • Toronto West Neighbourhoods
  • TREB Area Maps

Toronto Summer Festivals

LuminatoJune 10th, 2016
Luminato includes art, theatre, film, dance, music and literary events from local, regional and international artists, playwrights and filmmakers. They’ll be showcasing their talents to the city throughout the seventeen day event. David Pecaut Square (at the corner of King St. W. and John St.) continues to be the Luminato Festival Hub for the full ten days with nightly free concerts and events. This year, 1000 performers take part in the experience, and featured performances include Rufus Wainright performing the works of Judy Garland, the dance performance monumental, and the Scottish epic The James Plays trilogy. Check out more info and buy tickets at: https://luminatofestival.com/

Recent Posts

  • RE/MAX Hallmark Press Release
  • TREB Resale Housing Market Figures
  • OREA Market Highlights
  • Bank of Canada Key Interest Rate
  • New Listing

Archives

  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • July 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • August 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • January 2014
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
Advertisements

Some Words of Reference

Alison was instrumental in helping us finding the ideal condo, despite our demanding criteria. Her knowledge, dedication, continuous patience, and good humour all make her the go-to person. We recommend her for her good work!

Victor Zheng and Yi Luo
December 2012
Davisville Village
=======================

Alison Gray is a pleasure to work with. Her attention to detail, dedication to getting exactly what her clients want, knowledge of the market place, and her drive to go that bit extra for her clients are why I hired her; and why I would again.

Nikki Rollins
October 2012
Englemount-Lawrence
=======================

…Alison’s commitment, care, and professionalism during the sale process were without compromise. Her patience, special approach, and dedication made our real estate experience an exceedingly positive one. Her willingness to go the extra mile made all the difference … Alison surpassed all of our greatest expectations, standards, and we will forever be grateful to her for all of that and more. Her knowledge, resourcefulness, and professionalism were incredible … her experience as a real estate agent provided us with remarkable resources. Most importantly, she earned our trust and operated with honesty and integrity. Alison is a credit to the realtor profession and to RE/MAX. We will highly recommend Alison to anyone seeking an excellent real estate agent in Toronto.

Innessa and Irina Chipizubova
June 2012
Downtown Toronto
=======================

Hi Alison:

Mike and I wanted to send you a note to tell you how much we appreciated all your efforts on our behalf regarding the house on Logan Avenue. You were so helpful finding the property for us and were there every step of the way. You were especially reassuring during the trying circumstances that unfolded before the closing date. We would certainly love to use your services again in the future and we would highly recommend you to any of our friends and colleagues.

Thanks again and all the best.

Regards,
Maureen and Mike McCann
August 2011
Riverdale
=======================

We have worked with Alison when buying our condo. As first time buyers we had many questions as well as many concerns and worries. Alison was great as she patiently allowed us to explore all the options and suggested ideas that we did not think about. I have never felt pushed or rushed to make a decision. Once we finally picked the condo we wanted to buy I was impressed by her professionalism and negotiation style. We always felt that we knew what was happening at each step of the process. We are now proud owners of our new condo and could not be happier with our decision. I want to thank Alison for leading us through the stressful process of first time home buying with such ease. We would definitely recommend Alison to our friends and family.

Natasha and Ashley DeSouza
June 2010
Scarborough
=======================

Dear Alison,

I wanted to take the opportunity to express our gratitude for all your assistance throughout the sales process of my mother’s house. Your local real estate knowledge and attention to detail was invaluable from the home staging, offer, inspection, and closing processes. In an ever-changing local real estate environment we found that having you ‘on our side’ was a tremendous advantage to us and we are thankful to have worked with you. 

During a very stressful time for my mother, your professionalism in carrying out your responsibilities as our agent was beyond reproach. Your attention to all the details, responding to phone calls, and keeping us abreast of everything that was happening certainly took a lot of the pressure off us.

I would not hesitate to recommend you to any of my friends or clients who might need a Realtor in the future. 

Vera Archer
November 2009
Whitby
=======================

Alison Gray worked as the agent representing our two families when we purchased our home in 2009. The property we were searching for (and the one we found) was atypical in all respects as we were trying to accommodate two families in separate but attached dwellings, as well as one person with serious special needs. Alison understood our needs unquestioningly and respectfully and was creative in sourcing options for us. In two separate offers, several months apart from one another, she worked hard to represent us and finally negotiated the seller to a price that we were pleased with. Her honesty, in particular, stood out in that process as she could have easily coached us to pay the seller what he wanted, despite the fact that she and we knew the price was beyond unreasonable.

Alison is extremely personable, confident, and capable. We have recommended her to several sets of friends, all of whom have been impressed by and pleased with her work. We will continue to recommend her to anyone who is looking for an agent.

Respectfully,
Scott and Kathryn Gray
Harry and Marian Legris
April 2009
South Riverdale
=======================

Dear Alison,

Thank you so much for your patience, help, understanding, and outstanding work in helping us find our first home.

It is truly a blessing to have someone who is honest, straight forward, and trustworthy working on our behalf.

Marianne and Michael Sigmond
July 2007
Eglinton East
=======================
Ms. Gray represented us in the sale of our condo. She assisted us in staging our condo properly and guided us along every step of the way to the sale of our property. We successfully sold our condo in Toronto during a very competitive period of the market quicker than the average time in the industry at the time. Ms. Gray pays attention to detail and works hard on understanding exactly what her clients needs are. She comes highly recommended from us.

Carolyn and Hans-Jörn Eich
August 2006
North York

Blog at WordPress.com.