In its 2012 Budget announced yesterday, the Provincial Government announced a temporary one-time refundable personal income tax credit worth up to $10,000, effective Feb 21, 2012 to March 31, 2013.
This is a great reference for homeowners and investors - an updated list of 26 Grants and Rebates available to Vancouver homeowners. I hope you are able to find some savings in here!
As always, please let me know if I can be of any assistance to you or anyone you know!
Patricia Collins
Fixed rates going up! My mailbox is full from lender messages - make sure you have a rate lock for those of you in the market!
I was chosen as one of Vancouver’s “Best Mortgage Brokers” in the WE’s Best of the City Annual Reader’s Choice Awards again- thank you SO much for your support and business!
I truly appreciate the trust and support of my clients, referral partners and friends - it means the world to me : )
Patricia
WOW! Rates drop again - 2 year fixed - 2.59% * 3 year fixed - 2.79% * 4 year fixed - 2.89% * 5 year fixed - 3.09% * 7 year fixed - 3.99% * 10 year fixed - 3.89%! 3 & 5 year variables - 2.80%
Call now to lock in a rate or discuss options for renewal, refinances, or switching your mortgage! *All of the above offer 30 year amortization.
Patricia Collins
Market Commentary from First National summarizes nicely:
“As expected, the Bank of Canada held its overnight rate steady at 1%, citing an uncertain global economic backdrop an expectations that recent growth in the US will moderate in the months ahead. Should the economic picture deteriorate further, the Bank of Canada has the flexibility to decrease its overnight rate, and in fact, markets are actually assigning a very high probability of a 25bp cut in the overnight rate at some point in 2012.
Notwithstanding the downward pressures on short rates, the bond market has sold off a bit this morning at the five and ten year maturities, taking yields higher. Stronger than expected Chinese GDP growth for 2011 (8.9% vs. 8.7% exp.) and a good reading in the Empire Manufacturing Index in the US providing the impetus.”
Patricia Collins
Ask your bank what your penalty would be to break your contract, and call or email me with the number. In a matter of minutes, I can tell you whether it is in your best interest to stay in your current mortgage or if the savings are great enough to change.
Feel free to contact me with any questions : )
Patricia Collins
