Gilles Neron

Big news from the Bank of Canada! 🇨🇦 They've just reduced the policy rate by 25 basis points to 4.5%! 📉💰 What are your thoughts on this move? #BankOfCanada #Economy #FinanceNews #InterestRates #PolicyUpdate

2

The reality of the over-hyped metropolitan cities such as Ahmedabad, Bangalore, Delhi, Surat, and Mumbai is becoming increasingly evident. If you are considering settling in these urban centers, I urge you to reconsider. Investing in inflated real estate ventures like GIFT City and Dholera will not yield the returns on investment you might expect; these projects are often no more than elaborate marketing schemes. Instead of succumbing to the allure of hype, prioritize tradition, culture, and stability over transient technological advancements. Despite the government's proclamations about infrastructural improvements, the perennial flooding during the monsoon season and the inadequacies of even the most celebrated structures, like the Ram Mandir's insufficient waterproofing and the collapsing airports, reveal the underlying inefficiencies. Do not be swayed by the grand promises of real estate developers and ambitious projects. True investment lies in our ancestral lands and villages, where our roots are deeply embedded in nature. It is time to return to our villages and invest in their development, regardless of the challenges. Villages are the backbone of our nation, supplying food to the entire country. Everything you see in malls, supermarkets, and restaurants originates from these rural heartlands. The future lies in embracing our roots, nurturing our traditions, and fostering sustainable growth in our villages. By doing so, we can create a stable and self-reliant foundation for generations to come. #YaashrajsinhParmar #StateOfPalasni #ReturnToYourRoots

7

👀 When you are looking to buy a property, you need to consider many things. 📋 The most crucial factor is whether or not the property is right for you, which strictly depends on your needs and wants. But there are also other factors to consider, such as the property's price and how much money you can afford to spend on it. All of these can be the makers or breakers of the deal! 👇 What are YOUR deal-breakers? Comment the emoji below! #propertyvalue #propertyinvestment #residentialproperty #utilitymanagement #commercialproperty #rentalinvestment #propertymanager #dealbreaker #realestate #propertybuying #propertyneeds #propertyprice #affordableproperty #propertydeal #realestateinvestment #propertymanagement #propertymarket #propertydealbreakers#ragonasistersrealestate #ragonasistersrealty #ragonasistersmortgage #vaughanrealtor #vaughanrealestate #woodbridgerealtor #yorkregionrealestate #ragonasisters

1

🚨🚨BREAKING NEWS🚨🚨 For the second consecutive month, the Bank of Canada has decided to cut their key overnight lending rate by 0.25%. They noted the general slowing of the economy both in Canada and the US as well as that inflation has been below the 3% target for several months in a row. You can expect all the major banks to reduce their prime rate accordingly within the next day. Those with Variable mortgages or other credit products should expect to save approx $15 for every 100k of balance owing. More to come... Jordan Samery Mortgage Agent Level 2 Sherwood Mortgage Group License 12176 #BankofCanada #MortgageRates #RateCut #Tiff #MortgageExpert #MortgageAgent #TorontoMortgages #TorontoRealEstate

12

July 24th Bank of Canada decision: RATE CUT by 0.25% How will this impact the consumer real estate market? With the potential for rate hikes far away in our rear view mirror, the expectation is that there will be more rate cuts on the horizon. We are well on our way to the estimated target of a 4% policy interest rate by the end of 2024 with it currently standing at 4.5% after today’s announcement. Over 70% of mortgages will be up for renewal between the years of 2025-2027. With more rate cuts expected to occur this year and into 2025 as well, this acts as a huge relief to consumers who are worried about their upcoming renewals in the coming years. We won’t see rates go as low as 1-2% again, however rates around the 3-4% mark are a very realistic possibility by the end 2025. It will be interesting to see how the market picks up as we enter the busy fall market come September, with the next rate announcement being held on September 4th, 2024. Consumers with variable/adjustable rate mortgages, home equity lines of credit, credit card products should expect the same cuts in their interest rates in the coming days. Curious about how these interest rate cuts will impact you? Let’s chat! ☎️ 613-899-5101 📧 [email protected]

6

1 Comment

Good news!! Earlier today the Bank of Canada cut their overnight lending rate by 0.25%. What does that mean and how should it impact your decision making if you are considering a new or renewed mortgage in the next several months? Jordan Samery Mortgage Agent Level 2 Sherwood Mortgage Group License 12176 #mortgageagent #torontomortgages #mortgagerates #mortgageadvice #bankofcanada #ratecuts

12

Taking care of yourself isn’t just a luxury—it’s a necessity. When you try to give to others without replenishing your own energy, you end up running on empty. By nurturing your own well-being, you ensure that you have the strength, clarity, and presence to truly serve and support those around you. Prioritize yourself so you can show up fully for others. #VineGroup #mortgagerates #mortgagetip #mortgageagent #mortgagebroker #realestate #realestateinvesting #realestatemarket #feelgoodfriday #TGIF #morningmotivation #inspirationalquotes #millionairemindset #millionairemotivation #inspiringquotes #motivationalquotes #entrepreneurship #millionairementor #keytosuccess

2

Taking care of yourself isn’t just a luxury—it’s a necessity. When you try to give to others without replenishing your own energy, you end up running on empty. By nurturing your own well-being, you ensure that you have the strength, clarity, and presence to truly serve and support those around you. Prioritize yourself so you can show up fully for others. #VineGroup #mortgagerates #mortgagetip #mortgageagent #mortgagebroker #realestate #realestateinvesting #realestatemarket #feelgoodfriday #TGIF #morningmotivation #inspirationalquotes #millionairemindset #millionairemotivation #inspiringquotes #motivationalquotes #entrepreneurship #millionairementor #keytosuccess

3

Saving up to move out? Let's discuss smart ways to save. First, let's define compound interest. Compound interest is the interest on a deposit that is calculated based on both the initial principal and the accumulated interest from previous periods. This means savings will grow exponentially over time. For example, if you save $10,000 at an annual interest rate of 5%, with interest compounded annually, you'll earn interest on both your initial $10,000 and the interest added each year. If saving for a house down payment is your goal, consistently contribute to a high-yield savings account or investment that offers compound interest. This strategy can significantly increase your savings over time, helping you upgrade from your current situation to a new home. Smart saving and understanding compound interest can turn your regular deposits into a substantial sum, accelerating your journey to homeownership. Looking to upgrade to your dream home? It would be my privilege to help. #compoundinterest #savingforahome #financialplanning #downpayments #smartinvesting #personalfinance #financialgrowth

1

Home Inspection Checklist Every Buyer Needs! #immobilier #immobiliermontreal #immobiliermtl #RealEstateMontreal #MontrealRealEstate #RealEstateBroker #RealEstateInvesting #RealEstateLife #HomeForSale #maisonavendre

3

Bank of Canada (BoC) drops their rate by 0.25%, for the second time in a row.  Household spending has been weak. There are signs of slack in the labour market. The unemployment rate has risen, job seekers taking longer to find work. Wage growth is showing some signs of moderating, but remains elevated.     Residential investment is expected to grow robustly. With new government limits on admissions of non-permanent residents, population growth should slow in 2025. Shelter price inflation remains high, driven by rent and mortgage interest costs, and is still the biggest contributor to total inflation.   BoC now expects reaching their 2% target next year. They acknowledge however there are opposing forces on inflation, notably shelter and some other services, which are holding inflation up. They will continue to 'carefully assess' this.   Next BoC meeting is Sept 4, 2024.  US Fed will make their next rate announcement July 31, 2024. The Fed has yet to initiate their first rate drop.

5

What Makes Your Home Sell Faster? #immobilier #immobiliermontreal #immobiliermtl #RealEstateMontreal #MontrealRealEstate #RealEstateBroker #RealEstateInvesting #RealEstateLife #HomeForSale #maisonavendre

2

📢 BREAKING: (IG saw it first) @MelansonMortgages - Bank of Canada Cuts Overnight Lending Rate by 0.5%! 📉 The Bank of Canada has just reduced the overnight lending rate by 0.5%, bringing it to 3.75%. This move impacts a variety of areas in the economy, so here’s what you need to know: 💡 How this affects you: 1. Lower Variable/Adjustable Mortgage Rates: With the overnight lending rate dropping, banks reduce their prime lending rates. This means variable and adjustable-rate mortgages will become cheaper, leading to lower monthly payments for homeowners and better rates for new mortgages. 2. Cheaper Home Equity Lines of Credit (HELOCs): For those with HELOCs, the cost of borrowing will go down, making it more affordable to access funds tied to your home or property’s equity. 3. Credit Card and Loan Interest Rates: If you have any floating-rate loans or credit cards tied to the prime rate, this rate cut can reduce the interest you’re paying, offering savings on your outstanding balances. 4. Business and Consumer Loans: Business owners will benefit from lower borrowing costs for things like business loans, equipment purchases, or expansion, which can stimulate growth. Similarly, personal loans for big purchases (like cars) could also see lower interest rates. 5. Economic Stimulus: The rate cut is aimed at boosting economic activity. Lower borrowing costs for businesses and consumers can encourage spending and investment, which may help the economy grow faster. This is a significant shift in the financial landscape, and now may be the perfect time to review your mortgage, loans, or investment strategies. Let’s discuss how this change can benefit you! 🏡📊 ______________________________ Devon Melanson Licensed Mortgage Agent Level 2 FSCO #12728 📱 (647)379-8714 📧 [email protected] ——————————————————- #BankOfCanada #InterestRateCut #MortgageRates #Refinance #EconomicGrowth #torontorealestate #realestate #mortgage #realtor #mortgages #mortgagebroker #mortgagetips #canadarealestate #ontariorealestate #gtarealestate

3