The Bank of Canada announced on October 22nd, 2014 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
MyMCAP customer portal is now just a click away! MyMCAP is the new online connection to everything MCAP customers need to know about their mortgage.
A conventional mortgage in Canada normally requires a down payment of at least 20% of the purchase price. When homebuyers have less than 20% for a down payment, Mortgage Insurance allows them to secure a mortgage for their home purchase.
In May 2014, CMHC completed an on-line survey of 860 First-Time Buyers from across Canada. All respondents had undertaken a mortgage transaction in the past 12 months and all were one of the prime decision-makers within their household for matters relating to housing finance and mortgages.
Laneway housing started turning heads in Vancouver a few years ago. As part of Vancouver’s EcoDensity initiative Laneway housing has started to really take off and is bringing a new housing choice to our city.
The Bank of Canada announced on September 3rd, 2014 that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Sean R. Client
Working with Scott was great, he made the process of finding a good mortgage option and rate really easy. We used to deal directly with my bank and always got the feeling that we probably weren’t getting the best deal but at the same time found it very time consuming to do all the shopping around. Working with Scott, we always got the feel that he was working for us and not somebody else, it really made putting our mortgage together a lot easier and stress free. We’ll definitely be using Scott for all future real estate transactions.
Valerie & Rob Clients
Thank you very much for everything. It was a true pleasure dealing with you. Not only did you get us the best rate but you were extremely helpful & patient throughout the whole process. You were very quick to answer our many questions. I would certainly contact you in the future & recommend you to my friends and family.
I’ve had the good fortune to work with Scott Dawson. He’s incredibly knowledgeable, sincere, patient and hardworking. Everytime I’ve called Scott, he’s dropped what he’s doing and he makes me feel like my call and what we’re discussing are the single most important thing to him, a quality that is not common with most people unfortunately. It’s no shock that he’s well known and respected throughout the industry and I would highly recommend Scott to anyone.
Paragon Pacific Mortgages Inc.