📉 Breaking News from the Bank of Canada 📉 🏦 The Bank of Canada just announced a 0.5% drop in the overnight Prime Lending Rate, bringing the total reduction to 1.75% since June. Here’s what this means for you: 🏡 Variable-rate or HELOC mortgage holders: You’ll likely see lower payments. 📅 Renewing soon? Lower rates could lighten the load. 💼 Buying a home? You might now qualify for more. Every situation is different—if you’re wondering how this impacts you, let’s chat! Personalized advice is just a message away. 💬 #qmtmortgages #MortgageTips #BankofCanada #InterestRates #MortgageRenewal

Had an amazing time at our third annual Pineapple XChange event! It was a fantastic day connecting with industry experts, lenders, business partners, and fellow mortgage brokers to discuss the latest trends and strategies. It’s always inspiring to meet and network with like-minded professionals to explore exciting collaborative opportunities. Plus, it was Take Your Kids to Work Day, so I was thrilled to have both of my kids join me and experience a day in the industry! #PineappleXChange #Networking #MortgageIndustry #takeyourkidstoworkday #qmtmortgages

Looking to add an apartment to your home for extra income, but concerned about the upfront costs? 💸 Great news! A new government program, starting January 15, will allow homeowners to refinance up to 90% of their home’s value—if you’re using the funds to add a self-contained second unit. 🏡 This could be the opportunity you've been waiting for to make your project happen! Curious if you qualify? Let’s chat and see how we can make this work for you! 🙌 #QMTMortgages #RealEstateTips #MortgageRefinance #IncomeProperty

Exciting Update for Mortgage Renewals! Starting November 21, relaxed rules for mortgage renewals are coming into effect! OSFI (Office of the Superintendent of Financial Institutions) is changing qualification requirements, making it easier to switch lenders. ✨ What’s the big change? Previously, if you wanted to switch lenders at renewal, you had to pass a stress test (your rate + 2%). This often made switching harder, so most people stuck with their current lender who didn't require the test. Now, the playing field is leveled! 🏠 Lenders will compete with better rates and products, giving YOU more options. Renewing soon? Let’s chat and make this process smoother for you! 💬 #QMTMortgages #MortgageRenewal #HomeFinance #RealEstateNews

🚨 Exciting News for Home Buyers! 🚨 The Federal Government just announced some key changes that will make it easier to access insured mortgages, especially for first-time buyers! 🏡 Insured mortgages are designed for buyers with less than 20% down payment—helping many new buyers get into the market. Here’s what’s changing: 1️⃣ Higher Purchase Price Cap: The maximum purchase price for insured mortgages will increase to $1.5 million (up from $1M). This is huge for buyers in major cities like Toronto, where average home prices are often above $1M! 2️⃣ 30-Year Amortization Option: First-time buyers will now have access to 30-year amortization (currently capped at 25 years). This means lower monthly payments and potentially qualifying for a larger mortgage! These changes take effect on December 15, 2024. Have questions? 🤔 Let’s chat and see how this can bring you closer to your home-buying dreams! 💬✨ #qmtmortgages #FirstTimeHomeBuyer #DownPayment #TorontoRealEstate #MortgageTips #HomeBuyingJourney

Had an amazing time at TD's Annual Diva event with the theme "Women of Many Hats" 🎩💪. Celebrated the incredible ladies rocking the mortgage industry, enjoyed manicures, massages, and great company. Thanks, TD, for the pampering! 🙌 #WomenInMortgage #TDAnnualDiva #PamperSession #MortgageIndustry #WomenSupportingWomen #qmtmortgages #pineapplemortgage #tddivas2024

📉 Breaking News from the Bank of Canada 📉 The Bank of Canada just announced another 0.25% drop in the overnight Prime Lending Rate, marking a total reduction of 0.75% since June. With inflation less of a concern, the BoC is now focusing on signs of a slowing economy, hinting at more rate cuts ahead. 💰 What does this mean for you? If you already have a mortgage—especially a variable or HELOC—expect some payment relief. If you're renewing in the next year, lower rates could ease some stress. And if you're planning to buy a new home, these reduced rates could help you qualify for more. Need personalized advice on your mortgage? Let’s chat about your best options! 🏡 #qmtmortgages #MortgageTips #BankofCanada #InterestRates #MortgageRenewal

✨ Great News for First-Time Home Buyers! 🏡 Exciting update: A new rule change now allows 30-year amortizations on certain insured (high-ratio) mortgages! 🎉 A longer amortization means lower monthly payments and the potential to qualify for a higher mortgage amount—making your dream home more attainable. Here’s the scoop: 🔑 Applies to high-ratio mortgages (less than 20% down payment) 🏠 At least one buyer must be a first-time home buyer 🏗️ Only applies to new construction homes Effective August 1st! Ready to see if this works for you? Let’s chat! 💬 #qmtmortgages #FirstTimeHomeBuyer #MortgageTips #HomeOwnership

📉 Big News from the Bank of Canada! 📉 They've just announced a second consecutive decrease in lending rates, with another 0.25% drop. Combined with the June decrease, borrowing costs have decreased an average of $30/month for every $100K borrowed. 💸💰 Curious about how this impacts your current mortgage or wondering what it means for qualifying for a new one? Let's chat! 📞🏡 #MortgageRates #BankOfCanada #InterestRates #MortgageAdvice

🚨 The Bank of Canada just announced a 0.25% cut to its prime overnight lending rate, bringing it down to 4.75% due to sustained slowing inflation 📉. What does this mean for mortgages? If you already have one, you might see lower interest costs 💸. Looking to buy? This could help you qualify for more with lower borrowing costs 🏡. Contact me to see how this decision impacts you! 📞 #MortgageRates #BankOfCanada #InterestRates #MortgageAdvice

Ever wondered what amortization really means and how it can benefit you? Let's break it down! 📉💡 Swipe through the slides to uncover: 1️⃣ What amortization is 2️⃣ How it works in your mortgage 3️⃣ Tips to make amortization work for you Have questions or ready to dive deeper? Contact me to discuss how amortization plays its part in achieving your homeownership goals. 📞🏠 #MortgageTips #HomeBuying #Amortization #FinanceSmart #FinancialFreedom

🚨 Homeowners, listen up! 🚨 Even though interest rates have been climbing for over 2 years, the real impact might hit when it's time to renew your mortgage. If you locked in those ultra-low rates in 2020 or 2021, brace yourselves for potential big jumps in rates and payments. Don’t wait until the last minute! Let’s chat now to make sure you’re in the best position for your renewal. 📈🏡 #MortgageRenewal #HomeFinance #InterestRates #MortgageAdvice #FinancialPlanning

Wondering when interest rates will drop? 🤔 It's the burning question on everyone's mind! While we can't predict the future, we can read the signs from bond markets to gauge sentiment. Got questions about interest rates, affordability, or any other mortgage concerns? Let's chat! 💬 #InterestRates #MortgageAdvice #FinancialPlanning

Celebrating personal and professional growth! 🌟 Just wrapped up our Leadership training at Pineapple Financial alongside our inspiring broker owners and team leaders. Proud to be part of a brokerage committed to continuous improvement. 🍍💼 #continuousimprovement #neverstoplearning #leadershipjourney #brokerlife #mortgagetraining #leadershipdevelopment #qmtmortgages

Updates from the 2024 Federal budget geared towards helping first-time home buyers (FTHBs): 1. You can now use up to $60K of your RRSP towards your down payment (up from $35K)! 2. Plus, you can leverage a 30-year amortization to qualify for larger insured mortgages on new construction purchases. Curious how these changes could benefit you? Let's chat about how I can support you on your home-buying journey. 🏠💼 #qmtmortgages #FirstTimeHomeBuyer #2024Budget #HomeBuyingJourney 2h

Reminder to declare the occupancy status of your residential property for 2023. Residential property owners in Toronto must declare occupancy status annually. The declaration deadline is February 29, 2024 #propertytax #torontoproperty #qmtmortgages

@ 2023 Pineapple Awards Show!

Great news, the Bank of Canada held their rate again - this what we expected and hoped for! This decision comes as the Canadian economy is slowing down, and more people are finding it hard to get jobs. The recent hold means that there will be no change for variable rate mortgage holders today. However, this decision raises an essential question - is it time to consider a variable rate mortgage option again? If you are purchasing or renewing your mortgage soon, reach out and we can discuss your mortgage options. #qmtmortgages #interestrates

Celebrating milestones with pride and grateful for the incredible company culture – it’s not just a job, it’s a family. #teamsuccess #mortgages #qmtmortgages

Great news! The Bank of Canada announced that they will hold the overnight rate. The prime rate remains at 7.2%. It's great news for variable-rate mortgage and line of credit holders. The Bank of Canada predicts that it will take some time for the inflation rate to settle down. If you have a mortgage up for renewal soon, it's a good idea to talk to your mortgage broker. They can help you explore options that align with your budget. The next announcement is set for December 6th. #bankofcanada #interest #homefinancing #qmtmortgages #financialgoals #mortgagebroker #mortgagetips

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