And I'm proud to be a Canadian, where at least I know I'm free. And I won't forget the men/and women who died, and gave that right to me.
~Unknown WATCH NOW
It is that time of year again. The time we stop and remember all the past and present soldiers that fought for our freedom. War is such a terrible state but sadly sometimes we have had no choice. And it is at those times that I am so grateful for all the young men and women who stood up and fought on our behalf..... where would we be today without their courage.
All this week and into early next week Remembrance Day ceremonies will take place at local schools, legions, parks and city halls... join me in taking the time to show your respect and gratitude.... Lest We Forget
The Old Comrade
By Dileas Gu Brath
Every year about this time
You'll see him at the mall
A man who's old and slightly bent,
Who once stood straight and tall.
And if you go you'll see him,
For he's there every day.
Dressed in a Legion blazer,
With poppies in a tray
Who is this ancient warrior
Who sacrificed his youth?
So we could live in freedom,
And all could know the truth.
How many times still in his youth
Did this man go through hell?
How many times watched helplessly,
As comrades around him fell
A dollar coin or maybe five,
It's a small price that I pay,
As I take a poppy,
And start to walk away.
Thank you sir the old man says,
With a voice that's strong and true,
And I turn and look in his eyes,
And say, No Sir... I thank you!
Warm Regards,
Jared Dreyer, AMP
604 649-5991
jared@dreyergroup.ca
Dreyer Group Mortgages Inc.
Proud Member of the VERICO Brokers Network
________________________________________
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients , we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business. Copywrite © 2008
He remembers...
Things he wants to forget, but can't.
And a tear slides slowly down his cheek...
by Andre Quellette
On November 11th, take time to remember
Who Took My Desk?
Back in September, on the first day of school, Martha Cothren, a social studies high school teacher removed all of the desks out of her classroom.
When first period kids entered the room they discovered that there were no desks they asked
'Ms.. Cothren, where're our desks?'
She replied, 'You can't have a desk until you tell me how you earn the right to sit at a desk.'
They thought, 'Well, maybe it's our grades.'
'No,' she said. 'Maybe it's our behavior.'
She told them, 'No, it's not even your behaviour.'
And so, they came and went, the first period, second period, third period. Still no desks in the classroom.
The final period of the day came and as the puzzled students found seats on the floor of the deskless classroom, Martha Cothren said, 'Throughout the day no one has been able to tell me just what he/she has done to earn the right to sit at the desks that are ordinarily found in this classroom. Now I am going to tell you.'
At this point, Martha Cothren went over to the door of her classroom and opened it.
Twenty-seven (27) War Veterans, all in uniforms, walked into that classroom, each one carrying a school desk. The Vets began placing the school desks in rows, and then they would walk over and stand alongside the wall... By the time the last soldier had set the final desk in place those kids started to understand, perhaps for the first time in their lives, just how the right to sit at those desks had been earned..
Martha said, 'You didn't earn the right to sit at these desks. These heroes did it for you. They placed the desks here for you. Now, it's up to you to sit in them. It is your responsibility to learn, to be good students, to be good citizens. They paid the price so that you could have the freedom to get an education. Don't ever forget it.'
Senin, 12 November 2012
Kamis, 01 November 2012
Good News First Time HomeBuyers
If you are a First Time Homebuyer afraid you wont be able to enter the housing market with the new mortgage rules, fear not.
This is actually an opportune time to take advantage of the historical low mortgage rates and negotiate better prices on housing, especially in the condo/townhome market. While many feared this market would be the most negatively affected, take a look at these numbers to help put it in perspective:
2007 40 years of amortization (the longest you could get at the time) at an average interest rate of 5.71% - $350,000 = $1,831* would have been your monthly mortgage payment.
2012 25 years of amortization at an average interest rate of 3.29% - $350,000 = $1,704* monthly mortgage payment.
Right away, you'll notice a truly substantial savings in that you'll pay your mortgage off 15 years earlier and approximately $330,000 in interest that would have developed over the 40-year amortization.
For more information on First Time Homebuyer Programs, click here
Call my office now to find out how much you qualify for. If you are not a first time homebuyer and would like more information on your mortgage financing options, we are happy to help.
Please Call 604 649-5991
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
All rates quoted are on approved credit.
This is actually an opportune time to take advantage of the historical low mortgage rates and negotiate better prices on housing, especially in the condo/townhome market. While many feared this market would be the most negatively affected, take a look at these numbers to help put it in perspective:
2007 40 years of amortization (the longest you could get at the time) at an average interest rate of 5.71% - $350,000 = $1,831* would have been your monthly mortgage payment.
2012 25 years of amortization at an average interest rate of 3.29% - $350,000 = $1,704* monthly mortgage payment.
Right away, you'll notice a truly substantial savings in that you'll pay your mortgage off 15 years earlier and approximately $330,000 in interest that would have developed over the 40-year amortization.
For more information on First Time Homebuyer Programs, click here
Call my office now to find out how much you qualify for. If you are not a first time homebuyer and would like more information on your mortgage financing options, we are happy to help.
Please Call 604 649-5991
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
All rates quoted are on approved credit.
Sabtu, 27 Oktober 2012
'It is impossible to manage a [pre-1914] railway by theory" ... or is it?
In the early 1900s the London and South Western Railway (LSWR) was one of five British railway companies that began sending its clerks to the London School of Economics (LSE) to undertake classes in 'railway administration.' The aim of this move was to augment the skills and knowledge of its clerical staff, the company's future managers, in a period when the quality of the railway industry's management was being questioned and it was being challenged by high material and labour costs, competition from trams on suburban routes, increased government intervention and stagnating traffic growth. Indeed, this caused a severe drop in company profitability from the late 1890s onwards.
However, before the First World War the idea of railway employees attending universities to receive management training was not universally accepted within many companies'. Furthermore, this attitude was not restricted to the railways and Amdam argued that historians have almost unanimously concluded that within British industry generally there was a ‘skepticism towards business education within the both the academic and business community’.[1]
This scepticism towards was expressed frequently by LSWR clerks in the company's staff magazine, The South Western Gazette, which was largely written and edited by them. When Hilditch, the Waterloo Station Superintendent, retired in 1905, the piece announcing this stated that he had had ‘a good plain practical education, but he possessed, in addition, what universities have not yet been able to provide, namely, a shrewdness and capacity for sound common sense, a cool head and clear intellectual grasp.'[2] The anti-university feeling was reiterated in 1909 when another clerk, writing on the matter staff education, stated that ' I will dismiss the question of the London School of Economics by saying that “it is impossible to manage a railway by theory.” Indeed, he preferred an institute where individuals could learn 'practical' railway skills.[3]
The problem with this attitude was that it was what had created many of the problems railway management faced immediately after the late 1890s. Indeed, because many senior officials felt that good railway managers were born within the industry, not made outside it, and thus recruited the vast majority internally, companies' decision-makers were highly institutionalised within the practices and norms of the railways that employed them and the industry as a whole. Consequently, railways were unable to respond adequately to the challenges they faced as there was severe lack of innovation within them and few new ideas were being generated. This is what my PhD shows in the LSWR's case.
-----
[1]Amdam, Rolv Petter, ‘Business Education’, in Jones, Geoffrey and Zeitlin, Robert (eds.), The Oxford Handbook of Business History, (Oxford, 2007), p.586
[2] South Western Gazette, September 1905, p.9
[3] South Western Gazette, December 1909, p.10
However, before the First World War the idea of railway employees attending universities to receive management training was not universally accepted within many companies'. Furthermore, this attitude was not restricted to the railways and Amdam argued that historians have almost unanimously concluded that within British industry generally there was a ‘skepticism towards business education within the both the academic and business community’.[1]
This scepticism towards was expressed frequently by LSWR clerks in the company's staff magazine, The South Western Gazette, which was largely written and edited by them. When Hilditch, the Waterloo Station Superintendent, retired in 1905, the piece announcing this stated that he had had ‘a good plain practical education, but he possessed, in addition, what universities have not yet been able to provide, namely, a shrewdness and capacity for sound common sense, a cool head and clear intellectual grasp.'[2] The anti-university feeling was reiterated in 1909 when another clerk, writing on the matter staff education, stated that ' I will dismiss the question of the London School of Economics by saying that “it is impossible to manage a railway by theory.” Indeed, he preferred an institute where individuals could learn 'practical' railway skills.[3]
The problem with this attitude was that it was what had created many of the problems railway management faced immediately after the late 1890s. Indeed, because many senior officials felt that good railway managers were born within the industry, not made outside it, and thus recruited the vast majority internally, companies' decision-makers were highly institutionalised within the practices and norms of the railways that employed them and the industry as a whole. Consequently, railways were unable to respond adequately to the challenges they faced as there was severe lack of innovation within them and few new ideas were being generated. This is what my PhD shows in the LSWR's case.
-----
[1]Amdam, Rolv Petter, ‘Business Education’, in Jones, Geoffrey and Zeitlin, Robert (eds.), The Oxford Handbook of Business History, (Oxford, 2007), p.586
[2] South Western Gazette, September 1905, p.9
[3] South Western Gazette, December 1909, p.10
Kamis, 25 Oktober 2012
Bank of Canada Overnight Rate
Earlier today, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable rate mortgages and lines of credit continue to remain low.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
The global economy has unfolded broadly as the Bank projected... “The economic expansion in the United States is progressing at a gradual pace. Europe is in recession and recent indicators point to a continued contraction. In China and other major emerging economies, growth has slowed somewhat more than expected, though there are signs of stabilization around current growth rates. Notwithstanding the slowdown in global economic activity, prices for oil and other commodities produced in Canada have, on average, increased in recent months. Global financial conditions have improved, supported by aggressive policy actions of major central banks, but sentiment remains fragile. In Canada, while global headwinds continue to restrain economic activity, domestic factors are supporting a moderate expansion”
The overall economic growth in Canada is expected to pick up and return to full capacity by the end of 2013. Based on this outlook, the bank has indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur sometime in 2013 but remember any increase to the prime rate since 1992 has only been by 0.25% at any ONE time, so you won’t see a large significant increase all at once.
Fixed rates have seen a slight dip sitting at around 2.98% - 3.09%! Still amazing rates for those looking to lock in.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.98 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Economic Highlights:
• Statistics Canada released new household balance sheet data this week that showed the household
debt-to-income ratio is 163%, well above the 152% previously reported. However, households are also richer than previously thought and other measures of indebtedness were improved.
• Overall, the economic backdrop in Canada has softened. On the back of weak manufacturing and a cooling housing market, Canadian real GDP growth is estimated to remain stuck at a sub-2.0% pace for a fourth consecutive quarter in Q3. Below trend economic growth has resulted in subdued inflation. The Bank of Canada’s core measure of inflation rose by just 1.3% year-over-year in September.
• The combination of soft inflation and economic growth is likely to keep the Bank of Canada rate increases on hold
through the first half of 2013. TD Canada Trust
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
The global economy has unfolded broadly as the Bank projected... “The economic expansion in the United States is progressing at a gradual pace. Europe is in recession and recent indicators point to a continued contraction. In China and other major emerging economies, growth has slowed somewhat more than expected, though there are signs of stabilization around current growth rates. Notwithstanding the slowdown in global economic activity, prices for oil and other commodities produced in Canada have, on average, increased in recent months. Global financial conditions have improved, supported by aggressive policy actions of major central banks, but sentiment remains fragile. In Canada, while global headwinds continue to restrain economic activity, domestic factors are supporting a moderate expansion”
The overall economic growth in Canada is expected to pick up and return to full capacity by the end of 2013. Based on this outlook, the bank has indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur sometime in 2013 but remember any increase to the prime rate since 1992 has only been by 0.25% at any ONE time, so you won’t see a large significant increase all at once.
Fixed rates have seen a slight dip sitting at around 2.98% - 3.09%! Still amazing rates for those looking to lock in.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer - Dreyer Group Mortgage Team
Your Mortgage Professionals
604 649-5991
1-800-687-9020
www.dreyergroup.ca
clientservices@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.98 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Economic Highlights:
• Statistics Canada released new household balance sheet data this week that showed the household
debt-to-income ratio is 163%, well above the 152% previously reported. However, households are also richer than previously thought and other measures of indebtedness were improved.
• Overall, the economic backdrop in Canada has softened. On the back of weak manufacturing and a cooling housing market, Canadian real GDP growth is estimated to remain stuck at a sub-2.0% pace for a fourth consecutive quarter in Q3. Below trend economic growth has resulted in subdued inflation. The Bank of Canada’s core measure of inflation rose by just 1.3% year-over-year in September.
• The combination of soft inflation and economic growth is likely to keep the Bank of Canada rate increases on hold
through the first half of 2013. TD Canada Trust
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Rabu, 24 Oktober 2012
Re-start
Dear Friends
I am looking to re-start the TurnipRail Blog soon - so keep your eyes peeled!
Best Wishes
David
I am looking to re-start the TurnipRail Blog soon - so keep your eyes peeled!
Best Wishes
David
Jumat, 14 September 2012
Get a instant mortgage rate quote online
If you want to know your lowest mortgage rate in an instant, try this great new tool Build A Mortgage instant rate quote tool. You choose your mortgage terms and needs and instantly you will be presented with your lowest mortgage rate. It’s really easy and only takes a minute to complete. What I really like about this tool is that it requires no credit checks or obligation and can hold your rate for up to 120 days if you choose. Everything today is instant gratification and expecting the lowest mortgage rate is no exception.
Selasa, 11 September 2012
Bank Of Canada
Bank of Canada Overnight Rate and Lines of Credit Regulations Changing Soon
Hope you all had a wonderful summer! Here is your personal update from me on the recent Bank of Canada Overnight Rate announcement
At 9:00 am EST, Wednesday September 5th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable mortgages or line of credit will not change and remains at 3.00%.
The overall economic growth in Canada is expected to pick up through 2013 and there are tentative signs of slowing in household spending which the Bank is in favour of. Based on this outlook, they have indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur in 2013, and it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally.
Fixed rates haven’t changed much either since the last announcement, maintaining at around 3.19% to 3.39% for a five year fixed term. Dreyer Group does have access to a 5 year fixed at 2.99% - so while variable rates are very low, many clients are choosing to lock in at this historically low fixed rate. If having a fixed payment is important to you, call my office so we can calculate what your new payment would look like and also if it is suitable for you. The next announcement on any change to the prime rate is October 23, 2012.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
“The economic expansion in the United States continues at a gradual pace. Europe is in recession and its crisis, while contained, remains acute. In China and other major emerging economies, growth is decelerating somewhat more quickly than expected from previously-rapid rates, reflecting past policy tightening, weaker external demand, and the challenges of rebalancing towards domestic sources of growth. Notwithstanding the slower global momentum, prices for oil and other commodities produced by Canada have, on average, increased since July. In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential.”
Lines of Credit Limits Changing Soon
On a side note, there are some mortgage legislation changes coming into effect in the fall which impact secured lines of credit. They will be limited to a maximum of 65% of the value of your property which is lower than the current maximum of 80%. Therefore if you are thinking of taking out some equity in your home and a line of credit is something you are considering, call me now so we can chat before the changes come into place and your options may diminish.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
More Rates
Email me now with the next person you know that needs financing
All rates quoted are on approved credit.
Watch a recent interview with Sr. Richard Branson who is certainly a mentor to follow and an inspiration for his work helping others. It’s a long video but well worth taking the time to watch. click here
Download Dreyer Group on Your Hand-held
Mortgage Payment Calculator
Income Qualifier
Purchase Finance Calculator
Get an Instant Hold and Quote for Your Client
Access Quick App to get your clients approval going
Blackberry and iPhone compatible.
Simply link here
Follow me on twitter
Follow my financial blog
Follow me on Facebook
Hope you all had a wonderful summer! Here is your personal update from me on the recent Bank of Canada Overnight Rate announcement
At 9:00 am EST, Wednesday September 5th, 2012, the Bank of Canada again did what we expected them to do… they maintained their overnight rate. What this means to you is that the prime rate on variable mortgages or line of credit will not change and remains at 3.00%.
The overall economic growth in Canada is expected to pick up through 2013 and there are tentative signs of slowing in household spending which the Bank is in favour of. Based on this outlook, they have indicated they are unlikely to increase their rate in the foreseeable future although very much dependent on the continued trend. A change is likely to occur in 2013, and it is expected to be gradual and controlled in line with economic recovery, both in Canada and globally.
Fixed rates haven’t changed much either since the last announcement, maintaining at around 3.19% to 3.39% for a five year fixed term. Dreyer Group does have access to a 5 year fixed at 2.99% - so while variable rates are very low, many clients are choosing to lock in at this historically low fixed rate. If having a fixed payment is important to you, call my office so we can calculate what your new payment would look like and also if it is suitable for you. The next announcement on any change to the prime rate is October 23, 2012.
Here is an excerpt of the announcement from the Bank of Canada and what they had to say about their decision:
“The economic expansion in the United States continues at a gradual pace. Europe is in recession and its crisis, while contained, remains acute. In China and other major emerging economies, growth is decelerating somewhat more quickly than expected from previously-rapid rates, reflecting past policy tightening, weaker external demand, and the challenges of rebalancing towards domestic sources of growth. Notwithstanding the slower global momentum, prices for oil and other commodities produced by Canada have, on average, increased since July. In Canada, while global headwinds continue to restrain economic activity, underlying momentum remains at a pace roughly in line with the economy’s production potential.”
Lines of Credit Limits Changing Soon
On a side note, there are some mortgage legislation changes coming into effect in the fall which impact secured lines of credit. They will be limited to a maximum of 65% of the value of your property which is lower than the current maximum of 80%. Therefore if you are thinking of taking out some equity in your home and a line of credit is something you are considering, call me now so we can chat before the changes come into place and your options may diminish.
Help Us Help Your Colleagues, Family and Friends
I wonder if I can ask a favour – rates are still so low right now and so it is a great time for first time homebuyers, buying an investment property or consider refinancing especially as I can hold rates for up to six months, if you know of someone that is looking for advice on their mortgage options, with no obligation, would you mind passing my contact information on to them – this is very much appreciated. We build our business from introduction from great clients like you!
Warm Regards,
Jared Dreyer
Your Mortgage Professional
604 649-5991
www.dreyergroup.ca
jared@dreyergroup.ca
________________________________________
About Dreyer Group Smiles
Dreyer Group Smiles is a program dedicated to giving to facilities that provide safe and transitional housing to children and youth in the Fraser Valley of British Columbia. By providing funds to these programs, Dreyer Group will make a meaningful difference to kids who otherwise may not have a roof over their heads, or hope for a bright future.
Dreyer Group hopes to expand this effort through their clients and business partners. In addition, they plan to raise additional funds through annual events and corporate fundraising initiatives. Dreyer Group is working closely with the Salvation Army to allocate these funds to the children and shelters.
About Dreyer Group Mortgages, A Member of the VERICO Brokers Network
As a senior mortgage consulting team with extensive experience in the financial services industry and thousands of happy clients throughout the Lower Mainland, we understand what it takes to build long-term relationships through service and expertise. As an independent brokerage, we are not restricted to one financial institutions mortgage options. We provide the best range of financing solutions by accessing over 40 lenders and hundreds of products coast-to-coast.
Each VERICO member is an independently owned and operated business.
Copywrite © 2008
REFINANCING RATES or
NEW HOME PURCHASE
2.99 % 5 Year Fixed Rate
3.89% 10 Year Fixed Rate
LIMITED TIME - SPECIAL CONDITIONS APPLY - CALL 604 536-3802 to Book
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All rates quoted are on approved credit.
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