Tag: Interest Rates

Guarantor versus Co-Signing:  What’s the Difference?
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Guarantor versus Co-Signing: What’s the Difference?

Securing a mortgage in today’s market can be more complex than it used to be. With interest rate increases and rising purchase prices, getting a mortgage can present some obstacles to overcome. Even with a stable salary and good standing credit, some clients still need to engage a guarantor or a co-signer to get pre-approved […]

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Bank of Canada Announcement April 12 2023
Featured, Gail's Vlogs

Bank of Canada Announcement April 12 2023

We have great news to share! The Bank of Canada didn’t make any changes to the rates in the announcement today. What does this mean? Based on today’s announcement, this means there will be no immediate changes to your mortgage. If you want to chat about your particular mortgage, book a time with me at […]

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How to Achieve Positive Money Mindset for 2023
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How to Achieve Positive Money Mindset for 2023

Your money mindset and relationship to money will significantly influence your financial decisions. The goal at Gail Sylvester Mortgages is always to make sure you sleep well at night by making calculated decisions that get you one step closer to your financial goals. If your financial decisions and payments are keeping you up, it is […]

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Holiday Spending: How to Budget AND Enjoy the Season
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Holiday Spending: How to Budget AND Enjoy the Season

During the holiday season, it is tempting to throw caution to the wind and spend money on gifts, gatherings, and entertainment with the I’ll deal with it in January attitude. Spending without a budget can be fun in the moment, but when January rolls around and the bills start to come in, it can be […]

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Bank of Canada Announcement Oct 26 2022
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Bank of Canada Announcement Oct 26 2022

The Bank of Canada raised its key lending rate by 0.50% today. This is the 6th consecutive increase by the Bank of Canada and means most lenders will raise their prime rate to 5.95% This is an increase of $26 for every $100,000 of your mortgage. We are in unprecedented times with persistent inflation that […]

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