All posts for the month July, 2015

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Income Property

Canada’s big banks have all cut their prime lending rates following the announcement that the central bank had lowered its benchmark interest rate to 0.5 per cent.

It was the second time this year the Bank of Canada had dropped the rate to stimulate the economy, after holding the rate steady for about four years.

The bank is now forecasting a rebound later in the year, but a small one: 1.1 per cent growth in GDP for all of 2015. As recently as April, the bank was expecting 1.9 per cent growth this year.

What is this mean for home buyer? More chances to qualify for mortgage financing.

For Home Investors:

Thinking of paying off your mortgage in 10 years? Perhaps paying for your children education in full? Or maybe building for additional wealth for retirement?

The answer to this questions may be: BUY AN INVESTMENT PROPERTY

Let us show you how you can take advantage of the equity of your home to acquire an investment property without having to change your finances.

Contact Us For More Information “How To Acquire A Secondary Investment Property” using your home equity.