Craig  Gaskin

Craig Gaskin


HomeLife Benchmark Realty Corp.

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Craig Gaskin's blog

Accumulating the Down Payment!

Hello Internet People!

I hope you're all doing well and enjoying the nice weather.  One of the biggest challenges to becoming a homeowner these days is accumulating the down payment. Do you know all of these are potential sources of down payment?

Bank of Canada increases its benchmark interest rate to 2.50%

Bank of Canada increases its benchmark interest rate to 2.50%

Today, the Bank of Canada increased its overnight benchmark interest rate 100 basis points to 2.50% from 1.50% in June – the largest single increase in almost 25 years. This is also the fourth time this year that the Bank has acted to tighten money supply to combat the possibility of an entrenched inflationary cycle, although previous moves were much smaller (0.25% in March and 0.50% in each of April and June).   

What's Happening with Interest Rates Today!

What's happening this Wed. July 13th, 2022?

It is widely anticipated that the Bank of Canada will increase its key overnight lending rate by 0.75% this Wednesday July 13th (from 1.50% to 2.25%). The Bank of Canada's key overnight rate is the rate which it charges retails banks (ie. TD, Scotia, BMO, RBC) for loans.  Retails banks also use the key overnight rate when lending money to each other.  Think of it as the wholesale rate.

What impact will it have on consumers?

Reduce Moving Stress with These Tips From a Professional

We all know that moving can be one of the most stressful times. And while I am a firm supporter of moving, by trade, I understand that the process itself can be overwhelming for some. Even those of us that feel that we purge regularly and keep household items organized and live a minimalist lifestyle can be surprised at the amount of 'stuff' accumulated when it comes time to pack it and move it. Personally, I blame my family, they are an untamed group of hoarders who work behind the scenes to hide things from me - but that's for another blog.

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