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Ned Kuruc | 91 King St E Stoney Creek, ON L8G 1K9
ned@nedkuruc.com
+1 365 336 6333

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Interest rates have gone up , what does that mean

Interest rates have gone up , what does that mean for you? #mortgage #realestate #mortgageagent #privatemortgages #mortgagebroker #mortgagetips #hamilton #gta #toronto

🎊HAPPY CANADA DAY🎉

🎊HAPPY CANADA DAY🎉

Need a quick home equity loan?

Need a quick home equity loan?

Bank said no? I can help!

Bank said no? I can help!

I can help! Call or DM me #mortgage #mortgageage

I can help! Call or DM me

#mortgage #mortgageagent #privatelending #hamiltonontario #stoneycreekontario

The Bank of Canada has raised its overnight rate t

The Bank of Canada has raised its overnight rate to 1.00%

The Bank of Canada announced today that it has raised the overnight rate by .50% to 1.00%, to curb rising inflation due to "Russia’s ongoing invasion of Ukraine which is causing unimaginable human suffering and new economic uncertainty. Price spikes in oil, natural gas and other commodities are adding to inflation around the world. Supply disruptions resulting from the war are also exacerbating ongoing supply constraints and weighing on activity. These factors are the primary drivers of a substantial upward revision to the Bank’s outlook for inflation in Canada.” Bank of Canada will attempt to stay clear of triggering stagflation which is quite possible if interest rates rise too quickly. Bank of Canada understands it needs to strike a balance between curbing inflation, sustaining Canada’s economic growth and monitoring the pressure levied against indebted households. Canada's surging inflation rate moved to a 30-year high of 5.7% recently, driven by high gas prices, soaring housing and rising food prices and this is well above the Bank of Canada’s target rate of 2% that it had hoped to maintain.

Expect more rate hikes throughout 2022 from the Bank of Canada.

The next rate-setting day is June 1, 2022.

Now is the time to get in touch for a review of your mortgage strategy. It's important to get advice and a professional assessment of your situation if you want to switch your mortgage for a new rate, need a new mortgage, are renewing, or looking to refinance for debt consolidation, renovations, or other large expenditures.

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Instagram post 17912459591303221

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Instagram post 17901195683465296

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Instagram post 17943265537764660

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Instagram post 17920836044128906

Happy International Womans day!

Happy International Womans day!

Have the banks said no? Gimmi a call and lets talk

Have the banks said no? Gimmi a call and lets talk!

Need a equity loan to take care of some bills or d

Need a equity loan to take care of some bills or do some renovations? Call me and lets talk!

Bank says no? Call me I can help!

Bank says no? Call me I can help!

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Instagram post 17908007852218985

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