Latest News

New Markets Opening Up To Canadian Businesses

posted by The Mortgage Associates    |   February 17, 2015 09:17

New markets opening up to Canadian businesses

Article by Scott Larson, The StarPhoenix, February 10, 2015

"Many Saskatchewan businesses have a chance to expand their opportunities by exporting to new markets; they just don't know how to do it.

"The U.S. will always be our No. 1 trading partner, but the growth opportunities are beyond North America," said Ed Fast, Minister of International Trade.

Fast, who was in Saskatoon recently and is currently leading a five-day trade mission to South Korea, said there is lack of awareness among small and mediumsized businesses of the tools that federal and other levels of government can provide to help them succeed in exporting."

To read the full article, please click here.

City's economy "very strong" & debt burden "very low": Report

posted by The Mortgage Associates    |   February 10, 2015 08:38

City's economy "very strong" & debt reduction "very low" : Report

News Release, City of Saskatoon, February 9, 2015

"The Standing Policy Committee on Finance today received a report reaffirming the City’s AAA/Stable Outlook credit rating. The report also includes some key factors international bond rating agency Standard & Poor’s (S & P) applies to award such a rating.

The Administration addressed questions from the committee about whether S & P had cautioned the City in its rating report.

“Our citizens need to know this is a very positive piece of news,” says Chief Financial Officer Kerry Tarasoff. “Despite a perception S & P may have cautioned the City over its debt load, the agency has not issued any warning.”

“We have a triple-A rating with a stable outlook which is a fantastic achievement and consistent with our past ratings,” Tarasoff says.

The report outlines S & P’s Ratings Score Snapshot in which the bond raters say Saskatoon has a very strong economy, very strong budgetary flexibility, strong budgetary performance, strong financial management, “exceptional” liquidity with a debt burden rating of “very low.”"

Click here to view the full News Release.

Rate Wars In The Broker Channel

posted by The Mortgage Associates    |   February 9, 2015 09:20

Rate Wars in the Broker Channel

Article yMarkKerzner, Special to CMT, February 6, 2015

"Competition in the mortgage origination market has benefited consumers, full stop.

Two years ago I wrote this column. It provided evidence that a strong broker channel keeps lenders competitive, thereby benefiting consumers. The same holds true today.

While broker share is approximately 30% of the total market, it operates as a check on the system, forcing all channels (including branch and mortgage sales force reps) to sharpen their pencils."

To read the full article please click here.

Saskatchewan's Diversified Economy

posted by The Mortgage Associates    |   February 6, 2015 08:32

Will the Bank of Canada slash interest rates to the bone?

posted by The Mortgage Associates    |   February 5, 2015 08:50

Will the Bank of Canada slash interest rates to the bone?

Article by Michael Babad, The Globe and Mail, February 3, 2015

"A big question in the markets is where the Bank of Canada goes next.

And at least one forecaster believes it will cut right to the bone.

In a new projection today, HSBC Bank PLC predicts the central bank will trim its benchmark rate again in the current quarter to 0.5 per cent, and then again in the second quarter of the year to just 0.25 per cent.

It was just last week that Bank of Canada Governor Stephen Poloz and his colleagues surprised the markets with a cut of one-quarter of a percentage point to 0.75 per cent, fuelling speculation that they could move again.

Indeed, Mr. Poloz, calling the cut an “insurance policy” amid the oil slump, said he was prepared to act further if need be.

David Watt, HSBC’s chief economist in Canada, said the central bank will in fact have to “remain cautious” for the rest of the year.

“The Canadian economy is going to be vulnerable through the first half of this year,” he added."

To read the full article, please click here.

Shawna is so friendly and warm hearted

posted by The Mortgage Associates    |   February 4, 2015 08:21

Shawna MacDonald"Even though I hadn't met Shawna before, I felt that I could chat with her about anything.  She is so friendly and warm hearted.  Thank you so much for helping us get our new home!"

Samantha & Darrel Beausoleil, January 2015