Perch | Mortgages, simplified

From BetaKit: While the predicted housing market correction is underway, what has drawn many of these tech companies to the space is a longstanding lack of digital transformation and difficulty for first-time home buyers to enter the market. “Perch is on a mission to simplify homeownership,” said Leduc. “We enable first-time home buyers to get into the market sooner and help homeowners to build wealth efficiently by leveraging home equity.” ➡️ More: https://lnkd.in/g3NV5mg4 #cdntech #proptechnews #mortgagenews

We are excited to be partnered with Expedier and help newcomers to Canada navigate the path to homeownership! Expedier Global Money App | Google For Startups ‘23 | Top 12 Fintech by Platform Calgary ‘23

The Bank of Canada announced this morning that they will be maintaining the policy rate at 5.00% and continue quantitative tightening. Read the full story: https://bit.ly/3xp27GY

📣 The April Monthly Mortgage Outlook by our Head of Mortgage Advisory Ali Hussin is now live! ✍ Key Takeaways: - The Bank of Canada has paused rate hikes for the time being, with the next announcement scheduled for April 10th. - For the month of April, we anticipate fixed rates will continue to drop and variable rates will remain the same. - Today’s best mortgage rates are 4.74% for 5-year fixed and 6.10% for 5-year variable. The market currently expects two 0.25% cuts to occur in the second half of this year and cumulative cuts of 2% by the end of 2026. https://bit.ly/4a8QZwt #interestrates #mortgage #outlook #bankofcanada #realestate

📢 Did you know that the CRA recently announced new filing requirements for trusts? Read our latest blog to learn about the latest trust reporting tax requirements impacting everyday Canadians this year. ➡️ Read: https://bit.ly/492RvuB #taxseason #taxfiling #mortgages

Read our March Mortgage Outlook 👇 Key Takeaways: - For the month of March, we anticipate fixed rates will continue to drop and variable rates will remain the same. - Today’s best mortgage rates are 4.79% for 5-year fixed and 6.00% for 5-year variable. - Expect rate cuts to begin in the second half of 2024 at a pace of roughly 0.25% per quarter into 2026. Cumulative rate cuts of 2% are still expected between mid-2024 and the end of 2026.  - Inflation has been stickier than expected in the last few months, which has tempered expectations of earlier rate cuts. #interestrates #mortgage #outlook #bankofcanada #realestate https://bit.ly/3wDQBav

Thank you to our 4000+ followers on LinkedIn!! If you haven't created your free account with Perch there is no better time! Simplify your mortgage experience and get access to the lowest rates in Canada that could save you thousands 🤑 each year. https://lnkd.in/gEgiinpH

📣 The February Monthly Mortgage Outlook is out! Key Takeaways: - The Bank of Canada has decided to hold their policy rate at 5.00%, with the next announcement scheduled for March 6th. - In February, we anticipate fixed rates will drop and variable rates will remain the same. - Rate cuts have been pushed out a quarter in 2024 and the long-term interest rate has risen by roughly 0.50% (meaning 2 less cuts than previously expected). This seems to be mainly driven by inflation in December that was higher than expected.  - Borrowers should still see over 1.75% in rate cuts by end of 2025, which will be highly anticipated by the bulk of mortgages maturing in 2025/2026. - Today’s most competitive mortgage rates stand at 4.94% for a 5-year fixed term and 6.00% for a 5-year variable term. #interestrates #mortgage #outlook #bankofcanada #realestate https://bit.ly/4biWOZb

Read our new blog post about the Bank of Canada rate announcement: 👇 https://lnkd.in/gQyjtuSz

The Bank of Canada announced this morning that they will be maintaining the policy rate at 5.00% and continue quantitative tightening. Read the full story: https://lnkd.in/gQyjtuSz