Can a Strong Economy Help You Get a Better Mortgage Deal
The Canadian economy is slipping. In fact, we may see our first quarterly economic contraction since the second quarter of 2011. But before you stock up on canned beans, this isn’t all bad. It could mean that lower variable rates are on the horizon. It won’t happen immediately, but we doubt this is the lowest […]
Easy Ways to Get Your Home Loan Faster
As of September 1st, MorCan Direct has joined Cannect. Here’s the million-dollar question What does that mean for you? It means the same sound, unbiased, expert mortgage advice you’ve come to expect from us over the last 16 years, now on an amazing new online platform offering even more services that will help Canadians secure […]
Did you know Higher Interest Rates Mean More Profit – Here is the 6 reason to Invest – Cannect MIC
The Cannect Mortgage Investment Corporation is a great investment during a period of inflation and rising interest rates. When interest rates drop, borrowers break their mortgage to access more capital. This is exactly what they did in 2020. Now interest rates are much, much higher! If these borrowers need to access more capital, do they really want to break […]
Is the Bank of Canada’s policy costing you more?
On June 7th, the Bank of Canada increased the target lending rate by 0.25%, bringing it to 4.75%. That is an increase of 4.5% over a 15 month period. If you got a variable rate mortgage in 2020 or 2021, you may find yourself struggling to budget the increases to your payment. Locking into a fixed rate will […]
Deficit has soared ahead of March 22 Budget, Bill Morneau says
On Monday February 22, 2016 CBC News posted an article about the Liberal government forecasting greater than expected deficits for the next two years. Susana Mas, CBC News – The Liberal government is now forecasting larger than expected deficits for the next two years even before adding billions in promised spending in its first budget, which […]
Federal Reserve Hikes Interest Rates for the First Time Since 2006
On Tuesday December 16, 2015 CBC News posted an article about the Federal Reserve’s hike in interest rates for the first time since 2006. Pete Evans, CBC News – The U.S. central bank began raising interest rates today from record lows, as it hiked its benchmark rate by a quarter of a percentage point. The Federal […]
Fall Update from Cannect Invest
Dear Partners: Cannect Mortgage Investment Corporation’s annualized return for the month was 7.25%. In other terms, we returned 0.604% for the month, and year to date, the Corporation has returned 6.14%. The Corporation’s portfolio of mortgages continues to perform in line with our expectations. Most importantly, we have seen no evidence of new impairments in […]
Everyone has a plan. Until they get punched in the face.
On September 4th the Bank of Canada will be meeting. At that meeting, they will share with us their thoughts about the Canadian economy. As of writing this post the implied odds of a rate drop on Sept 4th is 20%, the odds that rates will be lower by at least 25bps for Christmas are […]
Earn Profit On First Day of Investment – Here is the 3 Important reason why you Invest with Cannect
Embarking on an investment journey with the Cannect of earning from day one is an enticing proposition. While traditional wisdom often advocates patience for long-term gains, there are strategic approaches that can yield immediate returns. In this article, we’ll explore actionable strategies to help you start earning profits right from the day you make your […]
Don’t Stress your Finances this Winter
It has definitely been a long winter thus far. As the calendar shifts to February, it would be easy to understand why Canadians might be stressed out. The Omicron variant has hit us pretty hard and has forced a ton of us away from our loved ones once again. We also had one of the largest […]
