PREMIERE MORTGAGE CENTER
227 GRAFTON STREET CHARLOTTETOWN, PE C1A 1L2
TOLL FREE: 1.888.808.6088
PEI-Local Please Call: (902) 394-6334
EMAIL US TODAY (Click here)
COMMERCIAL - RESIDENTIAL - NEWCOMERS - PRIVATE EQUITY
Offering a full range of mortgages and loans at some of the best rates in the Canada on a wide range of homes and businesses across Prince Edward Island and throughout Atlantic Canada.
For all your Commercial, Business and Residential Mortgage Financing requirements; whether you are buying or refinancing your business, apartments, commercial rental properties or your personal home we have the right mortgage solution for you.
Our Mortgage Team has over 20+ years of commercial, business and residential mortgage experience to assist you in all aspects of your mortgage and business financing needs.
Our Team understands the continually changeing lender policies and procedures in Canada to provide you with a customized solution, that is right for you.
Our Premiere Mortgage Team works for you the customer to not only meet, but exceed your expectations.
Make us part of your Dream today! PEI-Local Please Call: (902) 394-6334
COMMERCIAL - BUSINESS
Just a few examples of the industry sectors we service...
APARTMENTS - RENTAL PROPERTIES
SENIORS - COMMUNITY CARE HOMES AND NURSING HOMES
SMALL To MEDIUM SIZE BUSINESS
AGRICULTURE or AQUACULTURE
MANUFACTURING - PROCESSING
LAND DEVELOPMENT - CONSTRUCTION
And many more...
Premiere 'Mandarin Speaking' Clients (Click Here)
Facilitating Mortgages for Newcomers to PEI - Canada.
Premiere partner-insured home mortgage for as little as 5% cash down. Ask us about insured and non-insured Newcomer programs, tailored to meet your needs. Under Insured Newcomer Program income confirmation is required.
- Best Interest Rates In Canada
- QUICK APPROVAL
Newcomers to Canada play an increasing role in Canada’s future population growth, creating new market opportunities. Premiere partners-insured mortgage financing is available to borrowers with permanent, temporary and non-permanent residence status, helping newcomers to realize their dream of homeownership in Canada.
At Premiere Mortgage your.... APPROVED!
BUYING OR REFINANCING YOUR HOME?
(Click here for more information)
Single Family Homes
Multi-Family Residential Apartments
...and so much more.
Our team brings many years of experience and expertise in lending services to provide our valued clients with the best possible loans package, customized for them.
As a client, you can be confident in knowing that you are receiving credible, reliable advice and expertise. The biggest strength of our team at Premiere Mortgage is that we are driven by offering fantastic service and a positive experience on a consistent basis to all of our clients.
With our Team, Premiere Mortgage customers experience utlimate care and professionalism.
BLOG / NEWS Updates
Canadian Income Survey, 2016
Canadian families and unattached individuals had a median after-tax income of $57,000 in 2016. Median after-tax income increased from 2011 to 2014, but held steady in 2015 and 2016. The slower growth in 2015 and 2016 was associated with the resource price slowdown, which began in the second half of 2014.
After-tax income is comprised of income from market sources and government transfers. Market income includes employment income, retirement income and income from investments, while government transfers include benefits to seniors, child benefits,
Employment Insurance benefits, social assistance and other benefits. While growth in overall median after-tax income slowed in 2015 and 2016, there was also a significant increase in government transfer income. Median income from government transfers rose from $5,800 in 2014 to $7,400 in 2016. About half of this rise was due to increased child benefits, which became a larger source of income for families with children.
In 2014, the median child benefit received by couple families with children were $2,500. This rose to $3,400 in 2015, and to $4,000 in 2016. For a lone-parent family, the median benefits rose from $5,100 in 2014 to $5,800 in 2015, and then to $6,400 in 2016.
Bank of Canada maintains overnight rate target at 1 1/4 per cent
The Bank of Canada today maintained its target for the overnight rate at 1 1/4 per cent. The Bank Rate is correspondingly 1 1/2 per cent and the deposit rate is 1 per cent. Global growth remains solid and broad-based. In the United States, new government spending and previously-announced tax cuts are anticipated to boost growth in 2018 and 2019. However, trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks.
In Canada, the national accounts data show that the economy grew by 3 per cent in 2017, bringing the level of real GDP in line with the projection in the Banks January MonetaryPolicy Report (MPR). In the fourth quarter, GDP growth was slower than expected, largely due to higher imports, while exports made only a partial recovery from their third-quarter decline. The gain in imports mainly reflected stronger business investment, which adds to the economys capacity.
Strong housing data in late 2017, and softer data at the beginning of this year, indicate some pulling forward of demand ahead of new mortgage guidelines and other policy measures. It will take some time to fully assess the impact of these, as well as recently announced provincial measures, on housing demand and prices. More broadly, the Bank continues to monitor the economys sensitivity to higher interest rates. Notably, household credit growth has decelerated for three consecutive months. The implications of the recent federal budget for the outlook for growth and inflation will be incorporated in the Banks April projection.
Inflation is running close to the 2 per cent target and the Banks core measures of inflation have edged up, consistent with an economy operating near capacity. Wage growth has firmed, but remains lower than would be typical in an economy with no labour market slack. Inflation is fluctuating because of temporary factors related to gasoline, electricity, and minimum wages.
In this context, Governing Council maintained the target for the overnight rate at 1 1/4 per cent. While the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be needed to keep the economy operating close to potential and inflation on target. Governing Council will remain cautious in considering future policy adjustments, guided by incoming data in assessing the economys sensitivity to interest rates, the evolution of economic capacity, and the dynamics of both wage growth and inflation.