PREMIERE MORTGAGE CENTER INC.
COMMERCIAL AND RESIDENTIAL
227 GRAFTON STREET, CHARLOTTETOWN, PE C1A 1L2
CALL (902) 978-1777
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Offering a full range of Commercial and Residential Mortgages and Private Equity at some of the best rates in the country. Purchase Financing, Purchase Plus Improvements, Refinancing, Debt Consolidation and much more on a wide range of properties and businesses across Prince Edward Island and throughout Atlantic Canada.
For all your Commercial and Business Financing requirements; whether you are buying or refinancing your business, rental income properties or your personal home we have the right mortgage solution for you.
BUYING A BUSINESS?
Our Commercial Team has over 20+ years of commercial real estate, business brokerage and financing experience to assist you in all aspects of your financing needs.
Ask us about our full line of commercial lending and transaction services. Our Commercial Team understands Lenders appetites for your project, the 'wheeel house' in which the Lenders prefer and the continually changeing commercial policies and procedures to ensure you the right lending partner for your project.
Every commercial project requires a professional, accurate and customised loans package made to 'fit the box' of the lender, to not only meet, but exceed your funding requirements.
Make us part of your Team today! Phone: (902) 978 1777
MULTI-FAMILY RESIDENTIAL APARTMENTS (5 units and up)
COMMERCIAL RENTAL PROPERTIES
CARE HOMES AND NURSING HOMES
SMALL To MEDIUM BUSINESS (Purchase and Start-Ups.)
AGRICULTURE or AQUACULTURE
MANUFACTURING and/or PROCESSING
LAND DEVELOPMENT and/or CONSTRUCTION
SERVICE TYPE AND FRANCHISE BUSINESS
And many more...
What is a PRIVATE EQUITY Mortgage? A great solution for Construction, Land developement or 'Bruised Credit'....
Do you have poor credit, no credit or situations such as CRA liens, bankruptcy, credit proposals or other similar issues you feel are deterring you from moving forward with a project or mortgage financing? We can help.
Feel free to contact us for a Private Equity loan/mortgage that can be a great solution, for you.
PHONE: (902) 978-1777
BUYING A HOME?
At Premiere Mortgage Centre, you come to the professionals who work for you, we review and advise you of the best personalized mortgage solution to suit your needs, offer you the best rates and terms, then broker your mortgage to ALL the lenders in Canada who bid for your business, providing the best personalized mortgage solution for you.
One-stop mortgage brokering, at NO COST TO YOU!
At Premiere Mortgage your.... APPROVED!
NEWCOMERS TO CANADA, click here for more information...
Phone: (902) 978-1777
PURCHASE - REFINANCE - DEBT CONSOLIDATION and much more...
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.
For more details on personalized mortgage solutions please visit our Corporate web site at:ChoosePremiere.com
BLOG / NEWS Updates
CREA Updates Resale Housing Market Forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds.
The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the pull-forward of sales activity to result in fewer transactions in the first half of 2018.
Evidence suggests the policy response was stronger than expected, with seasonally adjusted national home sales last December having surged to the highest level ever recorded before dropping sharply in early 2018.
Actual (not seasonally adjusted) national sales figures for March, April and May are typically among the most active months in any given year. Combined sales fell to a nine-year low for the three-month period. The seasonally adjusted trend suggests sales momentum has not yet begun to rally.
Interest rates are widely expected to rise further this year and next. Home sales activity is nonetheless still expected to strengthen modestly in the second half of 2018 as housing market uncertainty diminishes.
Taking these factors into account, the national sales forecast has been revised downward and is now projected to decline by 11% to 459,900 units this year. The decrease almost entirely reflects weaker sales in B.C. and Ontario amid heightened housing market uncertainty, provincial policy measures, high home prices, ongoing supply shortages and this years new mortgage stress test.
Bank of Canada maintains overnight rate target at 1¼ per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent.
Global economic activity remains broadly on track with the Banks April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the outlook for the US economy. At the same time, ongoing uncertainty about trade policies is dampening global business investment and stresses are developing in some emerging market economies. Global oil prices have been higher than assumed in April, in part reflecting geopolitical developments.
Inflation in Canada has been close to the 2 per cent target and will likely be a bit higher in the near term than forecast in April, largely because of recent increases in gasoline prices. Core measures of inflation remain near 2 per cent, consistent with an economy operating close to potential. As usual, the Bank will look through the transitory impact of fluctuations in gasoline prices.
In Canada, economic data since the April MPR have, on balance, supported the Banks outlook for growth around 2 per cent in the first half of 2018. Activity in the first quarter appears to have been a little stronger than projected. Exports of goods were more robust than forecast, and data on imports of machinery and equipment suggest continued recovery in investment. Housing resale activity has remained soft into the second quarter, as the housing market continues to adjust to new mortgage guidelines and higher borrowing rates. Going forward, solid labour income growth supports the expectation that housing activity will pick up and consumption will continue to contribute importantly to growth in 2018.