THE MACPHERSON GROUP
YOUR MORTGAGE - YOUR REAL ESTATE - YOUR TERMS
COMMERCIAL - REAL ESTATE INVESTMENT
77 GRAFTON STREET CHARLOTTETOWN, PE C1A 1K8
Please Call: (902) 394-6334
Contact Us Today for Daily Rate Specials, Lender Promotions and Investment Opportunities
Offering a full range of mortgages and loans at some of the best rates in the Canada on a wide range of homes, commercial investment properties and well-established and profitable businesses across Prince Edward Island and throughout Atlantic Canada.
For all your Commercial, Business and Multi-Family 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 and real estate 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.
Call: (902) 394-6334
COMMERCIAL - BUSINESS
Just a few examples of the industry sectors we service...
COTTAGE BUSINESS - MOTELS - HOTELS - CAMPGROUNDS
MULTI-FAMILY RESIDENTIAL APARTMENTS - RENTAL PROPERTIES
LAND DEVELOPMENT - CONSTRUCTION - LINES OF CREDIT
MERGERS AND ACQUISITIONS
SENIORS - COMMUNITY CARE HOMES AND NURSING HOMES
SMALL To MEDIUM SIZE ENTERPRISES (SME'S) - BUSINESS LOANS
AGRICULTURE or AQUACULTURE
MANUFACTURING - PROCESSING
And many more...
THE RIGHT MORTGAGE AND CONSTRUCTION LOAN SOLUTIONS, tailored for... You!
BUYING OR REFINANCING A RENTAL PROPERTY?
Single Family Homes
Semi-Detached - Duplex 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 The MacPherson 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, at The MacPherson Group our customers experience utlimate care and professionalism.
BLOG / NEWS Updates
Home affordability improved in Q2 2020
Housing affordability in Canadas large urban centres improved in the second quarter of 2020 after having deteriorated in the two prior quarters. Higher incomes helped in Q2 but the largest portion of the improvement came in the form of lower interest rates. Indeed, the latter declined 19 basis points in the quarter, reflecting the easing from the central bank. Combined, income and mortgage rates were more than enough to offset the increase in home prices. Still, the decline in interest rates on a quarterly average basis does not completely reflect the change in 5-year mortgage rates since the beginning of the COVID-19 pandemic. The February to June decline in mortgage interest rates was a much more significant 41 basis points. Looking ahead, the preliminary data for rates shows additional improvements in the third quarter of the year (cumulatively they are down over 70 bps). While we expect this to help affordability, home prices should remain resilient based on the latest resale market data showing record sales volumes. Homebuyers have rushed back to the market after having delayed purchases and are now being offered record-low interest rates. Once pent-up demand is exhausted, the Canadian housing market will still have to face high levels of unemployment and reduced household formation due to lower immigration.
Bank of Canada maintains commitment to current level of policy rate, continues program of quantitative easing
The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent. The Bank Rate is correspondingly percent and the deposit rate is percent. The Bank is also continuing its quantitative easing (QE) program, with large-scale asset purchases of at least $5 billion per week of Government of Canada bonds.
Both the global and Canadian economies are evolving broadly in line with the scenario in the July Monetary Policy Report (MPR), with activity bouncing back as countries lift containment measures. The Bank continues to expect this strong reopening phase to be followed by a protracted and uneven recuperation phase, which will be heavily reliant on policy support. The pace of the recovery remains highly dependent on the path of the COVID-19 pandemic and the evolution of social distancing measures required to contain its spread.
The rebound in the United States has been stronger than expected, while economic performance among emerging markets has been more mixed. Global financial conditions have remained accommodative. Although prices for some commodities have firmed, oil prices remain weak.
In Canada, real GDP fell by 11.5 percent (39 percent annualized) in the second quarter, resulting in a decline of just over 13 percent in the first half of the year, largely in line with the Banks July MPR central scenario. All components of aggregate demand weakened, as expected.