AGENT LICENSE ID
160000444
BROKERAGE LICENSE ID
ON: 10317 -NB 160000437
Pamela Nierlich
Mortgage Broker
Office:
Phone:
Address:
927 Prospect St, Fredericton, New Brunswick
BROWSE
PARTNERS
Home Financing 101 - The things they don't teach you in school.
Where outlining your financial future is as simple as drawing on a chalk board.
Call to book your one on one, a class where there are no stupid questions.
You will learn: what you need to qualify, how much it will cost
and the dynamics of how a mortgage works.
Don't make such an important decision without the education.
Call me for today's unpublished rate specials.
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BLOG / NEWS Updates
Lowest Interest Rates
You know the old saying You get what you pay for? Well it is so true in the mortgage industry as well. Those ads you see promoting 60 second mortgage approvals are not worth a damn and some of the low, low interest rates being promoted come with some pretty tight hand cuffs. Life can throw at us some pretty big curves and I firmly believe that you need to build as much flexibility into your financial plan as possible. Not all mortgages are equal, while you might get a very low interest rate out of the gate how many thousands of dollars will it cost you down the road. You need an advocate in todays mortgage market, dont go it alone. Pam Nierlich
Unemployment rate unchanged in October
Following two consecutive months of growth, employment held steady in October. The unemployment rate was unchanged at 5.5%.
On a year-over-year basis, employment grew by 443,000 or 2.4%, driven by gains in full-time work. Over the same period, total hours worked were up 1.3%.
In October, employment increased in British Columbia and Newfoundland and Labrador, and was little changed in the other provinces.
Employment was down for men in the core working ages of 25 to 54, and grew for the population aged 55 and over.
Employment declined in manufacturing and construction. At the same time, employment was up in public administration and in finance, insurance, real estate, rental and leasing.
The number of self-employed workers decreased, while the number of employees in the public sector increased for the second consecutive month.
Canada: Household Credit Growth Continues To Climb in September
CANADIANS BORROWING HAND OVER FIST
Total Canadian household credit growth continued to accelerate in September, reaching a pace last seen in mid-2018. Despite a slight deceleration from the previous month to 4.3% at a seasonally adjusted annualized rate (m/m saar), trend growth remains at elevated levels. Both mortgage and consumer credit growth contributed to the 68 bps slowdown from the prior month (46 bps and 22 bps, respectively), but borrowing conditions remain favourable overall with trend growth still in strongly positive territory.
RESIDENTIAL MORTGAGE CREDIT EXPANSION CONTINUES ITS ASCENT
Residential mortgage credit growth continued on its upward trajectory in September supported by favourable borrowing conditions and strong labour markets. Mortgage loan growth accelerated by 4.9% m/m saar in September, pushing the year-on-year trend growth rate to 4.2% y/ythe fastest pace since mid-2018, marking a well-pronounced recovery in the mortgage-borrowing market.
Canadas real estate market looks to be rebounding following a turbulent couple of years due to various policy announcements from 2017 to 2018 designed to cool the market. Mortgage borrowing has picked up through the second half of 2019 with the uptick in demand following a reduction in the mortgage qualifying rate in July and a decline in 5-year mortgage rates. With the Bank of Canada under pressure to continue to provide a stimulative environment following sustained levels of uncertainty, residential mortgage credit growth is expected to remain supported in the foreseeable-future.
Strength in Canadian labour markets has also been conducive to a favourable borrowing environment. Septembers surge in job gains contributed to a fall in the unemployment rate to 5.5%.
Source: Scotiabank
