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| Let's work together to help our clients make real financial progress. | View our BMO Home Financing Referral video
for more information on our referral program.
To refer a client to us, visit bmo.com/specializedsales and click on Refer a client. |
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| Hot Summer Savings with BMO | | Until August 31, your clients can save up to $1,100 on switch fees† when they switch their mortgage to a BMO Mortgage or a Homeowner ReadiLine®.
Are they planning on purchasing a new home? They can enjoy savings all summer long!
Visit Bmo.com/SummerMortgageOffer to find out about our exciting offers!*
†*Terms & Conditions apply. | |
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| What’s new in Canada’s
Housing Market | | • | Home sales are now back in-line with pre-COVID norms, after running roughly 30% above that mark in the 18 months through February. | • | A correction in Canadian housing is well underway across
a number of markets. | • | Fundamental factors like demographics and rising building costs will put a floor under the resale market, especially in more favourable areas, but it will take time and some price discovery to swallow the interest rate shock. |
| To read the full article, click here. |
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| Bank of Canada Rate Decision & MPR — Desperately Playing Catch‑Up | | • | The Bank of Canada shocked with a 100 bp hike, the largest since 1998, bringing policy rates up to 2.50%, the mid-point of the Bank's neutral range. | • | Inflation was the major theme in the statement, with the BoC now anticipating prices to rise at around an annual 8% pace in the next few months. | • | We continue to anticipate the BoC will hike rates another 50 bps in September. |
| Help your clients manage these changes by connecting them with a BMO Home Financing expert.
For full article, click here. |
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