Sirnawamedia

10/23/2024

The Bank of Canada cut its benchmark interest rate by 50 basis points on Wednesday, the fourth consecutive decrease since June, bringing its policy rate to 3.75 per cent.

09/16/2024

🏠 🏡 Currently, in Canada, the maximum amortization period for insured mortgages is 25 years, and the price cap for insured mortgages is set at $1 million.
Mortgage insurance is mandatory when a down payment is less than 20%, and this cap limits many homebuyers in cities like Toronto and Vancouver, where typical home prices exceed $1 million.
Starting December 15, 2024, the federal government will raise the insured mortgage cap to $1.5 million and expand eligibility for 30-year amortizations to all first-time homebuyers. This will allow more Canadians to access lower monthly payments and qualify for mortgages in high-priced markets, helping boost homeownership.

09/08/2024

09/08/2024

09/04/2024

The Bank of Canada delivered its third consecutive interest rate cut today, bringing its key lending rate to 4.25 per cent.

08/30/2024

Here we see the musical maestro Dr. Satinder Sartaaj being honoured by the FirstOntario Centre for breaking the all time ticket record for a Punjabi artist as he performed at a SOLD OUT venue while giving his fans a night to remember in April of 2023! His signed posters will have the privilege of being hung in the FirstOntario Centre Hall of Fame! - A Sirnawa Media & Firdaus Production Presentation

06/05/2024

Bank of Canada cuts key interest rate for the first time in four years to 4.75%
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