Bank Of Canada Finally Cuts Rate & Jamie Celebrates 20 Years of Brokering!

DLC West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

team@westcoastmortgages.ca
604-534-6504
http://www.westcoastmortgages.ca/

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Congratulating Jamie Moi on 20 Years as a Mortgage Broker!

 

June 2024 marks Jamie's 20th anniversary as a Mortgage Broker!  Jamie has helped literally thousands of clients with their financing, and has mentored many, many new brokers along the way. 

You can help her celebrate by posting a 5 star review for her on Google and telling us about how she has helped you reach your mortgage or home ownership goals.   

Give Jamie a 5 star review now by clicking here...



Bank of Canada cuts key interest rate to 4.75%

 

Jenna Benchetrit · CBC News · Posted: Jun 05, 2024 7:11 AM PDT 

The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank's first rate cut since March 2020.

Bank governor Tiff Macklem said in opening remarks that the bank's monetary policy no longer needs to be as restrictive.

"We've come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the two per cent target has increased over recent months," Macklem said.

Economists were largely expecting the move. The inflation rate has moved closer to the bank's two per cent goal in recent months, coming in at 2.7 per cent in April, with the bank's preferred core measures of inflation also easing throughout the spring. 

Meanwhile, quarterly GDP numbers released last week were weaker than expected: the economy grew by 1.7 per cent during the first three months of the year, increasing the likelihood of a cut.

After a cycle of aggressive interest rate hikes, the Bank of Canada last hiked the rate to five per cent in July 2023 and held it there until Wednesday's cut.

Continue reading here...



Wow, Those Northern Lights!

 

Since moving out to Chilliwack 5 years ago, we have experienced all kinds of beautiful natural events.  We have also experienced some less than beautiful events. Nature is stunning, and also cruel and messy. 

The show of Northern Lights last month was simply spectacular! Fortunately, Michelle was able to get a number of gorgeous photos, along with a crick in her neck from looking up for so long.  All while Jamie was tucked into bed snoring. 

We all know that the lights show up better on camera, but out here in the sticks it was pretty spectacular in person as well!  This one is Jamie's personal favourite of the captures.  She is hopeful that she will be able to stay up past 9 PM, and that the clouds will clear up, should the lights make another appearance.   



How Much Can Jamie and Michelle Do in May?

 

As it turns out, a whole lot!  May was an extremely busy months for us personally.  Not only did we complete the refinishing of our stairs and railings (which we started in February, be gone Orange 90s oak!), we also painted our very tall entrance, got the entire garden planted, and hosted Michelle's family from near and far for an incredible feast. 

To say we are tired is an understatement.  During the planning for the entrance painting, Michelle went to great lengths to pick the exact perfect colour for the walls.  This process included using Samson's lovely hair as a colour swatch.  He was very patient with the process and we are very happy with the results!



Embracing Biodiversity in Our "Lawn"

 

As some of you may know, we live on the banks of the Chilliwack River.  Because of the sensitive environment we are in, and the fact that our dogs regularly graze in the yard, we have chosen not to use any herbicides, pesticides or harsh fertilizers on our property.  The results have been amazing! 

All spring our yard has been visited by bees enjoying our selection of wild flowers, tulips, daffodils, apple blossoms and flowering herbs.  We also overseeded our lawn with a mix of grass seed, micro clover and rye which is extremely luscious and cuts down our need to mow by half. 

This seed mix has also been very helpful in managing the invasive dandelions, which Jamie often painstakingly removes by hand.  With so many other flowers to enjoy, bees have not missed dandelions in our yard, and this brings us both great joy and great harvests.

This picture is of a little bee who spent a good long while perusing the chive flowers by the garden.  Pollinate on, little friend! 



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