Bank Of Canada Made No Change, But the Geese Did!

West Coast Mortgages - Mortgage Brokers

Jamie Moi ~ Michelle Chandra

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

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The Bank Of Canada Has Heald Steady - Prime Is Still 4.45%

 

A wee bit of a delay in getting this information out, as Jamie has been down for the past two weeks with a case of pneumonia. Fortunately, she is now on the mend and happy to report that the Bank of Canada met last week and opted to hold their rate steady again.  Core inflation fell to 2.0% in April and, despite the ongoing war in Iran driving up inflation, the Bank of Canada is willing to "bolster the Canadian economy amid unprecedented trade uncertainty and a record oil price shock" according to DLCG Chief Economist Dr. Sherry Cooper.  

We have seen the fixed rates bouncing up and down with most terms hovering between 4% - 5%. This has made variable terms more attractive.

If you are interested in a deeper dive into the Bank of Canada's decision, click here to read what Dr. Sherry Cooper has to say.



Strawberry Fields Forever

 

Ok, not really. But definitely strawberry beds for us!  This year Jamie decided that our previously potted, and very crowded strawberry plants, (which Michelle grew from seed a couple years ago, gardener flex!), needed a bigger home.  

So we made that happen, because what mortgage broker can resist helping a move up buyer.  ;)

The new strawberry beds are thriving and the berries we have had so far have been absolutely delicious.

Strawberries are a patience game. We will have a small crop this year but, hopefully, in a couple years we will be making jam. Can't wait! 



Beautiful, Deadly Nature

 

Living so close to nature, we are constantly reminded that we have very little control. Every year we are surprised by what ends up growing in our river-side yard, and every year it's different.

These beautiful flowers have popped up this year and have attracted a lot of large Western Tiger Swallowtail butterflies. The hummingbirds also seem to love them. 

Although the butterflies and birds enjoy them, these lovely flowers are actually the very poisonous Foxglove of the genus Digitalis.  While the digoxin extracted from this genus is used to create heart medication, Foxglove can be deadly to mammals if ingested. 

Fortunately, the dogs don't seem interested in the plant at all and the pollinators love it. So, for now, the gorgeous, deadly flower stays.   

  



It's Baby Time!

 

Last month we introduced you to our resident Canadian geese friends. This month they disappeared for a few days and reappeared with a gaggle of goslings! 

These babies are certainly not brand new, so these very good goose parents clearly had them hidden and protected for a while. Sadly, the littlest babies tend to end up spread all over our lawn if the parents aren't careful. (See our newsletter article from a couple years ago entitled "Murder Most Fowl"). Nature is beautiful, but not always kind.    

This sweet family come for a cool dip in the river almost daily. We are are excited to watch the babies grow up over the rest of the season. We will be especially excited if they continue to stay out of our actual yard.  The amount of excrement a single goose can produce is truly mindboggling, never mind a whole family of 5!   



CLAIM YOUR HOMEOWNER GRANT

 

It's Property Tax time.

The due date is always July 2nd of every year.

If you pay your tax on a monthly installment, then you should not have to worry about making payment. In this case, it should state at the top of the bill that your lender has already paid on your behalf etc. 

Don't forget to claim your home owner grant though. For eligibility requirements and to apply for the home owner grant, call 1-888-355-2700 or visit gov.bc.ca/homeownergrant.



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