Bank of Canada Raises Key Rate to 5% and Prime Now 7.2%, 10th Rate Hike, Maybe One More? Addressing Mortgage Risk, Job Gains Triple, ExtraOrdinary People, Bikes, Building Permits Down & More

 

Monitoring Devices for Seniors The 2020s may become known as the decade in which we re-evaluated our homes, and found ways to make them better serve our needs. Part of that assessment has already begun, especially amongst seniors who desire greater independence and want to continue to enjoy comfortable, productive lives in their own homes. Enabling their wishes in as safe an environment as possible often requires support from other family members and/or caregivers. It’s a big responsibility that may be eased somewhat by increased confidence in the latest electronic monitoring devices.     Thanks to improved portability and tracking capabilities, the latest models of these devices are less restrictive and require less input from users. Some types monitor vital statistics such as heart rate or blood pressure. Others track movement from room to room, or doors unlocking, while some even monitor medication schedules or facilitate live one-on-one conversations. With so much technology available to help seniors live in ways they prefer, it’s important to consider all aspects of electronic supervision, and have frank conversations about the costs and benefits of the various options. FREE ONLINE HOME EVALUATION  CURRENT INTEREST RATES - DLC

Eagles - Hotel California (Ao Vivo 1994)

REAL ESTATE SEARCH FEATURED HOMES REAL ESTATE NEWS Times Colonist - An ordinary man, an extraordinary life: David Foster's tribute to Frank Copley  Times Colonist -  Commissionaire, 95, still standing on guard at Dockyard Times Colonist - From Dallas Road to Lochside Trail, there's no shortage of routes for a summer bike ride Times Colonist - Two more long-term care facilities considered for Vancouver Island BC Hydro's distribution grid not keeping pace with development (Business in Vancouver)  Times Colonist - New cruise-ship pollution rules leave gaps, environmentalists say Times Colonist - Gallery: 2023 Victoria Pride Parade in photos Times Colonist - Cyclists ride to Oak Bay hall to keep up pressure for bike lanes Times Colonist - Dallas Road brush fires show how dry conditions are: Victoria Fire B.C. building permit downturn accelerates in May (Business in Vancouver)  B.C. mortgage calculator: A simple way to examine interest rate changes (Global News)  Times Colonist - Missing the rain: Drought started in spring, no relief in sight Times Colonist - 760-home Nanaimo project stalls amid First Nation’s concern about its ancestral village Times Colonist - Sarah McLachlan headlines Courtenay's Musicfest this weekend Bank of Canada raises key interest rate to 5%, highest since 2001 (Globe and Mail)  Big banks raise prime rate to 7.2% after Bank of Canada hike (Financial Post)  Bank of Canada delivers 10th rate hike, markets not convinced this will be the last (Canadian Mortgage Trends)  OSFI proposes capital requirement changes for lenders and mortgage insurers to address mortgage risk in Canada (Canadian Mortgage Trends)  Canada's job gains triple forecasts, strengthening case for Bank of Canada rate hike (Financial Post)  As Canadian housing crisis rages on, is ‘financialization’ really to blame? (Toronto Star)  Sales Of Condos In Calgary Up Nearly 50% From 2022 (Storeys)  House price increases will likely slow this summer, experts predict (Toronto Star)  Fixed mortgage rates keep rising, and could continue as bond yields near 4% (Canadian Mortgage Trends)  Stretching mortgage amortizations could cost you more than you think (Global News)  Canadians reporting insolvency hits record high just before Bank of Canada expected to hike interest rate (Financial Post)  Calgary real estate market sizzles as newcomers flock to Alberta (Financial Post)  Lumber prices stabilize to new normal levels (Business in Vancouver)  Rising interest rates worry 7 in 10 Canadians — and another hike could be coming (Global News)  More than half of Canadians $200 away or less from not being able to pay all of their bills (iHeartRadio)  How another Bank of Canada rate hike will affect the housing market (Financial Post)  Bank of Canada will hike interest rates one more time: CIBC (Financial Post: Video)  Moving from a condo to a house (iHeartRadio: Audio)  Bank regulator mulls changes to ensure banks can absorb mortgage risks (Globe and Mail)  What mortgage owners need to know about the Bank of Canada's rate hike (BNN Bloomberg)  Bank of Canada rate hike could put more pressure on landlords, expert says (BNN Bloomberg)  Are we done with rate hikes? Here's what the Bank of Canada has to say (BNN Bloomberg)  Inflation will linger for longer, Bank of Canada says (BNN Bloomberg)  VICTORIA REAL ESTATE MARKET NOTABLE QUOTES “One of the hardest things in life to learn is which bridge to cross and which bridge to burn.” David Russell Asking a question is about the smartest thing you can do. Asking questions helps you get the information you need to make better decisions. So, when you have a real estate-related question, feel free to call or email.   Diana Winger Personal Real Estate Corporation  eXp Realty | CNE, SRS, SRES, ABR Mortgage Agent Level 1 Valko Financial LTD #13047 Dominion Lending Centres  HomeVictoria.com | Housesforsale369.com  WingerRealEstate.ca | SearchBestMortgages.com (250) 588-8839  (226) 705-3369 ON YOUR TEAM!