Thursday, April 23, 2015

Employment Insurance reflects oil prices

Great article by Todd Hirsch on the EI Benefits and our economy.

I like to focus on the goods news of this story.

#1.  With the amount of layoffs and cuts to spending plans, today’s report shouldn’t come as a surprise. Given the economic slowdown, a rising number of people collecting EI was to be expected. However, with oil prices showing some stability and promise for the second half of 2015, Alberta’s labour market should show some rebound.
#2 In 2010 EI had just under 60 000 people collecting benefits compared to today at just under 40 000.00 people.

Read the whole article here:

How does this relate to Mortgages?

#1. Buyers have the opportunity to get some great pricing on new build homes with excellent incentives to buy now and the rates at the banks are excellent.  Contact me to go over some amazing rate options for your first or next mortgage.  I also have New Home builders offering great referral of up to $5000.00 cash in your pocket for referring someone to buy from them or $5000.00 towards your own purchase in upgrades - contact Amy for the full details.

#2. Rates across the board are very low for mortgages so if you were looking for the right time to buy a home or refinance your current home, the time is NOW!

#3. If you are looking to lower your current mortgage payment, rates are almost a full point lower than a mortgage you arranged two or three years ago, which again gives you an opportunity to re write your mortgage and save some money on your monthly payments and pay less interest over the term of the mortgage.

Amy Wilson
Verico Brokers For Life.


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