Dominion Lending Centres - The Tracy Valko Team and Valko Financial Ltd.
Dominion Lending Centres - The Tracy Valko Team and Valko Financial Ltd.
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Valko Financial Ltd.
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Valko Financial Ltd. Goes National with Heart-Centred Leadership

We are incredibly honoured by all the love and support we’ve been receiving from our amazing industry (and beyond!).  See the latest issue of Mortgage Broker News for a taste of what we’ve got cooking! *special thanks to Rachel Major for the artwork – we love it!   Original Source:  Mortgage Broker News After more than a decade of accomplishments and growth as a top-producing mortgage broker in Kitchener (Ontario), Tracy Valko founded Valko Financial Ltd. in 2018 to share her passion and principles for excellence in service with a team of like-minded, community focused professionals. Valko Financial Ltd. started small, but always had mighty potential and results because of the individuals who believed in serving the clients and community with honesty, integrity, commitment, and professionalism. Great minds think alike, and heart-centred people gravitate to each other, so it’s no big surprise that even with three provinces between them (about …
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March Existing Home Sales in Canada Hit New Record High As New Listings Surge To Unprecedented Levels

Original Source:  SherryCooper.com   What is All the Policy Hysteria About?   Today the Canadian Real Estate Association (CREA) released statistics showing national existing home sales hit another all-time high in March. What was arguably more noteworthy was that new listings hit their highest level on record in seasonally adjusted terms in March. Prices continued to rise as sales dwarfed the new supply.  The number of homes sold across the country rose 5.2% on a seasonally adjusted basis. The actual (not seasonally adjusted) activity was up 76.2% year-over-year (y-o-y). The 76,259 houses that sold were 14,000 more than the previous monthly sales record set last July. The number of newly listed properties jumped another 7.5% from February to March. Benchmark home prices rose 3.1% from the previous month and were up 20.1% y-o-y. The month-over-month increase in national sales activity from February to March was broad-based and generally in line with locations where more new listings became available. Sales …
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Valko Financial Wins “Best New Brokerage” at The Mortgage Awards of Excellence

Valko Financial is pleased to announce that we are the WINNER of the “Best New Brokerage” award for the Mortgage Awards of Excellence!   Click here to view the full virtual award show.   This award is for everyone in the Valko Financial Community! To our brokers, mortgage agents, admin staff, and marketing team: THANK YOU for your hard work and dedication over the past two years, it has not gone unnoticed. To the many clients that we have served: THANK YOU for your continued trust in our services. It has been a privilege helping so many families with their home financing.   With only two years in, Valko Financial is just getting started! We can’t wait to celebrate many more milestones and achievements to come.   A Message from Tracy… Thank you to all the incredible nominees. I am truly honored and humbled to be amongst so many outstanding …
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Canada’s Most Unaffordable Markets

Click here for the full study from Point2Homes  Housing markets in cities across Canada have been on the rise since 2010. A recent study by Point2Homes broke down the top 16 most unaffordable cities for real estate in Canada. The study found that Burnaby, British Columbia is the most expensive city in Canada for real estate where residents spent an average of 44.7% of their income on their mortgage. Rounding out the top 5 was Richmond, BC (44.0% of income on mortgages), Oakville, ON (43.8% of income on mortgages), Vancouver, BC (41.6% of income on mortgages), and Kelowna, BC (40.8% of income on mortgages). The study also identified Kitchener, ON as the city with the largest gap between home price increases and wage increases. Over the last decade, home prices in Kitchener increased 148% whereas wages only grew by 38%. That’s a 110% difference. Image Source: Point2Homes Which city shocks …
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Bank of Canada Still Expects No Rate Increases Until 2023

Published by Dr. Sherry Cooper, Chief Economist, Dominion Lending Centres For the original article, CLICK HERE. The Bank of Canada released its January Monetary Policy Report (MPR), showing they expect to keep overnight interest rates at its “effective lower bound” of 0.25% until 2023 (see chart below). To reinforce this commitment and keep interest rates low across the yield curve, the Bank will continue its Quantitative Easing (QE) program–buying $4 billion of Government of Canada bonds every week until the recovery is well underway. The central bank indicated it could pare purchases once the recovery regains its footing. According to the Bank’s press release, “The Governing Council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved. In our projection, this does not happen until into 2023.” Officials are apparently optimistic about the economy’s prospects …
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Lock-In or Stay Variable?

Whether you already have a mortgage or are looking to get your first mortgage amid COVID-19, there are some things you should know regarding fixed and variable rate mortgages during this time. If you currently have a mortgage, you may have heard on the news about interest rates rising and you may be unsure of where you stand. It may seem confusing, but when it comes to mortgage rates and interest we are seeing things moving in both directions – rates are going up and going down simultaneously. Depending on the mortgage you currently have (fixed or variable) you may be experiencing different effects with regard to COVID-19 and may be unsure where you stand. Here are some things to know: Variable Mortgages Variable rate mortgages, which represent 1 in 4 mortgages in Canada, are driven by the Bank of Canada’s overnight lending rate. Having a low variable rate may …
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We Are Here for You!

We can still be reached by email, phone, text and we are now utilizing video-conferencing to better serve you while we observe the order for social distancing. We are NOT shut down. We are doing everything we can to make sure that business continues to run smoothly and that your interests and concerns are made a priority. Stay home.  Be safe.  Let’s arrange a call or video chat. WE ARE HERE FOR YOU     We, as a team, are working responsibly and diligently setting up virtual appointments by phone and video call with those who have questions or concerns. Please feel free to contact us! We are #HereforYou Update from The Valko Team: With the current outbreak of COVID-19. we wanted to take this opportunity to let you know that The Valko Team is here to assist you with your mortgage needs and address any questions or concerns you may …
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BREAKING NEWS: Bank of Canada lowers overnight rate target to 1 ¼ percent

The Bank of Canada today lowered its target for the overnight rate by 50 basis points to 1 ¼ percent. The Bank Rate is correspondingly 1 ½ percent and the deposit rate is 1 percent. The Bank of Canada notes: “While Canada’s economy has been operating close to potential with inflation on target, the COVID-19 virus is a material negative shock to the Canadian and global outlooks, and monetary and fiscal authorities are responding.” Furthermore, the bank adds that “as the situation evolves, Governing Council stands ready to adjust monetary policy further if required to support economic growth and keep inflation on target. While markets continue to function well, the Bank will continue to ensure that the Canadian financial system has sufficient liquidity.”

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