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Oct 19
2010

Buying vs Renting

Blog posted by Cory Kline, AMP  ::  Views (4211)
At some point in their lives, most Canadians have probably asked themselves whether it is better to buy or rent a home. And purchasing a home is one of the biggest decisions most people ever make. Ultimately, the decision is a personal choice, but it helps to look at the pros and cons of buying... [ more ]
Oct 19
2010

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (12063)
The Bank of Canada did not change their rates this morning, as expected. The Bank's announcement speaks to the changes in their position on Canada's growth and that of the global market. Mr.... [ more ]
Oct 4
2010

Using Home Equity to Your Advantage

Blog posted by Cory Kline, AMP  ::  Views (10128)
Using Home Equity to Your Advantage Canadians purchase homes for a variety of reasons. Some want the stability of owning their own home, while others also look at home ownership as an investment vehicle. No matter what the reason, the truth is that home ownership has proven itself to be a good... [ more ]
Oct 4
2010

Tips for Paying off Your Mortgage Faster

Blog posted by Cory Kline, AMP  ::  Views (4053)
Tips for Paying Off Your Mortgage Faster   Mortgages in Canada are generally amortized between 25 and 35 year terms. While this seems a long time, it does not have to take anyone that long to pay off their mortgage if they choose to do so in a shorter period of time. With a little bit of... [ more ]
Sep 8
2010

Bank of Canada Increases Prime 1/4%

Blog posted by Cory Kline, AMP  ::  Views (5105)
Bank of Canada has increased Prime 1/4%, making Prime rate 3.00%. It could have gone either way but it was felt Canada’s economy was strong enough to warrant another tightening. The Bank of Canada has therefore raised its overnight rate target to 1%, from just 0.25%... [ more ]
Aug 13
2010

Bond Rate at Lowest Level in 2010

Blog posted by Cory Kline, AMP  ::  Views (7695)
The bond rate continued to drop the past week. It's now at the lowest level in 2010. Weak economic news from around the world has been the main driving force. If this continues to stay in these ranges, I expect the Bank of Canada may halt the projected increases in prime rate.   The recent... [ more ]
Jul 20
2010

Bank of Canada Announcement

Blog posted by Cory Kline, AMP  ::  Views (5517)
As expected the Bank of Canada raised their rate by 1/4% this morning. Bank prime is now at 2.75%.   They comment that inflation is in line with their projections. Also, that overall economic growth is weaker than previously anticipated. Hopefully this will mean rates staying in... [ more ]
Jun 1
2010

Bank of Canada Announcement: Prime Rate Increased...

Blog posted by Cory Kline, AMP  ::  Views (4710)
Well it finally happened, the Bank of Canada raised it's rate by 1/4% this morning. This is the start of an upward trend with them. Their last paragraph in the announcement speaks as to the uncertainty in the markets. They are acknowledging that they will be cautious on more rate increases... [ more ]
May 18
2010

Mortgage Rate Update...

Blog posted by Cory Kline, AMP  ::  Views (4718)
I just want to provide a head up for anyone who may be in the market for an upcoming mortgage and who may not be watching the Bank of Canada announcements or long term rate predictions. If you haven't been following them closely, they are still near the lowest in History however this will not... [ more ]
Apr 20
2010

Bank of Canada Warns Higher Rates Ahead

Blog posted by Cory Kline, AMP  ::  Views (5134)
The Canadian dollar rose sharply Tuesday as the Bank of Canada warned that it will be raising interest rates. At mid-morning, the dollar was up 1.6 cents to 100.14 cents US. The Bank of Canada kept its key lending rate unchanged Tuesday, but warned that its low-rate policy has a limited future.... [ more ]
Apr 14
2010

April 19th Government Changes-Summary

Blog posted by Cory Kline, AMP  ::  Views (5391)
On February 16, 2010, the Government of Canada announced a series of regulatory changes to support the long-term stability of Canada’s housing market. The following changes will be in effect as of Monday April 19, 2010: Qualifying Rate: • Fixed Rate Mortgages of terms less than 5... [ more ]
Mar 29
2010

RBC, TD hike mortgage rates

Blog posted by Cory Kline, AMP  ::  Views (5209)
Royal Bank and TD Canada Trust announced Monday they are increasing several mortgage rates by up to 6/10ths of a percentage point.   The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted... [ more ]
Mar 4
2010

Inflation Set to Rise Faster Than Expected

Blog posted by Cory Kline, AMP  ::  Views (5390)
Inflation Set to Rise Faster Than Expected Economists are debating the timing, and extent, of the central bank's first rate moves, and some now suggest they will start earlier than they had initially forecast. The Bank of Canada is on heightened alert for inflation and a stronger recovery than... [ more ]
Mar 4
2010

Home building to pick up speed: CMHC

Blog posted by Cory Kline, AMP  ::  Views (5123)
Globe and Mail Update Published on Tuesday, Mar. 02, 2010 9:04AM EST Last updated on Tuesday, Mar. 02, 2010 12:54PM EST   Real Estate: Home building to pick up speed: CMHC Housing starts will strengthen this year and next, and that increase in supply should keep a lid on further... [ more ]
Feb 25
2010

Bank of Canada Urged to Hike Rates After June

Blog posted by Cory Kline, AMP  ::  Views (5759)
  Bank of Canada Urged to Hike Rates After June OTTAWA -- The Bank of Canada should uphold its conditional pledge to keep its key policy rate at 0.25% until July but should then embark on sharp rate hikes of 50 basis points at every announcement date until mid-2011, says an analysis... [ more ]
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