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
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
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
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
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
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
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
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
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
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
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:
• Fixed Rate Mortgages of terms less than 5... [ more
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
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
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
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
DISCLAIMER: While we do our best to ensure the accuracy and integrity of information on our website, the opinions and advice published here are provided by outside individuals, and in no way reflect the opinions or legal position of the company, and are not intended to replace sound professional or legal advice. The company, website owners, developers, sellers or resellers will in no way be held accountable or liable for advice or opinions published here by outside parties (experts or consumers).