Fixed Rates Mortgage Rates on the Rise
March 30, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Banks start interest rate shake-up | Tuesday, 30 March 2010 Four big banks have increased their posted rates on fixed mortgages, signaling the start of an upward move on record-low interest rates. Royal Bank, TD Canada Trust and Laurentian all moved their posted rates on five-year fixed mortgages by 0.6 per cent yesterday, a move [...]
Higher Interest Rates Coming Soon
March 25, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Higher interest rates could be coming sooner, says Bank of Canada governor By Julian Beltrame, The Canadian Press OTTAWA – Canadians could be facing higher interest rates sooner than previously thought as a result of stubborn inflation and stronger economic growth, Bank of Canada Mark Carney said Wednesday. Carney did not declare higher rates were [...]
Real Estate – Rates – Lending Criteria
March 24, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Housing market to be tamer over next decade: Scotiabank | Wednesday, 24 March 2010 Despite 2010′s strong start, Scotiabank expects the “twenty-tens” Canadian housing market to pale in comparison to the previous decade. A report titled “Global Real Estate Trends”, released by the bank yesterday, speculated the volume of home sales transactions will increase by [...]
Cost of Buying A Home Slightly Up
March 16, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Cost of owning a home up slightly in late 2009; will continue to rise: RBC Sunny Freeman , The Canadian Press TORONTO – Home prices will continue to rise this spring as buyers scramble to close deals ahead of expected higher interest rates, new mortgage rules and new taxes in two key markets. A report [...]
Rate Hikes This Summer
March 15, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
The Flaherty effect Helen Morris, National Post Many of us have been enjoying supremely attractive interest rates on mortgages. However, with rates having been at historic lows for quite some time and with the economy heating up, the only direction rates will go from here is up. The finance minister wants to ensure borrowers are [...]
75 Years On, Bank Get It Right On Inflation
March 11, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
75 years on, Bank gets it right on inflation William Watson, Financial Post Seventy-five years ago Thursday the newly constituted Bank of Canada took over responsibility for Canada’s currency. It was supposed to have done so 10 days earlier but British American Bank Note Co. was late with its initial delivery of cash. Since 1935, [...]
Is Your Current Mortgage Right For You
March 8, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Regular reviews of your mortgage ensure your loan is still right for your financial situation by Malcolm Morrison, THE CANADIAN PRESS TORONTO – Buying a home is probably the most expensive purchase you will ever make and if you’re like the vast majority of Canadians, you used a lot of borrowed money to experience the [...]
Budget 2010
March 5, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Budget 2010: A second year of stimulus spending Paul Vieira, Financial Post OTTAWA — The Conservative government sketched out on Thursday its initial plans to return to budget balance, by targeting cuts in the public service, a freeze on foreign aid, limited growth in military spending and higher EI premiums. The spending restraint, outlined in [...]
Economy Improving – Interest Rates
March 3, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Economy improving, but interest rates to stay at historic lows for now By Julian Beltrame, The Canadian Press OTTAWA – The Bank of Canada is keeping interest rates at historic lows for a few more months, while sending out signals that the economy is rebounding strongly and could trigger inflationary pressures. The central bank’s more [...]
Pressure Grows for Bank to Hike Rates
March 2, 2010 by Dave, Cindy and Amanda Walker · Leave a Comment
Pressure grows for Bank of Canada to hike rates Paul Vieira, Financial Post OTTAWA — Pressure on the Bank of Canada to move early on raising interest rates mounted Monday after data on fourth-quarter gross domestic product suggested the economy is roaring its way out of recession after recording the fastest pace of growth in [...]
