November 2008 - Posts

26 November 2008
Mortgage rates chopped by 2 Canadian banks

Two Canadian banks did their bit to unclog the country's constricted housing market Wednesday by cutting mortgage rates. The Royal Bank of Canada and the Bank of Montreal both chopped borrowing costs for people seeking to buy a home. RBC cut its mortgage Read More...

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Filed under: Buyer Information, Royal Bank, Canadian interest rates, mortgage rates

 

16 November 2008
Government of Canada Announces Additional Support for Canadian Credit Markets

Toronto, November 12, 2008 Related Documents: Backgrounder Term Sheet The Honourable Jim Flaherty, Minister of Finance, today announced the Government will purchase up to an additional $50 billion of insured mortgage pools by the end of the fiscal year Read More...

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Filed under: Finances, canada's housing market, Government of Canada funds, Canada Mortgage Bond

 

14 November 2008
Financial/Equity Markets Impact October Home Sales

Vancouver, BC – November 14, 2008. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® (MLS®) in BC declined 54 per cent to $1.69 billion in October, compared to October Read More...

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Filed under: Real Estate, Market Conditions, real estate market, BC real estate statistics, BC real estate market