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18 March 2009
Banks begin to decline federal aid in first sign of recovery
Credit conditions easing, banks no longer struggling to raise funds to make loans TARA PERKINS © The Globe and Mail Tuesday, March 17, 2009 Canadian banks are turning down some of the funding that the government is making available to them, a sign Read More...
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09 December 2008
Bank of Canada drops rate .75%!
Economic crisis, turmoil, political upheaval... we thought you could use a little good real estate related market news! In a further attempt to get the economy moving, the Bank of Canada announced a .75% decrease to their overnight rate this morning, Read More...
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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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16 October 2008
Banks pushing homeowners to lock in mortgage rates: experts
Canadian banks are trying to convince consumers to lock in their mortgage rates because more than 20% of the home loans they have negotiated have become unprofitable, according to industry sources. The credit crunch is affecting the cost of mortgages Read More...
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