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11 July 2011
Interest Rate Hike Likely in the Fall: BMO
It seems that everyone is throwing their hat into the interest rate prediction ring these days. BMO has issued a new report on the expectations for interest rates in the near future, drawing fuel from all the recent economic data suggesting that the Canadian Read More...
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03 June 2011
Variable Rate or Fixed? Canadians Unsure
TORONTO , June 2, 2011 After another reprieve from the Bank of Canada for an interest rate rise, there is much talk amongst Canadians about whether or not variable rate or fixed rate mortgages are the way to go. CIBC recently conducted a poll which indicated Read More...
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12 March 2011
Variable Rate, Fixed Rate or Both? .
Aware of all the potential changes that are coming in the next few weeks and a strong realization of the material impact that they could have on the mortgage marketplace, there is great focus on and conversation about what mortgages should look like now Read More...
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21 February 2011
CMHC Answers Back
This week CMHC has taken a stand, reacting to weeks of buzz and criticism after the release of a report by CD Howe which recommended that government involvement in mortgage insurance be scaled back and that more private players be invited onto the field. Read More...
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18 January 2011
Changes to the Rules for Government Insured Mortgages
Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders. The changes have been made in order to ensure that Canadians are prepared for higher interest rates in Read More...
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20 October 2009
Bank of Canada Maintains Overnight Rate
OTTAWA - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent. Recent indicators point to the start of a global recovery Read More...
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29 September 2009
No guarantee rates will stay low, Carney warns
Paul Vieira, Financial Post, with files from Reuters Published: Monday, September 28, 2009 OTTAWA -- Governments will be required to undertake "concerted" and "sharp" efforts to restore fiscal sustainability once a market-led recovery Read More...
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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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23 December 2008
Canadian Mortgage Industry in the Media
In recent weeks, there have been numerous articles in the national media on the state of the Canadian mortgage industry. Issues regarding the impact of longer amortizations and a perceived failure to anticipate the effects of various mortgage products 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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21 October 2008
Bank of Canada lowers rate
OTTAWA - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of a percentage point to 2 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 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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