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Investors Polarized On Key Rate Predictions
Posted on Sep 07, 2010
Will the Bank of Canada raise its key interest rate tomorrow? Investors haven’t been this divided in their forecasts for Wednesday’s interest rate decision since April 2009, according to a Bloomberg News survey.
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Real Estate Continues to Edge Toward Buyers' Market
Posted on Sep 03, 2010
A report released by the Real Estate Board of Greater Vancouver this week shows a 2.6 percent decline in residential property sales since July, and a whopping 36 percent decline compared to August 2009 – which was the second hottest August market on record...
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Mortgage Wars - Beware of Averages
Posted on Aug 25, 2010
We’ve heard of gasoline price wars, but what about mortgage rate wars? For the third time since the beginning of August, major financial institutions have cut their fixed-term lending rates for five-year mortgages.
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Commercial Real Estate Investment in Canada Booms
Posted on Aug 23, 2010
A new survey shows that investment in commercial real estate in Canada is booming – despite media reports of an opposite trend in residential real estate. According to the report, commercial deals done in the first half of 2010 totalled $7.8 billion...
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Anti-HST Petition Continues to Gain Momentum in B.C.
Posted on Aug 20, 2010
Ending a week of anticipation among anti-HST campaigners in British Columbia, a B.C. Supreme Court judge ruled today that the anti-HST petition led by former Premier Bill Vander Zalm is constitutionally valid. The petition is inked with more than 700,000 voter signatures.
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RBC Lowers Mortgage Rates – Inventory Rises in B.C. and Ontario
Posted on Aug 16, 2010
Today, Royal Bank of Canada announced that it will lower fixed, multi-year closed mortgage rates by ten basis points, effective August 17. The move is likely to trigger similar announcements by other major banks. As well, news reveals dramatic drops in recent home sales activity in B.C. and Ontario.
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Will I Be Able to Afford My Mortgage in Five Years?
Posted on Jul 27, 2010
As interest rates creep upward, first-time home buyers might wonder if getting into a mortgage is a good idea. What if rates are high at the end of my mortgage term, and how will I make the increased payments?
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Bank of Canada Raises Overnight Lending Rate
Posted on Jul 20, 2010
Canada’s central bank raised its key interest rate by 25 basis points to .75 percent today, in response to signs of a strengthening economy in this country. However, the bank stated that continued instability in world markets could preclude another rate hike in September...
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