Central Bank Rate Hike Not Enough to Worry Mortgage Holders
Posted on Jun 01, 2010
The Bank of Canada raised its target overnight rate by a quarter of a percentage point to 0.5 percent today, making it the first of the G7 countries to do so. The Bank Rate rose correspondingly to 0.75 percent, with the deposit rate kept at 0.25 percent. Housing and consumer...
Put On Your Seat Belts – We’re In for a Mortgage Ride
Posted on May 21, 2010
As we head into the Victoria Day long weekend, Canada’s major banks have announced that they are lowering five-year rates on mortgages – for the second time this month – effective today.Rates started out the month at 6.25% and have since dropped by 26 bases points, according to a...
Fixed or Variable Rate Mortgage?
Posted on May 19, 2010
How about both? According to the annual RBC Homeowners Survey released this week, 40 percent of people surveyed who are planning on buying a home in the next two years would opt for a combination mortgage. This is a stark rise above the 32 percent who chose this option last year....
Canada’s Core Inflation Rate Dips in March
Posted on Apr 23, 2010
A surprising drop in Canada’s inflation rate for March is raising hopes that the Bank of Canada will hold interest rates steady.According to Reuters, Canada's annual core inflation rate dropped to 1.7 percent in March from 2.1 percent. Part of the drop is attributed to a drop in ...
Posted by Dalia Barsoum
on January 5, 2011