SAVING YOU MONEY ON YOUR BORROWING NEEDS

12/14/2010

The Bank of Canada hiked rates three times this year, which lifted variable mortgage rates by 0.75 percentage points. The market expects the Bank to resume rate increases in mid-2011. Current Prime 3.00%

The Bank of Canada left the country’s key lending rate unchanged today. That keeps prime rate at 3.00% for now. It was no surprise since every notable economist expected no...

09/01/2010

Home ownership becoming less affordable as sales, demand fall: Conference Board of Canada

08/25/2010

Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September, notes a new report from CIBC World Markets Inc.

"Forget about any rates hikes from the U.S. Federal Reserve until sometime in 2012 at the earliest."

Lock in a low interest rate today!!! Current 5 year fixed rate 3.69% and 3 year fixed rate 2.90%

08/16/2010

The Bank of Canada Qualifying Rate has decreased to 5.59%

08/16/2010

Housing starts rise in Calgary

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08/16/2010

The Real Estate Investment Network (REIN), a national organization of investors, has compiled what it

08/16/2010

3.89% Fixed!!!! Thinking
about buy a home in the next 6 months?? Take advantage of a 6 month
rate hold!!! With rates at an all time low, its a good time to look at
getting pre-approved.

Canadian mortgage interest rates.

07/28/2010

At 2.05%, a variable-rate product today may look as attractive as ever, but the five-year fixed-rate closed mortgage is falling fast. It can now be had for a shade under 4%