UPDATE: JUNE 10 INTEREST RATE ANNOUNCEMENT POSTED HERE April 22nd, 2008 In keeping with its mandate to keep inflation in Canada at the 2% target, the Bank of Canada today announced that it was lowering its overnight lending rate by 50 basis points (one-half per cent) to 3%. Citing deepening economic woes in the U.S.,Continue reading “Bank Of Canada Slashes Key Interest Rate by 0.5%”
Tag Archives: Canada
Bank Of Canada Expected To Cut Interest Rates
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Don’t forget, the Bankof Canada meets tomorrow, April 22nd, 2008. The Bank is expected to cut interest rates by another 50 basis points (0.5%) to generate some stimulus in the weakening economy. This is of course great news for anyone on floating rate mortgages and buyers of real estate.Continue reading “Bank Of Canada Expected To Cut Interest Rates”
Canadian Homeowners Quick To Pay Off Their Mortgages
According to the CMHC in a recent survey, Canadians reported that they were eager to pay off their mortgages as quickly as possible. Not exactly breaking news – who in their right mind would want to be indebted to a bank longer than absolutely necessary? Why am I blogging about it then? Despite the duh-factorContinue reading “Canadian Homeowners Quick To Pay Off Their Mortgages”
Friday Rant: “NAFTA-gate”
I don’t think this will be a regular feature, as this isn’t a political blog, but everyone’s talking about it, and it’s like nails across the blackboard to me. At issue is the “leaked” memo from Prime Minister Stephen Harper’s Office which surfaced recently and its comments about U.S. Presidential hopeful Barack Obama’s plans to re-negotiateContinue reading “Friday Rant: “NAFTA-gate””
Bank Of Canada Cuts Interest Rate – Mar 4, 2008
UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Key rate cut by 1/2 per cent Citing deepening woes in the U.S. economy that could further affect the Canadian and world economies, the Bank of Canada has slashed its key overnight lending rate by one-half per cent to 3 1/2 per cent. The Bank says that further economicContinue reading “Bank Of Canada Cuts Interest Rate – Mar 4, 2008”
Bank Of Canada Cuts Interest Rate – Jan 22, 2008
As expected, Bank of Canada cuts the key lending rate by 1/4 per cent. The Bank of Canada this morning announced its expected 1/4% cut in Canada’s mortgage-rate setting overnight lending rate. The anticipated move is made to ensure that the Canadian economy continues to grow, despite continuing struggles in the world economy dealing withContinue reading “Bank Of Canada Cuts Interest Rate – Jan 22, 2008”
Royal LePage TV Launches – Canadian Real Estate 2.0
Free online videos offer buying and selling tips, staging advice, and more. Canada’s premier source for real estate information, Royal LePage, has launched a brand new website, http://www.royallepagetv.ca, where you can view a series of informative videos on how to sell or how to buy real estate. Specifically, the videos point out how the useContinue reading “Royal LePage TV Launches – Canadian Real Estate 2.0”
Canada’s Real Estate Market On Fire!
Unwavering Demand Supports Rising Canadian House Prices in Third Quarter Saskatoon, St. John’s and Saint John report extremely strong activity TORONTO, September 27, 2007 – Canada’s resale housing market remained on solid ground during the third quarter as high consumer confidence, strong employment rates and stable interest rates led to robust buyer demand prompting averageContinue reading “Canada’s Real Estate Market On Fire!”
BC Home Sales Sheltered From US Market Woes
Hello fellow professionals. More evidence today from the BC Real Estate Association that our market in British Columbia is continuing to thrive despite the implosion in the United States brought on by the sub-prime mortgage issues and economic difficulties. Below is the release. Those of you with blogs or e-mail newsletters, you need to getContinue reading “BC Home Sales Sheltered From US Market Woes”
A Coming of Age for Canada’s Economy?
Is the continued diversion of Canada’s economy from the USA’s a sign that we’ve grown up? Picture two brothers. The older brother is wildly successful, and the younger brother looks up to his senior sibling all his life, often modeling certain parts of his life after his counterpart. The years go on, and younger brotherContinue reading “A Coming of Age for Canada’s Economy?”