This morning at its June 1, 2010 meeting, the Bank of Canada raised its key overnight lending rate (the rate at which it lends funds to chartered banks) one-quarter per cent (25 basis points) to 0.5%, its first rate hike in almost three years. What can we expect? Banks will be increasing their prime lendingContinue reading “Bank Of Canada Raises Interest Rate to 0.5% At June 2010 Meeting”
Tag Archives: financing
Bank Of Canada Cuts Interest Rate to 0.25% At April 2009 Meeting
To the surprise of many analysts, this morning at its April 21, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.25%, continuing the trend of historic low rates in an effort to stimulate the economy. Since December 2007,Continue reading “Bank Of Canada Cuts Interest Rate to 0.25% At April 2009 Meeting”
Bank Of Canada Cuts Interest Rate to 0.5% At March 2009 Meeting
UPDATE: CLICK FOR THE APRIL 21st, 2009 INTEREST RATE ANNOUNCEMENT This morning at its March 3, 2009 meeting, the Bank of Canada cut its key overnight lending rate (the rate at which it lends funds to chartered banks) another half-percent to 0.5%, continuing the trend of historic low rates in an effort to stimulate theContinue reading “Bank Of Canada Cuts Interest Rate to 0.5% At March 2009 Meeting”
Radius Victoria isn’t Dead Yet
Sometimes the sound of silence on a formerly buzzing construction site can be deafening. We haven’t heard anything about the stalled Radius project in uptown downtown Victoria in months, since the project was stalled due to credit woes in late 2007. But in today’s Times Colonist, John Schucht, president of Waywell Development, is quoted sayingContinue reading “Radius Victoria isn’t Dead Yet”
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”
First-Time Home Buyer’s Seminar
West Shore Professionals Hosting Free Event Tuesday, January 29th, 2008 at 6:00 P.M. Exclusive first-time buyer’s seminar. Hosted by three of the West Shore’s best and brightest professionals, this informative presentation will enlighten you on the process of buying your first home, and lay out options to make your home ownership dreams a reality! YourContinue reading “First-Time Home Buyer’s Seminar”