It seems that the times of historic-low interest rates are behind us – for the foreseeable future anyway. So what happens if your mortgage is due for renewal in 2023? Maybe you are one of the lucky ones to lock in a 5-year rate at 2.0% or less over the last two years, and youContinue reading “What Do I Do If I Can’t Afford To Renew My Mortgage?”
Tag Archives: Interest Rates
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”
Interest Rates may decrease; at least hold.
Why might the recent turmoil in the financial markets be good for home owners and buyers? See below: From http://lfpress.ca/newsstand/Business/2007/08/11/4409763-sun.html TORONTO — The global financial turmoil that has rocked world financial markets may have a bright side for Canadians — it could end up keeping interest rates lower despite rising inflation, economists say. WithContinue reading “Interest Rates may decrease; at least hold.”