BOC raises rates .25 basis points

General Angela Calla 1 Jun

The Bank of Canada as suspected has raised its overnight rate by basis points and the banks will most likley follow by raising prime to This means if you have a 400,000.00 mortgage your payment will increase by as much $60/monthly. With every 25 basis point increase you can expect $12-$15 dollars per 100,000.00 in mortgage amount. We […]

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51% chance of June 1st rate hike

General Angela Calla 20 May

JUNE 1 HIKE IN QUESTION By Claire Sibonney Reuters   The negative news has led many to question whether Bank of Canada will start raising rates from their current record lows on June 1. Yields on overnight index swaps, which trade based on expectations for the Bank of Canada’s key policy rate, have fallen in recent […]

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Most analysts believe we will see a .25 increase June 1

General Angela Calla 12 May

Even recession didn’t slow down Canadian’s spending, report finds Tue May 11, 1:55 PMJulian Beltrame, The Canadian Press OTTAWA – Neither recession, global uncertainty nor growing joblessness appears to have stayed Canadians’ appetite for spending money they don’t have. A new report by the Certified General Accountants Association of Canada shows that household debt in […]

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Time to lock in that mortgage rate?

General Angela Calla 11 May

Courtesy of the Financial Post Andrew Allentuck, Financial Post  Published: Thursday, May 06, 2010 Taking on a mortgage is a big commitment. Every buyer who uses a mortgage has the choice of floating or going with a fixed rate that often costs a couple of percentage points higher per year. Today, for example, one can get […]

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Recent CMHC 2010 Survey numbers explored

General Angela Calla 3 May

CMHC Survey – Revisited 0 Comment(s) > TORONTO, May 4 /JAC/ – The recent CMHC “The 2010 Mortgage Consumer Survey” provides some interesting numbers relating to lender loyalty at renewal time and mortgage broker market share, with more than half of British Columbia home buyers utilizing the services of a mortgage broker. The Survey in […]

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As Mortgage Rates Rise, Is now the time to lock in?

General Angela Calla 29 Apr

  April 28th 2010 Royal Bank has raised its mortgage rates three times in a month and other banks are following suit. What does this mean for your mortgage? Here’s advice for those who are taking out a mortgage or renewing in the next few months. Q: Now that rates are rising, should I lock […]

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Are the big banks jumping the gun?

General Angela Calla 29 Apr

The Globe and Mail Published on Thursday, Apr. 29, 2010   Interest rates are rising – we all get that – but it looks like the Big Banks are pushing things a bit with mortgages.   After a pair of increases in the past two weeks, the posted Big Bank five-year fixed mortgage rate now […]

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Mortgage rates on the rise again-still at record lows

General Angela Calla 27 Apr

  Garry Marr, Financial Post   A new survey says more than four out of five home buyers feel comfortable with their debt, but another hike in interest rates might get Canadians squirming next time they’re polled. Canada and Mortgage and Housing Corp. surveyed 2,503 mortgage consumers between Feb. 11 and Feb. 28 and found […]

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Inflation eases in March, gives central bank more wiggle room

General Angela Calla 27 Apr

  Julian Beltrame, The Canadian Press OTTAWA – Inflationary pressures in Canada eased considerably last month, putting into question expectations that the Bank of Canada will be raising interest rates in a matter of weeks. Statistics Canada reported Friday that Canada’s annual inflation rate slipped by two-tenths of a point to 1.4 per cent, and […]

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