Japanese disaster won’t plunge global economy back into recession: economists By Sunny Freeman TORONTO – Recent tragic events in Japan follow a string of global catastrophes that could slow economic recovery in the short term, but should not push either the Canadian or global economies back into recession, according to some of Canada’s top economists. […]

Important bank announcement coming! One of the major banks announced that as of March 16th they’re going to make it easier for  people who rely on alternative courses of income to get approved for a mortgage. This shows us that the banks are feeling more confident in Canadian consumers and seeing that the channels they’re […]

http://www.globaltvbc.com/video/index.html?releasePID=QNa6QANW1CD6cWgDiPWWFh4cG2txGvOo Enjoy the segment, it’s approx 2 minutes Angela

OTTAWA – Canada’s economy was surprisingly hot at the end of last year, setting the stage for another fast start in 2011 that bodes well for jobs and other economic indicators.   The economy grew a better than expected 3.3 per cent in the last quarter of 2010, a full point stronger than the Bank […]

 As you’ve likely heard in the news lately, Canadian household debt is at an all time high with an average 150% debt to income ratio.  As a  Mortgage Expert, I can offer solutions.  When you think you may want a fixed rate, look at our variable protection strategy. It gives  the benefits of taking a […]

Why do mortgage rates rise fast, fall slowly? John Greenwood   Financial Post Why do mortgage rates rise quickly but fall like molasses? That’s the question posed by an article in the latest issue of the Bank of Canada Review, and it’s a good one. The report, by Jason Allen of the central bank’s financial stability department, […]

Here we go, again. The economy is generating more jobs, a handful of banks raise mortgage rates and all of a sudden you’re being advised to lock in your mortgage before the bank doors slam shut. In fact, some say you’d better hurry up and buy a house now before mortgage rates go so high […]

Think Outside the Bun  Rob McLister, CMT  That is Taco Bell’s slogan.  It’s meant to remind us that fast food doesn’t end with hamburgers. Tacos are pretty tasty in their own right. In the lending world, the closest equivalent to “the bun” is the 5-year fixed mortgage. Like hamburgers are to fast food, the 5-year […]

Housing market will be stable next two years: RBC A stronger economy will offset the effects of higher mortgage rates andkeep Canadian house prices stable over the next two years, according tothe Royal Bank of Canada.In a market update that has the bank forecasting price gains of 0.5 percent in 2011 and 1.3 per cent […]

By The Canadian Press OTTAWA – Interest rates are going up, and the federal finance minister says he expects them to rise even more. The Royal Bank increased several of its posted and special mortgage rates on Tuesday, joining TD Bank and CIBC. All three banks have increased the posted rate for a five-year closed […]