Rate increases on hold for Bank of Canada
Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September,
Credit Score info
Ever wonder how that magical number – The Credit Score – is computed?
Calgary tops the list in places to buy in Canada!
Calgary is “poised to outperform the average by a wide margin,” says Mr. Campbell, making it the top-ranked city.
fixed or variable – what is better
fixed rates or variable - what is best?
Prime up 1/4% as expected
Comment: many think that Prime will hold here or go to 3% and hold there for a long while as the economy gets going again.
1/4% Prime Raise
The Bank of Canada raised its benchmark interest rate by 25 basis points for the second time in two months, even as households and governments in the developed world continue to cut back on spending.
Prime rate increase in the cards
Variable rates should stay a good option as Prime is expected to stay at 3% for the rest of the year.
The Bank of Canada will be first up when it makes its monthly interest rate announcement on Tuesday. But that will come before Friday’s critical report from Statistics Canada on the country’s consumer price index for June.
Mortgage Market Primer
If you have any interest in the nitty gritty of Canada’s mortgage industry, TD Securities’ Eric Lascelles has put out this fantastic market overview: Canadian Mortgage Market Primer
Canadian Prime rate to go up only a bit.
Variable rate mortgages are now a good deal.
Canadian Mortgage Rates May Slide Down
The bond spread is at 2.15%. The comfort zone is between 1.50% and 1.75% so rates have room to decrease.
Toronto woman paying for mortgage fraud
A Toronto woman is being ordered to pay RBC $95,000 after failing to realize she was being tricked into a mortgage fraud.