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Category Archives: Canada News
The Bank of Canada has lowered their interest rate by 0.25%. The overnight rate was lowered from 0.75% to 0.5%. Prime Rate is now at 2.5%. Assuming, of course, that lenders follow the Bank of Canada’s lead, we should see … Continue reading
Having trouble keeping track of the multitude of factors affecting the price of oil and the buzzwords associated with them? We are too. Here’s an quick little Encyclopedia of terms relating to
Just as we saw during the recession in ’08 & ’09, a slower-paced Fort McMurray will give the city a chance to catch up with infrastructure, give the province more time to twin Highway 63, give developers time to expand … Continue reading
OPEC’s Secretary-General Abdulla al-Badri sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. What he’s stating is that as the world slows its investments in oil production, something we’re intimately … Continue reading
One leading economics professor is calling on CMHC to disclose details about the level of risk in its portfolio — something the Crown corporation deems “sensitive” information. “They used this as an excuse to cloak what they were doing,” Dr. … Continue reading
For the past few years, we’ve all been talking about the changes to amortization periods and how that affects housing affordability. Now, CMHC has issued new guidelines for calculating debt service ratios. Stricter Debt Ratio Standards on the Way.
According to statistics released today by The Canadian Real Estate Association Canadian home sales rise in April.
Historically, Bond Rates and Fixed Mortgage Rates have fluctuated in relation to each other.Canada’s Bond Rates have climbed in the past few days. As a result, some lenders are increasing their interest rates. Interest Rates are still at a historical … Continue reading