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Bank of Canada increases Prime Lending Rate, Affecting Variable Rate Mortgages
As widely anticipated, the Bank of Canada today increased its prime rate to 2.75%, affecting variable mortgages. The Bank of Canada is […]
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Keep The Condo…Pay Down The Mortgage…Lower Your Taxes
On the Globe and Mail website today is a segment in which a reader poses a question about her financial situation and […]
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Vancouver Home Sales Down 30%, Still The Second Best June Ever
In this article on the Globe and Mail today, they talk compare sales from this past June with the June of 2009, […]
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Bank of Canada Decreases Mortgage Qualifying Rate
The bank of Canada has decreased the their 5 year qualifying rate to 5.79%. This is the rate that “A” mortgage lenders […]
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US Mortgage Situation Bleak in Contrast to Canada
I came across this interesting article today that talks about the struggles in the US mortgage industry and housing market and also […]
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Strong Job Numbers Lead to Prime Mortgage Rate Increase
There is a news report today following a report from Statistics Canada stating that the Canadian economy added 93,000 jobs in the […]