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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 […]
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New Mortgage Rules make Changing Lenders Difficult
I came across this article in the Financial Post today that confirms some of the things I have been writing previously, and […]
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Dollar Soars, Mortgage rates to follow
The Bank of Canada made a decision to keep the prime lending rate as it is for now, but removed the guarantee […]
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Variable mortgage rates to stay low until next year
According to the FINANCIAL POST, on Thursday, the chief economist of CIBC, Avery Shenfeld, has estimated that the Bank of Canada prime […]