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There was an article today from the Financial Post about one of the major banks decreasing their interest rates. It is great free advertising for them, and I can only wish that a national newspaper would give me free press every time I had a mortgage lender that lowered interest rates, as all of my…

The Globe and Mail has an article out today on how Canadian home prices are continuing to rise despite the slower activity in the market recently. While these figures do not take into account July sales numbers, it is still a positive sign for everyone that believes the bubble on the housing market is bursting…

Each day I wake up and I check my email…and it seems like every day I am getting new notices about lower and lower rates. Last April I thought that rates were extremely low, and after fixed rates quickly went back up 1% I thought that we had seen the bottom…but it appears we are…

CIBC world markets has trimmed their forecast for a Bank of Canada rate hike in coming months. The reasons for changing their forecast is due to slow growth in world markets, particularly in the US, which is Canada’s largest trading partner.

The Canadian dollar continued to go up in value, reaching 98 cents US yesterday for the first time since May. This is usually what happens when the Bank of Canada raises interest rates, as they have twice recently and are expected to possibly do again in their next rate update.

Today I got this article come across my desk from the Financial Post talking about the “new reality” that everyone in the housing market will be facing in the near future. It is talking about the historical returns in the appreciation of real estate and how they are unsustainable, and gives some examples of people…