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Ottawa -The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Now may not be time for brokers to take their foot off the gas, with rising home sales in June likely to zap the strength of the fall market, according to one economist, reflecting on interest rates.
The interest rate dilemma has arrived again for homeowners.
Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Canadians end up paying off their mortgages in about two-thirds of the time originally intended, according to a new survey which questions whether Ottawa’s crackdown on the real estate market is needed.
Finance Minister Jim Flaherty is dismissing fears about Canada’s housing market, saying the current slowdown is welcome news and that there is no need for further government intervention.
Mark Carney will offer his last major economic forecast as Bank of Canada Governor today while probably keeping interest rates where they’ve been since September 2010 and signaling his replacement will also have little need to act.
CIBC’s decision to limit broker originations to its own network following the closure of FirstLine is now reflected in its bottom line, specifically its Q1 results.
LONDON, Ontario (Reuters) - The head of the Bank of Canada reiterated on Monday that the next move in the country's interest rates is likely to be higher, even as he acknowledged growth in the last quarter of 2012 might have been softer than predicted.
A MortgageBrokerNews.ca article detailing one man’s battle with TD over a $17,000 mortgage penalty generated a maelstrom of comments and criticism not only for lenders, but brokers.
Mortgage brokerage, refinancing services and financial advice for the self-employed, seniors, first time home owners, and investors in South Western Ontario, including Waterloo, Kitchener, Guelph, Ayr, Elmira, Fergus, Elora, Milton, Elora, Moffat, Cambridge, Breslau, Georgetown and Acton. Contact The Mortgage Centre in Kitchener Ontario at 519-743-4365.
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