Tag Archives: bank of canada rate

Financing Your Rental Properties

Rental Property Financing Tips With the recent announcement from the Bank of Canada that the prime rate isn’t changing and isn’t likely to change in the very near future, I have a nice little segue into today’s article about financing … Continue reading

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BoC Interest Rate Announcement

Bank of Canada Interest Rates Stay at 1% Sort of. On Tuesday, the Bank of Canada made its rate announcement and kept the rate unchanged at 1%. This is the rate at which banks borrow their money and base their … Continue reading

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Outrageous Mortgage Payments in The News Again

Having been the recipient of some outrageous mortgage payout penalties in the past I have a rather jaded opinion of this practice that banks are using to provide themselves with a tidy little cash windfall. I’ve previously written about mortgage … Continue reading

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Bank of Canada Rate Announcement March 2011

Bank of Canada March 2011 Rate Holds As I have been hoping for a while, the government learned from their series of rate increases last year and held solid to the current rate. The benchmark rate is remaining at one … Continue reading

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Mortgage Rates On The Rise – Should We Panic?

Surprise surprise, banks are raising their rates. OK, we all knew it was going to happen, but now it’s suddenly front page news? The only excitement about it was who the first lenders to jump the gun would be. So … Continue reading

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Freaking Fear Mongerers

Heard it on the radio this morning. Couldn’t believe my ears. Some freaking economist in Ontario has come out with a report stating house prices could tumble 25% ACROSS CANADA. Which is exactly what the radio is reporting and as … Continue reading

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Rising Interest Rates Indicate a Solid Canadian Economy?

With the current state of the US economy, the fragile state of several European countries and the general malaise of the world economy, the Bank of Canada is sending a strong signal out about how solid the Canadian economy is … Continue reading

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Canada Housing Bubble – Really?

Will it ever end? The Canadian Centre for Policy Alternatives just came out with their report that states ”Canada is experiencing, for the first time in the last 30 years, a synchronized housing bubble across the six largest residential real … Continue reading

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Canada’s Housing Bubble To Burst – What a Great Panic Headline!

It sounds like this headline is showing up all across Canada. Variations of this headline have been triggered by a new report from the Canadian Centre for Policy Alternatives. In the report they talk about six major centers (two in … Continue reading

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Bank of Canada Raises Rates Again!?

I don’t understand. I thought I understood it, but I must be missing something. What I’m talking about is the Bank of Canada rate increases. For the second straight time, the prime lending rate has increased. Sure, it was only … Continue reading

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Bank of Canada Increases Rates by .25% – Oops

First off, I missed this entirely. From everything I was seeing and hearing the economy was cooling. The housing markets had already stalled a bit after the recent changes to mortgage qualifying requirements in April, oil prices had dropped almost … Continue reading

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