News
Feb 13
Mortgage Brokers Undercut Banks
Mortgage brokers are once again undercutting the banks and some are willing to buy down your rate — eating part of their commission in the process — to gain customers.
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Jan 17
No BoC Rate Change for 16th Straight Month
Canada’s key interest rate will begin 2012 exactly where it’s been since September 2010 – unchanged at 1.00%
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Dec 29
CMHC warns on household debt
Canada Mortgage and Housing Corp. cautioned that Canadians need to be “vigilant” about growing levels of household debt...
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Dec 20
Merrill: ‘classic bubble’ signs in Canadian housing market
Canada’s housing market shows the “classic signs of over valuation, speculation and over supply...
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Dec 6
Bank of Canada keeps interest rates unchanged
OTTAWA—Warning that the recession in Europe will be worse than expected, the Bank of Canada held interest rates steady in its latest rate-setting.
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Oct 25
BoC in holding pattern
While the Bank of Canada left its key interest rate unchanged at 1%, its much more dovish statement got all the attention.
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Oct 19
Open Mortgages vs Closed Mortgages
Open mortgages and closed mortgages are two different types of mortgages. The main difference between the two arises in the freedom of paying off your mortgage, with penalties (as is the case with closed mortgages), or without penalties (for open mortgages).
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