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Don Campbell on Fixed vs. Variable Mortgage Rates

June 8, 2010

There’s been some great material at the last few REIN meetings about mortgages, particularly timely given the Bank of Canada’s decision to raise prime. Don Campbell was on BNN, CBC, Alberta Primetime and a couple others talking about the best way to approach the coming rate hikes. Watch the video or scroll under to get [...]

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Almost Out of the Recession and Growing

July 23, 2009

The Bank of Canada released the July Monetary Policy Report. Straight from the mouth of Mark Carney: The Bank has long expected that economic growth in Canada would resume in the second half of this year and pick up in 2010. Indeed, growth in Canada should resume this quarter. The dynamics of the recovery projected [...]

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Are Canadian investors ready for 10% GDP growth?

July 22, 2009

There was an interesting article in the Globe last week referring to Cheryl King’s (Merrill Lynch)  comments on a report from the Bank of Canada. nvestors should brace themselves for explosive economic growth in the coming quarters as trade with the United States rebounds, Merrill Lynch said Tuesday. Economist Sheryl King said the latest Bank [...]

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Peter Kinch on Conflicting Rate Reports

June 8, 2009

Peter Kinch is a great mortgage broker, and I use one of his brokers. He’s also a frequent speaker on various radio and tv programs. Here’s a transcript from News 1130 last Friday (June 5th) between Peter Kinch and Russell Byth last Vancouver. Russ: The Bank of Canada is standing pat on rates keeping the [...]

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Mark Carney, David Dodge and Russell Westcott on Alberta Prime Time

May 4, 2009

Here’s a 20 minute video that gives some pretty cool insight into Mark Carney, Canada’s monetary policy and economic strengths. The first half is an interview with Mark Carney, Governor of the Bank of Canada. The second half is a panel with Kelly Keehn, Jack Mintz from University of Calgary , and Russell Westcott. My [...]

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6 Things You Should Do To Your Mortgage When Interest Rates Drop

April 21, 2009

The Bank of Canada just dropped the prime interest rate by 0.25% making it….0.25%. The federal banks quickly followed. Here are the 6 things you should do right now. Call your banker/mortgage broker and reduce your mortgage payments as close to interest-only as possible. Do not go into negative-amoritzation (i.e. where your loan gets bigger). [...]

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Stay Variable or Lock In?

March 8, 2009

I posted last week about the Bank of Canada dropping prime again, and how interest rates are at a historic low. I got Peter Kinch’s newsletter a day or so later and he talks about the change and if it’s better to stay variable or look at locking in. (FYI, Peggy Wong in Peter’s office [...]

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Real Estate Link RoundUp – March 3rd 2009

March 3, 2009

Here’s a selection of the news I’ve collected in the last little while. It either gets tagged in my RSS reader or in my Delicious bookmarks. Bank of Canada drops prime another 50 basis points BofC did what we expected and cut prime by half a percent. It was nice to see the banks follow [...]

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