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Peter Kinch on Conflicting Rate Reports

June 8, 2009 Financing

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 Economic Fundamentals

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 Financing

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 Financing

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 News

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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Chris’ News Roundup – Canadian Edition

November 30, 2008 News

Bank of Canada faces pressure to make deep cuts in interest rates The Bank of Canada will step up to the plate to support the slumping economy with a whopping three-quarter-point cut in interest rates before Christmas, analysts with Canadian financial institutions projected. I’m glad I’m on a variable rate mortgage. I love getting the [...]

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Banks tighter than a duck’s ass

September 28, 2008 The Economy

So, unless you’re dead, you’ve been reading about the stock market crash and the death of AIG; the explosion of WaMu (Washington Mutual) and Congresses’ $700 billion bailout. The real issue right now isn’t what happened; it’s what can’t happen going forward. All this has caused the entire finance industry to pucker tighter than ducks [...]

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