December 8, 2010
Financing
Surprising no one, the Bank of Canada chose not to raise interest rates yesterday, maintaining the benchmark overnight rate at 1%, which makes the banks’ prime rate 3%. From the BoC press release: The recovery in Canada is proceeding at a moderate pace, although economic activity in the second half of 2010 appears slightly weaker [...]
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November 10, 2010
Investing
Inspired by this weeks’s entertainment, I got thinking about the commonalities of real estate, economics and investment blogs, whatever their slant. I think there’s a lot we can agree on. Your house is not a damn ATM If you put a HELOC (home equity line of credit) on your home, be damn careful what you [...]
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Mortgage Default Rates and Assumables
September 16, 2010 Real EstateSara had a great post over at the Edmonton Real Estate Blog about Mario Toneguzzi’s article Mortgage arrears soar in Alberta. What made the post really fantastic was the discussion (still ongoing three days later) which followed in the comments. I pointed out that one thing which is likely contributing to higher arrears is the [...]