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BofC Overnight Target Up 0.25%

September 9, 2010 Financing

As many expected, the Bank of Canada raised rates 0.25%, making the overnight rate 1%. Most banks followed suit, making the prime rate 3%. Here’s the high points from the press release (via Canadian Mortgage Trends) “…Consumption growth is expected to remain solid and business investment to rise strongly.” “The Bank now expects the economic [...]

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September 8th Bank of Canada Predictions

September 7, 2010 Business

I know we’re cutting it a little close with this one, but when the Bank of Canada releases the new overnight rate tomorrow morning, do you think it’s going to go up or down? I’ll share the responses tomorrow after the announcement. Loading…

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8 Links for Your Weekend – Parade Style

August 13, 2010 Cool Websites
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Here’s some links to help your Friday (or Saturday) go a little faster. I’m going to try and post things like this a little more regular, so please leave a comment and let me know if there’s types of links, news, topics or questions you’d like to see more of! From Lovely Listing – NFSWednesday: [...]

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Don Campbell on Fixed vs. Variable Mortgage Rates

June 8, 2010 Financing

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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You Don’t Buy a Happy Meal for the Toy

March 4, 2010 Financing
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I had an awesome question via Twitter from Ben Arledge, a REIN member and web developer. Thoughts on life/disability insurance on rental property? To which I replied: Not worth it, better do deal with a real insurance broker and get the right insurance. You don’t buy a happy meal for the toy. His next question [...]

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Peter Kinch on New CMHC Mortgage Rules

February 18, 2010 Financing

For those of you who caught yesterday’s changes to CMHC’s lending rules, here is Peter Kinch (Canada’s #1 Mortgage broker) weighing in on the topic. I agree with him, the changes are good window dressing, but will have very little impact on the market.

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The Right Mortgage For Me

January 31, 2010 Financing
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I’ve got a lot of friends who are buying their first homes right now. We go out for coffee and people are talking about how big they’re trying to make their down payment, or how quick they can manage to pay off their mortgage. That’s great, and I’m glad they’re being fiscally responsible. I’m looking [...]

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