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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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Next Door to Edmonton’s House Explosion

June 24, 2010 For Real Estate Investors
Thumbnail image for Next Door to Edmonton’s House Explosion

You may have already seen in the news that a massive explosion leveled a north Edmonton house and damaged several others last weekend. One woman was removed from the rubble tied up and police are now saying that three of the four deaths are homicides. This was only about 5 minutes from my own house, [...]

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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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Link-o-Ramma for Aug 8

August 8, 2009 News

Here’s some great stuff from around the blogosphere. I’ve heard sounds about bidding wars and markets heating up, in Toronto in particular. I can tell you that I got a call from my Realtor in Kelowna who had a flood of calls this morning for our unit here. Wade Graham’s Top 5 Real Estate Investment [...]

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(Edmonton) Alberta remains best place for real estate investors

June 30, 2009 Edmonton

Here’s a great article from the Gary Lamphier in the Edmonton Journal today. I also got a call last night about a great deal in Edmonton that I’m going to make an offer on this weekend. When it comes to the housing market, E-town still rules. That’s the word from Don Campbell, president of Canada’s Real [...]

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Quoted in Canadian Real Estate Magazine

April 8, 2009 Edmonton

 A while ago I got an email forwarded to me from Suzanne at Canadian Real Estate Magazine via Sara MacLennan looking for information about West Jasper Place in Edmonton. I was happy to help out, and I reached out to Brent to put out heads together. Once we made sure we all were talking about the [...]

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The Globe and Mail Drops the Ball on Subprime

March 14, 2009 The Economy

Last night I was surfing through Twitter and one tweet caught my eye. Mostly it was because it was in ALL CAPS which annoys me to no end, but the word ‘canada’ made me mildly curious. The title of the article is “Canada’s dirty subprime secret” and while I was considering a subscription before, this [...]

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