Archive for October, 2009
Is it getting more difficult to get a mortgage ?
Oct 29th
Don’t expect rubber stamped approvals anymore….. Whether you are planning to move from an existing home or are stepping into the property market for the first time, and unless you have a substantial supply of cash, you will likely require a mortgage. Interest rates may be at historic lows but with More >
Bank of Canada leaves rates unchanged… Now what ?
Oct 22nd
The Bank of Canada on Tuesday said it kept its overnight rate target at 0.25% and repeated its conditional commitment to keep it there until the end of the second quarter of 2010. “Global economic and financial developments have been somewhat more favourable than expected at the time of the More >
How long will rates stay low?
Oct 20th
Low rates look safe for a while
“There are arguments that this country needs an extended period of credit coddling.”
With Canada’s economy looking perkier than expected and Australia’s central bank having sprung the world’s first rate-hike surprise two weeks ago, murmurings have arisen that the Bank of Canada could More >
