Why do interest rates continue to rise? - 05/30/07 09:39 AM
After reading the following press release, I can impress on you enough the importance of having your application for mortgage preapproved now before the next wave of rate increases.  Regardless of purpose, purchase, refinance or renewal this preapproval will protect your rate against further increases for up to 120 days.  See below for contact information and … (2 comments)

Bank of Canada Announcement - 05/29/07 02:08 PM
OTTAWA- The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.Information received since the April Monetary Policy Report Update (MPRU) indicates … (0 comments)

“Subject to sale” clause requires a reality check - 05/29/07 06:22 AM
It's been a ball, hasn't it? The real estate market has been so hot for so long, we  can hardly believe what houses are selling for these days. Everyone's got a story  about a friend or neighbour who got some fantastic price for a home. However there are some down sides … (2 comments)

The return of the clothes line; get a hang up this spring! - 05/23/07 06:39 AM
The old-fashioned clothes line of our grandmother's time may be due for a revival. The power blackouts of the past few summers have many people thinking outside the box: in fact, they're thinking outside... period. A clothes line is a terrific contribution to energy savings - since the dryer is one of … (10 comments)

One in four Canadians aim to buy a recreational property - 05/17/07 06:32 AM
The un-official start to the cottage season is here, and as Canadians look for ways to make the most of their summer, many are looking to the country's hot recreational property market to maximize their seasonal enjoyment. And, even as prices continue to rise and more people turn to a mortgage … (3 comments)

Stability in the Money Market - 05/03/07 11:19 AM
Here is some historical data on the Canadian Prime Rate I thought you'd find interesting.If the Prime Rate remains the same for the next two weeks, it will have been 6.00% for a full year.  The last change was May 17th, 2006.The Prime Rate has not been that stable (over a 12 month … (1 comments)

 
Mortgage Company: Mortgage Intelligence Inc. (Dave Yeoman)
Dave Yeoman
Barrie, ON
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