canadian interest rates: The End For Canadian's 40 Years Mortgage? - 06/14/08 03:51 PM
Finance Minister Jim Flaherty recently suggested it might be wise to outlaw 40-year mortgages.
"A recent Statistics Canada study showed Canadians are finding themselves with two mortgages and deeper in debt than at any time in their lives. They are increasingly house poor, and with housing values sliding, they often owe … (3 comments)

canadian interest rates: Panel of economists vote for an end to rate cuts - 06/11/08 01:36 PM
The following is a Financial Post article on Candaian interest rates as presented by a panel of economists:
A panel of nearly a dozen non-government economists Thursday urged the Bank of Canada not to go ahead with an expected further interest-rate cut Tuesday, with some members voting for a rate hike … (0 comments)

canadian interest rates: Mortgage News - 05/26/08 05:50 PM
Here is the 10 weeks 5-year bond rate as reported by the Bank of Canada.

Copyright © 1995-2008, Bank of Canada.
The gradual increase in the bond yield over the past 10 weeks confirmed the earlier RBC Economics's quaterly rate forecast that future interest rates were likely to go up.
… (0 comments)

canadian interest rates: Can interest rates stay low for long? - 05/12/08 07:56 PM
The Globe and Mail reported on May 05/2008:
"Inflation worries will drive interest rates higher: Rubin"
While the Bank of Canada may cut interest rates one more time, unrelenting pressure on food and energy prices will boost inflation over the next 12 months and force rates at least 100 basis points … (1 comments)

canadian interest rates: Interest Rate Spread Widening? - 05/03/08 01:12 PM

Recent increase in the bond yields and the spreads between shorter (1 and 2 years) and the longer term (5, 7 and 10 years) bond yields in the US and Canada may signal the return to a more normal rate differentials. Historically, the spread between the shorter 1 and 2-year mortgages … (0 comments)

canadian interest rates: Bank of Canada lowers overnight rate target by 1/4 percentage point to 4 1/4 per cent - 12/04/07 03:46 PM
JUST RELEASED - 4 December 2007
OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now … (0 comments)

 
Real Estate Agent: James Wong Richmond BC Realtor (Remax Westcoast)
James Wong Richmond BC Realtor
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