Real estate blog entries tagged with banks by Robert Morrow (Chase Realty Inc. Brokerage)

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Home : Blogs : Robert Morrow : Hamilton Home Review-Robert J. Morrow, editor : Tag "banks"

banks: Government buys $75m in Bank Mortgages - 11/17/08 11:53 PM

Finance Minister Jim Flaherty pledged today to triple the amount of mortgages the government can buy from banks to as much as C$75 billion ($61 billion). He also reduced the cost for banks to tap a government loan insurance program by 50 basis points after it went unused at the initial premium of as much as 185 basis points, or 1.85 percentage points.
What does this mean to the average Buyer contemplating the purchase of a home?
Flaherty admits that Canada's banks are amongs the world's safest but does that assure consumers that our banks can still provide not only competitive … (1 comments)

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Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.

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