Posts Tagged ‘ Mortgage Financing ’

The Bank of Canada maintains its target for the overnight rate at 1 per cent.

January 23, 2013

Ottawa - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic outlook is slightly weaker than the Bank had projected in its October...
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Mortgage Financing- Bank Of Canada Announcement

December 4, 2012

Ottawa – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has unfolded broadly as the Bank projected in its October Monetary Policy...
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New risks in the Canadian mortgage market.

November 21, 2012

– Interviews this fall with more than 2,000 Canadians indicate that those holding mortgages are comfortable with their debt, a majority plan to pay off their mortgage in less than 25 years, and at least one-third are taking advantage of current low interest rates to accelerate payments, according to the most recent survey report...
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Bank of Canada maintains overnight rate target at 1 per cent

October 23, 2012

Ottawa, Ontario - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has unfolded broadly as the Bank projected in its July Monetary...
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CMHC – housing stars slowed in September‏

October 9, 2012

Canada Mortgage and Housing Corp. says the pace of housing starts slowed in September, due mainly to a decrease in starts of urban apartments and condos. The corporation says there were 19,750 starts across the country in September. Extrapolating that over 12 months and adjusting for seasonal variations, the September number translates to an...
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Breaking News: Ottawa cuts mortgage amortization to 25 years

June 21, 2012

OTTAWA — The federal government is moving once again to tighten mortgage lending rules, announcing Thursday it’s reducing the maximum amortization period for a government-insured mortgage to 25 years from 30 years. To read more, go to http://business.financialpost.com/2012/06/21/ottawa-cuts-mortgage-amortizations-to-25-years/
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Press Releases – Bank of Canada

June 5, 2012

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The outlook for global economic growth has weakened in recent weeks. Some of the risks around the...
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Bank of Canada maintains overnight rate target at 1 per cent

April 17, 2012

The today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The profile for global economic growth has improved since the Bank released its January Monetary Policy Report (MPR). Europe is...
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Aging population helping shape future housing market – CMHC

January 13, 2012

The Canadian Mortgage and Housing Corporation’s latest study on housing trends predicts that an aging Canadian population will help continue to drive demand for condominiums and smaller homes, institutional buildings such as old age facilities, as well as a lively market for renovators. The oldest of the baby boomer generation are now entering their...
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Bank of Canada’s announcement!

December 6, 2011

Ottawa – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. Uncertainty around the global economic outlook has increased in the weeks since the Bank released...
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Bank of America: Canadian variable mortgage borrowers may face trouble

November 2, 2011

According to the recent report from Bank of America Merril Lynch, Canadian variable mortgage holders may face serious dangers. The report says there’s a large number of variable rate mortgage borrowers who are quite vulnerable to the potential rate hike. In addition to it, they suggest almost two thirds of all mortgages originated recently...
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Most Canadians comfortable with non-mortgage debt situation

September 15, 2011

TORONTO – Two seemingly contradictory reports evaluating national debt levels tell the same stark truths about the rising severity of the financial straits facing many Canadians, analysts said Wednesday. A poll released by the Royal Bank of Canada (TSX:RY) exposes the complacent attitudes that many Canadians have adopted as a result of months of...
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Raising Variable Mortgage Rates

August 29, 2011

As predicted, on the heels of RBC’s announcement that they were raising variable mortgage rates, other banks have followed suit, with CIBC and BMO raising their variable rates as well. This initial rate hike from RBC came somewhat as a surprise to some, given the current economic environment- but many attributed the rate increase...
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Bank Of Canada Announcement – Rates to Hold, for Now

July 20, 2011

Although this is something Canadians are getting very familiar with, there is a distinctly different flavour with Mark Carney’s latest decision this morning to hold rates again- for the seventh consecutive time. In a press release this morning, they said: “The Bank of Canada today announced that it is maintaining its target for the...
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CMHC Survey Shows Homebuyers Taking the Time to Plan

June 22, 2011

OTTAWA, ON, June 22, 2011 — Canada Mortgage and Housing Corporation (CMHC) released its 2011 Mortgage Consumer Survey today providing insight into the attitudes and behaviours of Canadian mortgage consumers. The survey found that the internet continues to be a valuable resource for homebuyers. Among recent buyers using an online search engine, the most...
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Today’s announcement from the Bank of Canada!

May 31, 2011

Hi Folks, Here is today’s announcement from the Bank of Canada! Ottawa – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic recovery...
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First-time buyers make the home-sales world go around

May 26, 2011

If you’ve ever wondered how vital first-time buyers are to the real estate market, here’s the answer. “First-time buyers make the home-sales world go around,” states the report. They play “an important role as buyers in the newly built market and also in purchasing existing homes…” First-timers are especially vital to lower-end property sales....
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BoC rate hike on hold until September: RBC

May 25, 2011

The Bank of Canada’s plan to raise interest rates and exit its stimulus program has been delayed to September due to renewed uncertainty about the fiscal crunch in Europe and its potential spillover effects into Canada, the team at RBC Economics said Tuesday. Dawn Desjardins, assistant chief economist with RBC, expects the BoC to...
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