The Bank of Canada left the overnight rate at 0.25% Tuesday morning and opened the door to rate increase at the June meeting by removing its conditional commitment to keep the policy rate at its current level, “until the end of the second quarter of 2010.” The Bank stated that with, “recent improvements in the [...]
Looks like the end of the low home borrowing costs! By Sunny Freeman, The Canadian Press TORONTO – Rising mortgage rates announced Monday signal the end of historically low home borrowing costs and present Canadian consumers with a dilemma: either stay flexible, hope for the best and ride out the next several months or lock [...]
Great read for understanding what the new rules coming into effect on April 19 are going to do to strengthen mortgage rules. By Derek Scott, The Canadian Press VANCOUVER, B.C. – Buying a house in the hot housing markets of Vancouver, Toronto and other major cities in recent years has been a possible dream for [...]
You’ve probably seen that banks only lend money to those who don’t need it. When you have the cash, they tell you that your credit score’s not good enough…When you have a good credit score, then you don’t have the cash!! We have been conditioned to believe there is only one way to own our [...]
