Home prices rise in February, but pace slows

Home prices rise in February, but pace slows

WHY Home Prices are still on the Rise? Source: Hannif Highclass Publish:MY BLOG: Toronto Real Estate: April 6, 2011 what you should expect Price increases in Canada’s booming housing market may be topping out, according to the latest survey by the country’s largest real estate organization. The Canadian Real Estate Association says the survey of […]

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Mortgage Rates Canada: Tipsy Topsy?

Mortgage Rates Canada: Tipsy Topsy?

Royal Bank Canada is raising its posted fixed and variable mortgage rates, of between 10 and 50 basis points in a sign the era of ultra low borrowing could be drawing to a close.

The Toronto-based lender said its posted five-year closed mortgage rates will move up 20 basis points to 5.44 per cent effective Mar. 29, while bank’s special fixed rate offer on a four-year fixed rate will add 50 basis points to 3.49.

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Problems With Household Debt:

Problems With Household Debt:

Bank Of Canada Warns Home Equity Loans Pose Threat To Financial Security:
Canadians are becoming increasingly vulnerable to a housing correction, exposing them to a perfect storm of high debt and falling assets, the Bank of Canada warns. The Bank of Canada also notes that increasing debt levels have made Canadians more vulnerable to bankruptcies and insolvencies. Since 2000, about 100,000 Canadians a year have filed for insolvency or bankruptcy, triple the number in the 1980s.

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Bank of Canada Prime Rate Update September 7, 2011

Bank of Canada Prime Rate Update September 7, 2011

There was talk, just a few short weeks ago and it was widely expected that interest rates were set to rise this fall, those rate hikes have been pushed out, possibly to as far as next summer. Given the current fragility of the global economy, we no longer expect the Bank of Canada to raise interest rates this year and anticipate moderate monetary tightening beyond the second quarter of 2012. READ…..

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Bernanke apes Carney

Bernanke apes Carney

THIS BLOG : Americans for a change are following our Bank of Canada Mark Carney’s incentive to keep the interest !

FELLOW – genieSABRE – FINANCIAL BLOG – you will be glad you did!

Interest rates, especially the rates on interbank exchanges and Treasury bills, have as profound an effect on the value of real estate.
Because the influence of interest rates on an individual’s ability to purchase residential properties (by increasing or decreasing the cost of mortgage payments) is so profound, one of the deciding factor in real estate valuation is the mortgage rate.

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