Garry Marr, National Post The National Association of Realtors (U.S.) reported that Canadians spent US$2.2-billion on Florida real estate in 2013. This makes Canada the state’s No. 1 international buyer of real estate for the seventh consecutive year. Canadians comprised 31.6% of all international purchases in Florida. 89% of Canadians pay cash for their property […]
Canadians Prolific Buyers of Florida Property Read More »
The Bank of Canada has again decided to keep their key overnight lending rate unchanged. This, despite the fact that inflation (CPI) has moved closer to the 2% target. The Bank’s key rate directly influences the Prime rate which is the index rate used for floating/variable rate lending. There continues to be no reason for
September 3, 2014 BoC Rate Announcement Read More »
The Bank of Canada has again decided to keep their key overnight lending rate unchanged. This, despite the fact that inflation (CPI) has moved closer to the 2% target. The Bank’s key rate directly influences the Prime rate which is the index rate used for floating/variable rate lending. There continues to be no reason for
Bank Rate Watch, June 2014 Read More »
This week the Government of Canada issued it’s first 50 year bond at an interest rate of 2.96%! It sold $1.5 billion at double the minimum target. If this isn’t an indication of low stable interest rates for an extended period of time then we can’t think of anything else that is. This was a
Canada Issues First 50 Year Bond Read More »
When the BoC says: The global economy is evolving largely as anticipated, it really means: There isn’t a whole lot that has changed since the last time we said something and rates are not changing! In summary: the Canadian economy is beginning to show signs of slowing down, while the U.S. economy is showing some
BoC: “..evolving largely as anticipated” Read More »
Another announcement of stability today came from the Bank of Canada. No surprise as Canada follows on the heals of the U.S. in monetary policy. No rate change by the BoC. This marks more than three years that the BoC’s key rate has stood at 1% and Canadian Prime rate at 3%. The talk now
More Beautiful Boring News from the Bank of Canada Read More »
As we get further away from the financial crisis of 2007/08 and the economy of the U.S. continues to get back on track we will slowly see interest rate pricing normalize for mortgages. This means that the difference in the pricing between fixed rate mortgages vs. adjustable rate mortgages (ARM’s) will again favour ARM’s, as
ARM Mortgages Making A Comeback Read More »
The BoC has again decided to leave it’s key overnight lending rate at 1%, where it has been for almost three years now. New BoC governor Stephen Poloz, has warned that the Alberta flood and the Quebec construction strike of recent weeks will have a negative effect upon the Canadian eceonomy in 2013. Further he
Bank of Canada Announces Continued Rate Stability Read More »
Today the Bank of Canada has, on it’s scheduled announcement date, decided to again leave their Key Overnight Lending Rate alone at 1%. This should in turn influence key Canadian financial institutions to leave their Prime lending rate(s) at 3%. We have a allot of respect for people that can take the driest of subject
B of C Rate Announcement – English Literature at its Finest Read More »
IRD, a home owner’s most feared three letter acronym! Clients looking to refinance their existing mortgage to lower their rate or moving to a new property, run into this term every time, especially these days. The size of an IRD (interest rate differential) penalty depends upon who you have your mortgage with, not just the interest rate
Beware the IRD Mortgage Penalty Read More »
