Market Commentary Interest rates remain squarely in the crosshairs of market watchers. The latest, very weak, GDP numbers have even casual observers perking up over the prospect of another Bank of Canada rate cut. The 0.6% contraction in first quarter GDP is significantly worse than forecast, but it was not wholly unexpected. Bank Governor Stephen […]

As was widely expected, the Bank of Canada left overnight rates unchanged at 0.75 percent and reiterated earlier comments about the likely trajectory of the Canadian economy. The Bank is more optimistic about the economy than private sector forecasters, believing that a rebounding U.S. and global economy will spur Canadian business investment and exports in […]

 Market Commentary The latest round of economic data has real-estate watchers returning their focus to interest rates. Activity in the bond market and the latest employment numbers are fueling predictions there will be a bump in fixed-rate borrowing costs in the near future. Employment improvements are generally seen as a harbinger of inflation. That, along […]

Julie Verhage, Bloomberg News | May 7, 2015The last couple of weeks have proven to be quite interesting for bond markets around the world. Major government debt markets including Germany, the U.S. and the U.K. have seen a dramatic sell-off, sparking stark jumps in bond yields. Read more In the past week, bonds have continued […]

Rates remain unchanged again this week. Over the past few weeks, bonds have continued an upward trend. At this time, it is too early to tell if this will continue. 5 year monies are in the mid to upper 2% range. The next meeting with the Bank of Canada is on May 27, 2015 If […]

HIGHLIGHTS OF THE WEEK Canada •    Government budget season took the spotlight over the past week as two fiscal heavyweights announced their plans for the coming years – the federal government and Ontario. •    The federal government delivered a balanced budget as planned heading into an election campaign. It also managed to squeeze in a […]

Dominion Lending Centres Chief Economist Dr. Sherry Cooper Cautiously Optimistic After Bank of Canada’s April Rate Policy Announcement April 15th 2015 Vancouver, BC – Following today’s Bank of Canada’s announcement that it will hold overnight rates steady at 0.75%, Dominion Lending Centres’ Chief Economist, Dr. Sherry Cooper, says the outlook is unclear for the Canadian economy and […]

Drawing conclusions: Will new CMHC premiums raise your mortgage payments?Preet Banerjee Published Monday, Apr. 06 2015, 11:23 AM EDT Canada Mortgage and Housing Corporation issues mortgage loan default insurance. The federal housing agency recently announced that as of June 1, 2015, it was boosting the premium rate on highest-risk mortgages. That means borrowers who have […]

Rates remained unchanged the past week. The spring mortgage rate wars/specials have started. Make sure you fully explore what product is best suited for individual circumstances. The so called “sticker price” may not be the best deal for you. Always make sure you have someone giving you unbiased advise before making any decisions. Long term […]

By  Trish Balaberde, Christine Hawkins, Darwyn Sloat – Kelowna Capital News                                              Posted Mar 30, 2015 at 3:00 PM While there are plenty of mortgage rate specials offered to home buyers, what we  don’t see are the posted rates that play and important role in the mortgage business. You might be surprised to know the banks […]