I read a neat article yesterday called The Ant Philosophy by Jim Rohn.  See Below… I think everybody should study ants.  They have an amazing four-part philosophy.  Here is the first part: ants never quit.  That’s a good philosophy. If they’re headed somewhere and you try to stop them, they’ll look for another way. They’ll climb […]

There was no change in the Bank of Canada rate today. This was largely expected. They spoke of the following changes in their previous projections. “Increase in the European sovereign debt crisis”.“The U.S. recession was deeper and recovery shallower than previously reported”“Canadian economic growth stalled in the second quarter”.“The Bank expects the total CPI inflation […]

World markets continued to focus on the looming U.S. debt deadline. Bond prices continued to stay near lows for 2011. There were no changes in fixed or variable interest rates.  If you have a variable rate of any more than prime or prime + or a fixed rate of 4.75% or more, we should explore […]

As was highly expected, the Bank of Canada (hereafter referred to as “the Bank”) held its benchmark overnight rate at 1.00% today; this rate has now been at this level since September 2010. In staying put, the Bank concluded that while the global economic recovery was indeed forging ahead, risks continue to linger in the […]

As expected the Bank of Canada kept its overnight rate at the same level. They did however comment on the strong possibility of future rate increases based on global and Canadian inflationary pressures. These pressures are being largely driven by higher energy and food prices. The Bank of Canada is projecting core inflation returning to […]

The Bank of Canada kept its rate unchanged yesterday morning. Their wording speaks to overall economic growth, inflation issues as well as the overall global situation. It is a cautious forecast which certainly reflects what is happening out on the street. We are all aware of the higher costs of filling up our cars and the […]

“Mortgage shoppers are very happy with recent rate trends!  The 5-year government yield (which leads 5 year fixed rates) made a new five-month low today.The spread between 5-year posted rates and the 5-year bond yields is now the most its been since October, and 45 basis points above its 10-year average. As a result, fixed […]

The bond rate has been steady the last few weeks. From a year to date high of 2.53 on April 8th, the rates have fallen 30-35 basis points. This has resulted in all lenders lowering their fixed rates. 5 year mortgages are now available in the 3.89-4.19% range. There has been no change in the […]

In a time where identity theft and Ponzi schemes are plastered across the daily news, the last thing you want to worry about is yet another way to lose your hard-earned money. But as a homeowner, you need to be aware of crimes on the rise known as mortgage fraud and real estate title fraud. […]

The main reason many renters feel they can’t afford to purchase a home has to do with saving for a down payment. But there are many solutions available today that can help first-time buyers with their down payments. Many lenders will allow for a gifted or borrowed down payment. And of those lenders that will […]