12 Dec 2012

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BoC drove Canadians to lock in mortgages in 2012

I had to laugh when I read an article titled BoC’s interest rate warnings drove homeowners to lock in mortgages: Carney. Thanks for the lip service Mr. Carney! “Mr. Carney said there is already evidence that Canadian consumers, who have one of the highest debt-to-income ratios in the world, are taking warnings of looming rate hikes seriously. As evidence, he pointed to the mortgage market, in which he says the share of fixed-rate mortgages in Canada has almost doubled to 90% this year, while variable-rate mortgages have seen a corresponding decline. Consumers tend to hover toward variable-rate mortgages when they expect interest rates to be…

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10 Dec 2012

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Canadians borrowing less: who do you...

With articles being published suggesting the “Great Canadian Borrowing Binge is Winding Down” and another “Average consumer debt…

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5 Dec 2012

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Fiscal Cliff and it’s Impact on...

How Obama’s re-election and the fiscal cliff could impact real estate and mortgage rates. Now that Barack Obama…

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3 Dec 2012

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Windowless bedrooms in condo ok…

I read an article yesterday about windowless bedrooms and how they don’t pose a safety threat. “Windowless bedrooms…

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7 Dec 2012

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The 5 Commandments of Christmas gift...

I came across an excellent post earlier this morning and had to share. My favorite sentence “When you…

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