17 Jul 2013

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Bank of Canada maintains their overnight rate

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the Prime Rate and, as promised, here is your personal update from me on the recent Bank of Canada announcement on changes to their Overnight Rate which in most cases impacts your Prime Rate. At 10:00 am EST, Wednesday July 17th, 2013, the Bank of Canada again did what we expected them to do … they continued to maintain their overnight rate. What this means to you is that once again the prime rate will not change and remains at 3.00%. This of course is fabulous news but…

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11 Jul 2013

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Financial Advice for Flood Victims

The floods in Alberta took more than an emotional toll on victims, it took a financial one as…

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4 Jul 2013

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Despite flood, June sets real estate...

Despite the tragic flooding in our city, and resulting market uncertainty, June was actually a record month for…

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3 Jul 2013

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CREB: Flood Info Session Highlights

This afternoon, CREB held an online information session regarding the flood situation and its affect on homeowners, homes…

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29 Jun 2013

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RBC Hikes Mortgage Rates

Canadians are faced with yet another mortgage rate hike. RBC, Royal Bank of Canada, announced it would increase…

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26 Jun 2013

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No Flood Insurance: This may help

If you have been affected by the flood, you are probably quickly becoming frustrated with your insurance company…

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25 Jun 2013

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Beware of the Wolf in Sheep’s...

When it comes to financing your new home or even working to renew your existing mortgage, who can…

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10 Jun 2013

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The Origin Of Father’s Day

After Anna Jarvis successfully introduced Mother’s Day in the US in 1908, a woman named Sonora Dodd decided…

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2 Jun 2013

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Bank of Canada remains sidelined

As you know, all variable rate mortgages, lines of credit and/or student loans are all based on the…

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26 May 2013

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3 of Canada’s top banking execs...

At a time when headlines speak of Canada’s housing market on the verge of a crash, 3 top…

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15 May 2013

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Amortization cap will upset investors

I came across a great article by Canadian Real Estate Wealth titled Investors could be hardest hit by…

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13 May 2013

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City of Calgary considers a stop to the...

I came across an interesting article in the Calgary Herald today, “Home builders fret as Calgary considers constraints…

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10 May 2013

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Upward pressure on rates as bonds rally

Here we go… The bond market rally is squeezing spreads, placing upward pressure on the fixed interest rates.…

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