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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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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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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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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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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22 Jan 2014

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Bank of Canada hands tied

As you know, your variable rate mortgage, line of credit and/or student loans are all based on the…

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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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1 May 2013

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Buying or Selling a Home…Earn up...

Selling or purchasing a new home? Why not earn up to $2000 Cash Back in the process! Whether…

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23 Jan 2013

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BOC Remains on the Sidelines

At 10:00 am EST, Wednesday January 23rd, 2013, the Bank of Canada again did what we expected them…

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13 Jan 2013

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US Debt ceiling explained in easy to...

I came across this great analogy on Facebook posted by one of my friends and had to share…

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12 Dec 2012

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BoC drove Canadians to lock in...

I had to laugh when I read an article titled BoC’s interest rate warnings drove homeowners to lock…

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11 Jan 2013

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Bad Debt: Do credit settlement agencies...

If you are current with the news you have probably heard about the many complaints against debt settlement…

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