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by Jeremy
As you know, all variable rate mortgages, lines of credit and/or student loans are all based on the Prime Rate and, as promised, here is an 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 May 29th, 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 on your mortgage, line of credit or student loan will not change and remains at 3.00%.…
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Posted by Jeremy
I came across an interesting article in the Calgary Herald today, “Home builders fret as Calgary considers constraints…
Posted by Jeremy
Here we go… The bond market rally is squeezing spreads, placing upward pressure on the fixed interest rates.…
Posted by Jeremy
With articles being published suggesting the “Great Canadian Borrowing Binge is Winding Down” and another “Average consumer debt…
Posted by Jeremy
The Bank of Canada remains committed to the status quo as global headwinds continue to restrain economic activity.…
Posted by Jeremy
Whether you’re a first-time buyer or empty-nester, being properly prepared for your mortgage application will ensure the process…
Posted by Jeremy
For some people, getting out of a mortgage early is a realistic option, especially if they are doing…
