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Bank Of Canada Increases Rate!! |
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Good Morning,
The Bank of Canada increased the overnight rate as expected today by .25%. However, in his address Mark Carney stated that he is revising his overall expectation for growth in Canada, citing that the economy will not reach full strength until late 2011. The ... |
The Federal Government announced that effective April 19th significant changes will take place to mortgage qualification. Some of these changes have been published, while others are being slid into effect without the publics' knowledge. The changes being made ar ...
Paula Seimens of The Siemens Group-Invis wrote in her February 16th, 2010 Newsletter:
Jim Flaherty announced today that Effective April 19, 2010 buyers will have to qualify under this set of guidelines:
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Paula Siemans of INVIS - SIEMENS GROUP writes: |
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Good morning,
The Bank of Canada left the overnight unchanged, and will likely not move rates until the latter part of this year. Please find Mr. Carney's comments below.
"The global economic recovery is under way, supported by continued improvements in financial conditions and stronger domestic demand growth in m ... |
Great news!!! We are finally seeing variable rate mortgages priced below prime. We have not seen any mortgage even close to prime for the past 12 months. In September 2008 we had rates as low as prime -.60% which quickly changed to prime and then to prime + 1% by the end of the first week in October.
We hope that this downward trend in the variable rate market will continue into spring 2010. ...
Real this Informational Letter just received from from Paula Siemens - AMP of Invis-Siemens Group Regarding:
Today the Federal Government released their budget. Here are some highlights that are good news for homebuyers.
· Temporary home renovations tax credit of up to $1,350 for eligible home renovations and alterations
· Increase in the home buyers RS ...
Here is today's financial up-date from Paula Siemens AMP of INVIS - SIEMENS GROUP
January 20, 2009
The Bank of Canada announced that their overnight rate is being reduced by .50bps to 1.50%. If the major financial institutions follow this move prime will be 3%. There is some suggestion that we will not see immediate changes by the lenders due to their cost of funds through deposits and the p ...
Just received this newsletter from Paula Siemens of Invis-Siemens Mortgage Group:
Wow the Bank of Canada made an aggressive rate reduction of .75% today, citing that continued global economic slowdown and recent unemployment figures definitely means a recession for Canada.
This rate reduction will bring down variable rate mo ...
This morning I received this informative newsletter from Paula Siemens -AMP
INVIS - SIEMENS GROUP…I thought it was so good I am posting it as a blog for you to read!
Good Morning,
This morning the Bank of Canada lowered its overnight rate to 2 1/4 % which is another .25% reduction. This should cause the lenders to adjust their prime rate another .25% , howe ...
Good Morning,
The Bank of Canada left the overnight rate unchanged - which caught 1/2 of the market off guard.
There has recently been a divide between the economist camps, with 1/2 of the economists suggesting that the Bank of Canada should leave the overnight rate as is, and the other 1/2 expecting a .25% drop.
The reason for the Bank of Canada leaving the rate unchanged is due to inflation ...