Blog
Rate update
2011-11-08 | 10:34:41
Good morning EveryoneFederal Finance Minister Jim Flaherty is expected to release his fall economic update today in Calgary—and he'll likely confirm the government won't meet its 2014-15 target for eliminating the deficit.The Conservative...read morePre-approvals
2011-11-01 | 09:53:37
Lately the insurers have not been following their guidelines to the letter. They are making their decisions based more on the whole deal, rather than the debt service ratios and it is making it more difficult to give pre-approvals.The lenders are...read moreRate Update
2011-10-26 | 10:59:34
Fixed rates are back on the rise again. With the stock market recovering slightly it has increased the bonds and the fixed rates are following.There are a couple lenders with extremely good 5 year fixed rates still but most have increased to 3.49% or...read moreRate update
2011-08-24 | 11:55:24
BMO and RBC have increased their variable rates today.They have reduced their discount off of Prime rate.Firstline Mortgages did this 4 months ago changing their discount from minus .75% to minus .50% and it was a little surprising but it now seems...read moreRate update
2011-07-20 | 10:01:06
Good morningThe Bank of Canada kept their lending rate the same so Prime has not moved again. And, once again, they gave no hints as to when it will increase. It seems it will most likely be this year.They did say everything is moving along as...read moreRate update
2011-07-13 | 15:19:32
Good morningThe bond rates have come back down, the slight increase last week had some lenders increasing their 5 year fixed mortgage rates a little prematurely. Some have already dropped back down.The only news regarding Prime has been that there...read morenext »