Once again interest rates have dominated the headlines. First, it was the declining fixed rate. Fixed rates are usually priced off bond markets, independent of what's happening with the prime rate. The Bond market, like all markets, fluctuates daily. Fixed mortgage rates are now as low as 2.69% to 2.89% (and appear to be dropping).
The other interest rate causing all the fuss is the prime lending rate. Up until a couple of weeks ago, many industry observers believed this ra
The outlook for the Canadian economy in 2015 in general is looking rosy. As you know, we are, for the most part, influenced by the U.S. economy. Economic recovery in the US is growing at the consumer level and demand for goods will pull many other countries along with it, including Canada.
Since important sectors of the Canadian economy are connected to activity in the oil patch, and oil prices have fallen sharply, the Bank of Canada and economists are weighing the potentia
As the mortgage rules have changed over these past few years, so has the role of a mortgage broker. While offering low rates and access to the best products is still very much a part of what we do, our role has expanded as competition for your mortgage business increases. Many Canadians see their financial institution as a one-stop shop for most of their financial services. The opportunity to cross sell to you is one of the reasons they aggressively go after your mortgage bus