Interest Rate Reductions and Unknown Impacts/Options

With the Bank of Canada (BOC) reducing the prime rate to 3.75% a lot of us are breathing a sigh of relief as we the cost of borrowing trending in the right direction.  However, there are some impacts that some people don’t know and it could impact them and their families. First, if you signed up for

Thanksgiving…What the heck is there to be Thankful for…

New Mortgage Rules… The economy is bad, the real estate market is slow, prices are still down, prices for groceries are still crazy high and not going down anytime soon.  Need to buy a car, prices there are insanely high as well.  If you have kids, just trying to feed them is getting really expensiv

What You Need to Know About Falling Interest Rates

A decrease of another quarter of a percentage point in the central bank’s trendsetting rate will translate into only marginally lower variable mortgage rates. And it’s possible it won’t have much impact at all on the bond market, which influences the level of fixed mortgage rates. However there’s an

Back to School and Real Estate Update

The Bank of Canada just dropped the prime rate again by another 0.25%.  This will take the rate from the 5% we started the year at to 4.25%.  What hasn’t happened because of these rate reductions…Buyers have not rushed back to the market and we haven’t seen a spike in sales or prices.  Why?  Just be