July Mortgage & Finance Statistics

July Mortgage & Finance Statistics

These Mortgage & Finance Statistics are provided to us by the Canadian Association of Accredited Mortgage Professionals (CAAMP) of which we are members.
Bank of Canada Interest Rate

April 20, 2010
0.25 %

June 1, 2010
0.50 %

July 20, 2010
Next meeting date

Source: Bank of Canada
Bank Prime Lending Rate

April 21, 2010
2.25 %

June 2, 2010
2.50 %

July 21, 2010
Next [...]

Posted in Uncategorized, July 14th, 2010, 0 Comments

Credit Score Secrets

An interesting article provided by Yahoo! Finance outlines a lot of the things that nobody thinks about with respect to your credit score.

Alberta House Unit Sales to drop, Average Price Still Up

The Canadian Real Estate Association has indicated that while Alberta unit sales are going to drop this year, average sale prices are still expected to increase modestly which is good news overall for anyone who owns a home. Below is an article from the Calgary Herald that explains things in more detail:

Posted in News, June 2nd, 2010, 0 Comments

June Mortgage & Finance Statistics

June Mortgage & Finance Statistics

June Mortgage and Finance Statistics. Variable rates have recently increased due to the Bank of Canada announcement. See the current Exchange rate, Government of Canada Bond rate, Housing Start data and MLS Resale price data.

Posted in Credit Analysis, Economic, Featured, News, June 2nd, 2010, 0 Comments

Bank of Canada raises Variable Rates by 0.25%

Bank of Canada raises Variable Rates by 0.25%

The Bank of Canada raised interest rates by a quarter percent today bringing the benchmark rate up from rock bottom to 0.5%. This means that prime rate (off which variable rate mortgages and lines of credit are based) is now up to 2.5%. The bank was very careful not to suggest a lot of other increases in the near future.

Posted in Economic, Mortgage Rates, News, June 1st, 2010, 0 Comments