Yesterday, the U.S. Fed Chairman, Ben Bernanke, announced he ‘could’ start to ease their stimulation of the economy later this year. That small announcement has had a huge impact … Continue Reading When the U.S. sneezes, Canada gets a cold… I’m getting the sniffles…mortgage rates are headed up.
RBC is raising their rates… As expected, fixed mortgage rates have gone up. RBC is the first of the BIG SIX to raise their rates. RBC’s 4 yr rate special … Continue Reading Banks raise mortgage rates
Poloz in, Carney out as Bank of Canada Governor…3 major changes in less than a year!! Anyone else find this strange??!.
Stephen Poloz was announced as Mark Carney’s replacement as the new Bank of Canada Governor. The announcement was a surprise for many… Most thought the Deputy Governor, Tiff Macklem, would … Continue Reading Poloz in, Carney out as Bank of Canada Governor…3 major changes in less than a year!! Anyone else find this strange??!.
Karen Kinsley has been with CMHC (Canada Mortgage and Housing Corporation) for 25 years. The last 10 as it’s CEO. CMHC makes buying a home more affordable by insuring the … Continue Reading CMHC CEO Karen Kinsley out, Wall Street banker Robert Kelly in… anybody asking why??