The Bank held their third, of eight, scheduled meetings this week. As widely predicted, the Bank of Canada announced that it is holding the key rate steady. While noting that … Continue Reading Enjoy the low rates..No rate hike with Bank of Canada
History tells us that mortgage rates usually drop leading up to an election. And 2015 has followed that trend. It started in January of this year, when the Bank … Continue Reading Rates usually drop leading up to a Federal election!
Fixed mortgage rates are tied closely to the Govt of Cda bond yields. And bond yields are up… Since mid April, the 5 yr Gov of Cda bond yield … Continue Reading Bond Yields are up… will Fixed Mortgage rates follow?
This isn’t 2010, 11, 12, 13 or even 2014… It’s 2015, and once again, we are making this announcement. 5 year Fixed Mortgage rates are an new all-time lows! Today, … Continue Reading Mortgage Rates hit Record lows again!
Last week’s Employment Stats shocked everyone when we didn’t see the expected 14,000 new jobs created as Economists were expecting. Instead, we got hit with a reported 46,000 jobs lost … Continue Reading Unexpected job loss report and effect on mortgage rates.