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Do you think it will go up by the next year or down? I am going to get a mortgage and I am just thinking if it is better to get a 3 years fixed rate or a Variable rate.
From the numbers I see, I expect CA rates to increase at least 1/2 % within the next year. Rates are low now. Get a fixed rate loan, not variable
I am going to renew my mortgage in 2 months. I just wanna know if I should renew it right now before the prime rate goes up, or should I wait in case the prime rate goes down in two months.
cmpimortgage.com The Bank of Canada announced today that they were leaving their overnight lending rate unchanged and the Banks followed suit by ...
Updated: Wed May. 02 2012 18:00:09
CTVNews.ca Staff
On the one-year anniversary of the Conservatives achieving a majority government, Prime Minister Stephen Harper congratulated his MPs on their success, while touting job creation and economic growth.
But Opposition Leader Thomas Mulcair told his caucus that the Conservative government is merely on the defensive while the NDP has been mounting a strong, organized effort to change Canada's political landscape.
In his speech in Ottawa, Harper said his government is working hard to fulfill the economic promises made during the May 2011 election with one clear objective -- creating jobs and growth.
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832 pages |
Money Management For Canadians All-in-One Desk Reference For Dummies The borrower should also make sure he or she is comparing the same prime rate — some lenders will list a variable rate mortgage at half a percentage point above the well-recognized and respected Bank of Canada prime rate, ... |
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672 pages |
Commercial Real Estate Investing in Canada, The Complete Reference for Real Estate Professionals Each bank sets its own prime rate, but they are generally very close to one another. Traditionally, the prime rate changes when the Bank Rate set by the Bank of Canada changes. The Bank Rate is closely related to the Target for the ... |
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456 pages |
Buying and Selling a Home For Canadians For Dummies Borrowers should also make sure that they're comparing the same prime rate — some lenders will list a variable rate mortgage at half a percentage point above the well-recognized and respected Bank of Canada prime rate, while another ... |
Taking the Guesswork Out of Adjustable Rate Mortgages
Next to critiquing the decorating taste of your home’s previous owner, playing the “adjustable mortgage game” may rank as one of the most popular (and least pleasant) pastimes of Canadian homebuyers.
Here’s how it works.
As you’re exploring your mortgage options, you review the long and steady slide of mortgage rates in Canada over the last decade and make the decision to go with an adjustable mortgage when you buy, at renewal or when refinancing. You’re now a player. Then you watch for clues about mortgage rate movement, trying to guess the perfect moment to lock in your mortgage. The objective of the game is to try to guess the bottom… and you won’t know it’s the bottom until it’s too late. In today’s low rate environment, we should acknowledge that most of the players are already winners; but it can still be a stress-inducing game.
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New York Late Money Rates from The Wall Street Journal Foreign Prime Rates: Canada 3.00%; European Central Bank 1.25%; Japan 1.475%; Switzerland 0.52%; Britain 0.50%. Treasury Bills: Results of the 7/5/2011, auction of short-term US government bills, sold at a discount from face value in units of $1000 to |
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The crushing weight of student debt The problem isn't just the amount of money students have to borrow, but the interest rates they're paying. The amount will vary from province to province and will fluctuate based on whether the loan arrangement is tied to the prime rate. |
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New York Late Money Rates from The Wall Street Journal Foreign Prime Rates: Canada 3.00%; European Central Bank 1.25%; Japan 1.475%; Switzerland 0.52%; Britain 0.50%. Treasury Bills: Results of the 7/5/2011, auction of short-term US government bills, sold at a discount from face value in units of $1000 to |
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Education of aboriginal children must be top priority Since 2001, the number of aboriginal people entering Canada's labour force has increased by 25 per cent, and is more than four times the rate for other Canadians. By 2026, more than 600000 aboriginal youth will have entered Canada's labour market since |
Canadian dollar closes higher amid strong economic data
So, let's get this straight -- raise the prime lendind rate which in turn strenghtens the dollar even more? Are we now on a trajectory to import more than we export? Until the US economy shows signs of significant improvement this would not be a wise
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