ROCK & JUNE BELANGER
Agent Blogs
Aug 13
2010
Blog posted by Cory Kline, AMP :
Views (291) :
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The bond rate continued to drop the past week. It's now at the lowest level in 2010. Weak economic news from around the world has been the main driving force. If this continues to stay in these ranges, I expect the Bank of Canada may halt the projected increases in prime rate.
The recent... [ more ]
Jul 20
2010
Blog posted by Cory Kline, AMP :
Views (510) :
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As expected the Bank of Canada raised their rate by 1/4% this morning. Bank prime is now at 2.75%.
They comment that inflation is in line with their projections. Also, that overall economic growth is weaker than previously anticipated. Hopefully this will mean rates staying in... [ more ]
Jun 1
2010
Blog posted by Cory Kline, AMP :
Views (1204) :
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Well it finally happened, the Bank of Canada raised it's rate by 1/4% this morning. This is the start of an upward trend with them.
Their last paragraph in the announcement speaks as to the uncertainty in the markets. They are acknowledging that they will be cautious on more rate increases... [ more ]
May 18
2010
Blog posted by Cory Kline, AMP :
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I just want to provide a head up for anyone who may be in the market for an upcoming mortgage and who may not be watching the Bank of Canada announcements or long term rate predictions. If you haven't been following them closely, they are still near the lowest in History however this will not... [ more ]
Apr 20
2010
Blog posted by Cory Kline, AMP :
Views (1725) :
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The Canadian dollar rose sharply Tuesday as the Bank of Canada warned that it will be raising interest rates.
At mid-morning, the dollar was up 1.6 cents to 100.14 cents US.
The Bank of Canada kept its key lending rate unchanged Tuesday, but warned that its low-rate policy has a limited future.... [ more ]
Apr 14
2010
Blog posted by Cory Kline, AMP :
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On February 16, 2010, the Government of Canada announced a series of regulatory changes to support the long-term stability of Canada’s housing market. The following changes will be in effect as of Monday April 19, 2010:
Qualifying Rate:
• Fixed Rate Mortgages of terms less than 5... [ more ]
Mar 29
2010
Blog posted by Cory Kline, AMP :
Views (1916) :
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Royal Bank and TD Canada Trust announced Monday they are increasing several mortgage rates by up to 6/10ths of a percentage point.
The biggest jump is attached to the popular five-year fixed closed rate, which moves from 5.25 per cent to 5.85 per cent at both banks. That's the posted... [ more ]
Mar 4
2010
Blog posted by Cory Kline, AMP :
Views (2329) :
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Inflation Set to Rise Faster Than Expected
Economists are debating the timing, and extent, of the central bank's first rate moves, and some now suggest they will start earlier than they had initially forecast.
The Bank of Canada is on heightened alert for inflation and a stronger recovery than... [ more ]
Mar 4
2010
Blog posted by Cory Kline, AMP :
Views (1860) :
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Globe and Mail Update Published on Tuesday, Mar. 02, 2010 9:04AM EST Last updated on Tuesday, Mar. 02, 2010 12:54PM EST
Real Estate: Home building to pick up speed: CMHC
Housing starts will strengthen this year and next, and that increase in supply should keep a lid on further... [ more ]
Feb 25
2010
Blog posted by Cory Kline, AMP :
Views (2415) :
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Bank of Canada Urged to Hike Rates After June
OTTAWA -- The Bank of Canada should uphold its conditional pledge to keep its key policy rate at 0.25% until July but should then embark on sharp rate hikes of 50 basis points at every announcement date until mid-2011, says an analysis... [ more ]
Feb 16
2010
Blog posted by Cory Kline, AMP :
Views (1979) :
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Finance Minister Jim Flaherty announced Tuesday tighter lending standards for mortgages, saying that while the housing market is “healthy” the moves are needed to “help prevent negative trends from developing.”
Under the new rules, all borrowers will need to... [ more ]
Feb 5
2010
Blog posted by Cory Kline, AMP :
Views (2164) :
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No need for mortgage market structural shift
The head of the Bank of Canada said on Thursday he does not see a housing bubble currently, nor does it see the need for structural change in the country's mortgage market.
"The Canadian mortgage market has functioned I think exceptionally well... [ more ]
Feb 5
2010
Blog posted by Cory Kline, AMP :
Views (2139) :
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Are Mortgage Rates Heading Lower in February 2010?
RateSupermarket.ca's panel of financial gurus believe we could possibly see lower fixed mortgage rates and bigger variable rate discounts to prime
TORONTO, Feb. 4 /CNW/ - RateSupermarket.ca, Canada's rate comparison website for personal... [ more ]
Jan 4
2010
Blog posted by Cory Kline, AMP :
Views (4806) :
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Over the holiday season, this article came out and I want to make sure everyone is aware of the
possible changes that could effect our mortgage and real estate market.
Please see the attached Globe and Mail article from Dec 21st for your review...... [ more ]
Dec 8
2009
Blog posted by Cory Kline, AMP :
Views (2293) :
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New housing Construction has hit its highest level this year in November, more proof that Canada's real-estate market has clawed out of recession.
Record low interest rates are fuelling a rebound in Canada's real-estate market, spurring rising prices and a flurry of buying... [ more ]
Dec 4
2009
Blog posted by Cory Kline, AMP :
Views (2807) :
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I have just finished reviewing the below 2 timely articles, and would like to share the main points with everyone. If you would like full copies of the articles, please email me at cory@ndlc.ca
ReMax 2010 Outlook Report.... ( Barrie Recap on Pages 13 and 14 )
"While Barrie's... [ more ]
Sep 11
2009
Blog posted by Cory Kline, AMP :
Views (2813) :
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The Bank of Canada today announced that it is not changing their trend setting rate.
They expect their rate to stay put until the 2nd quarter of 2010-based on inflation remaining in the ranges they predict . Read the announcement below.
2009
FOR IMMEDIATE RELEASE
10 September 2009... [ more ]
Sep 10
2009
Blog posted by Cory Kline, AMP :
Views (1957) :
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I just returned from Holiday's and I am excited to find the Government Down Payment Assistance Program has returned.....
In Simcoe county you can receive up to $24,786 towards your down payment if....
Purchase is LESS then $247,862
Purchase is a NEW home, not previously lived in. ( No... [ more ]
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