Archive for: January 2015

Bank Prime Rate Cuts Fail to Match Bank of Canada’s

Filed under: Mortgage - 29 Jan 2015

THINK OUTSIDE THE BOX:  Although the banks did not match the Bank of Canada’s 25 basis point (1/4%) decrease, they have decreased their prime lending rate by 15 basis points (.15%).  Prime rate is now at 2.85% versus 3%.

(Bloomberg) — Canada’s six …

Getting a mortgage through CML in 2015? …. This could be you!!

Filed under: Mortgage - 27 Jan 2015

THINK OUTSIDE THE BOX:  We are very excited to announce CML’s upcoming Customer Appreciation Contest.  CML will be drawing a few lucky winners …. anyone who obtains mortgage financing through CML Canadian Mortgage Lender Inc. in 2015 will be automatically entered …

We’re not budging on mortgage rates: Canada’s big banks

Filed under: Mortgage - 27 Jan 2015

THINK OUTSIDE THE BOX:  Will banks lower their prime lending rate?  The Bank of Canada’s bid to stimulate a sluggish economy with a surprise rate cut is getting no help from the nation’s big banks.

Toronto-Dominion Bank, Canada’s largest lender, says …

Lumber prices looking good in 2015

Filed under: Mortgage - 27 Jan 2015

THINK OUTSIDE THE BOX:  While Albertans seem fixated on a certain commodity price that’s been tumbling lately, there’s some good news in other natural resource industries in the province. With a little help from our American friends and a favourable …

The BoC’s Bombshell

Filed under: Mortgage - 22 Jan 2015

THINK OUTSIDE THE BOX:  The takeaway is that not only does prime rate have a good chance of decreasing again (and some of the drop carried over to clients lines of credit and variable mortgage rates), but that more restrictive mortgage rules are …

Calgary housing market will weather plummeting oil prices, say real estate analysts

Filed under: Mortgage - 22 Jan 2015

THINK OUTSIDE THE BOX:  Despite an economic pummelling from faltering oil prices that’ll cool the city’s housing market, real estate analysts are predicting some modest growth in the sector.

While numbers in the city’s housing industry will fall from record-setting figures …

Should I buy a house now?

Filed under: Mortgage - 20 Jan 2015

THINK OUTSIDE THE BOX:  “Timing the market is never wise,” explains Ted Rechtshaffen, president and CEO of TriDelta Financial. He explains that when buying a home, “it’s not about the home price, but the mortgage rate.” If you can afford …

Alberta’s job market defies oil price plunge

Filed under: Mortgage - 20 Jan 2015

THINK OUTSIDE THE BOX:  The rumours of the death of jobs in Alberta have been greatly exaggerated—at least so far. Despite crude oil hovering around $US 55 a barrel in December, our province actually saw a reasonable increase in employment.

According …

Slow and steady for 2015

Filed under: Mortgage - 15 Jan 2015

THINK OUTSIDE THE BOX:  Although Alberta has become accustomed to outpacing the country in its annual growth rate over the last number of years, it appears Albertans will have to settle for being ‘equal’ to the rest of Canada in 2015 due …

Interest rate hike: 4 ways Canadians should prepare

Filed under: Mortgage - 08 Jan 2015

THINK OUTSIDE THE BOX: Get your house in order quick!  Article recommends locking in because ‘we’ll never see these rates again’.  Call us to calculate your payout penalty and break even point.

The Bank of Canada is expected at some point in …

Next Page »