Tag Archives: BofC

Toronto Mortgage Alliance Mortgage Rates for Week of Oct. 2nd, 2011


TERM POSTED OUR RATES* 6 Month 4.45% 4.45% 1 Year 3.60% 2.75% 2 Year 3.95% 3.09% 3 Year 4.35% 2.79% 4 Year 5.04% 2.89% 5 Year 5.54% 3.29% 7 Year 6.44% 4.49% 10 Year 6.80% 4.79% Variable Rate 2.40% Prime … Continue reading

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Bank of Canada Maintains Overnight Rate at 1% as Predicted


The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic outlook … Continue reading

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Toronto Mortgage Alliance Mortgage Rates for Week of Sept. 4th, 2011


TERM POSTED OUR RATES* 6 Month 4.45% 4.45% 1 Year 3.60% 2.75% 2 Year 3.95% 3.15% 3 Year 4.35% 3.09% 4 Year 5.04% 3.09% 5 Year 5.54% 3.34% 7 Year 6.44% 4.49% 10 Year 6.80% 4.79% Variable Rate 2.30% Prime … Continue reading

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Canadian Home Sales Stable in July


Mid August CREA released their staistics for the month of July. Overall the news was what was expected. Home sales remained stable in July, as this year more homes are expected to change hands than last year. Below is an … Continue reading

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Rate Prediction for Wed, Sept. 7th, 2011 BofC Meeting


On Wednesday the Bank of Canada meets again to discuss what the monetary policy will be for the next few months. During this meeting, the overnight lending rate is also set. The last meeting kept the rate unchanged at 1%, … Continue reading

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Canadian Housing Market to Remain Steady in 2011


This article is taken directly from the CMHC website: OTTAWA, August 24, 2011 — Housing starts are forecast to remain steady in 2011 and 2012, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook, Canada Edition.1 “Housing starts have been … Continue reading

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Bank of Canada maintains overnight rate target at 1 per cent


Ottawa – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economic … Continue reading

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Bank of Canada Monetary Policy Dates


The Bank of Canada today released its 2012 schedule of eight dates for announcing decisions on its key policy interest rate and confirmed the announcement dates for the remainder of this year. The announcement dates from September 2011 through December … Continue reading

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Understanding Your Credit Score 2 of 2


Continued from: Understanding Your Credit Score 1 of 2 If you have had any of your debts taken to court or collections these would be listed in the public records section. If you had a bankruptcy it stays on your … Continue reading

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Understanding Your Credit Score 1 of 2


When my parents got married and wanted to get their first home my grandparents were asked to co-sign. The loan officer at the time asked my grandfather if he had good credit to which he replied “I have great credit. … Continue reading

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