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Mark Slobodan
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#201, 5607 - 199 Street, Edmonton, Alberta
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Saturday, May 9, 2015 - Why interest rates wonâ??t rise

Why interest rates won?t rise   Homebuyers and investors have yet another reason to rejoice: one more economist has suggested that the Bank of Canada is unlikely in increase interest rates. Speaking at RealtorQuest in Toronto this week, Warren Jestin, the chief economist for Scotiabank, said Canada?s central bank likely won?t raise interest rates, possibly until the end of next year. Jestin pointed to several reasons behind his forecast, each of which he said led to the Bank of Canada?s concern ... Full Article...

posted in Mortgage Rates at Sat, 09 May 2015 00:42:58 -0600



Tuesday, July 23, 2013 - RBC axes 2.99% discount mortgage

Royal Bank of Canada signalled a strategic retreat in the ongoing mortgage wars Monday, announcing it will stop offering its rock-bottom 2.99% discount mortgage by Thursday. Effective March 29, the special four-year fixed closed mortgage will jump to 3.49%, a 0.50 percentage point increase. RBC will also raise its five-year closed rate to 5.44%, a 0.20 percentage point increase, and its variable five-year mortgage to prime plus 0.20%, a 0.10 percentage point increase. The Bank of Montreal was ... Full Article...

posted in Mortgage Rates at Tue, 23 Jul 2013 19:30:07 -0600



Tuesday, July 9, 2013 - Royal Bank boosting its residential mortgage rates again on Tuesday

TORONTO - Royal Bank of Canada (TSX:RY) is boosting some of its home mortgage rates for the third time since the beginning of June. The increases will range from one-tenth to three-tenths of a point, depending on the type of mortgage, and will come into effect on Tuesday. Royal Bank says its special discounted four-, five-, seven-, and ten-year rates are going up to 3.39, 3.69, 3.99 and 4.29 per cent respectively. Royal increased some of its mortgage rates twice in June following a plunge in ... Full Article...

posted in Mortgage Rates at Tue, 09 Jul 2013 15:47:32 -0600



Friday, September 24, 2010 - Mortgage terms explained for regular folks

Now that real-estate prices in this part of the world have fallen to the point where a family of modest means can buy a modest home in the suburbs for a modest $1.5 million, those of you who haven't yet known the bliss of home ownership may be thinking, "now's the time." Many industry professionals will tell you that's true. The trouble is, those same professionals will also tell you a lot of other things, and they'll do it using a lot of scary-sounding words like "fiduciary." That's why you ... Full Article...

posted in Mortgage Rates at Fri, 24 Sep 2010 08:58:07 -0600



Friday, September 24, 2010 - Only two more rate hikes before Bank of Canada stands pat:

Central bank will have to wait until U.S. economy gets up and running The Bank of Canada likely only has two more solo rate hikes before it will have to wait for the U.S. Federal Reserve Board, says National Bank Financial. In a research note published Monday, NBF notes that the Bank of Canada has just raised its key rate a third time while the central banks of most of the other advanced countries look on from the sidelines. ?Given the magnitude of the shock suffered south of the border, ...

posted in Mortgage Rates at Fri, 24 Sep 2010 08:15:04 -0600



Thursday, September 16, 2010 - Bank of Canada raises key rate to 1%

Cites U.S. weakness as main risk to Canadian growth The Bank of Canada raised its target for the overnight rate by one quarter of one percentage point to one per cent on September 8th, 2010. It was the third consecutive quarter point hike. The Bank rate was raised to 1.25 per cent and the deposit rate is now 0.75 per cent. The Bank noted that, while the global economic recovery is proceeding, it remains uneven. The main downside risk cited in the Bank?s announcement was the recent weakness in ... Full Article...

posted in Mortgage Rates at Thu, 16 Sep 2010 14:06:33 -0600



Monday, June 14, 2010 - Prime Rate Goes Up

Prime rate goes up The Bank of Canada followed through with the largely expected, yet extremely cautious, increase to the overnight lending rate by a Ľ point. Lenders then took quick action to match the increase with the prime lending rate, bringing it to 2.50 per cent. This constitutes the first increase in almost 3 years. Amongst much global uncertainty Canada was the first G7 country to increase their key lending rate, indicating that Canada?s economic strength warranted the increase. That ... Full Article...

posted in Mortgage Rates at Mon, 14 Jun 2010 19:51:48 -0600



Wednesday, June 2, 2010 - Bank of Canada raises key interest rate

Borrowing costs for consumers and businesses are rising. The TD Bank was the first to announce a quarter-point hike in its prime lending rate to 2.5%, effective Wednesday, after the Bank of Canada increased its trendsetting rate an identical amount to 0.5% Tuesday morning. Canada?s other chartered banks, the prime source of lending for such things as mortgages and business credit, were expected to follow suit. It was the first time the central bank has actually raised its policy rate since July ... Full Article...

posted in Mortgage Rates at Wed, 02 Jun 2010 18:34:45 -0600



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Why interest rates won?t rise   Homebuyers and investors have yet another reason to rejoice: one ...

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