Wednesday
February 22, 2012
1 Year Closed : 2.75 %
3 Year Closed : 2.79 %
5 Year Closed : 3.19 %
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News Articles
Canadians slide further into debt.
Statistics Canada says Canadian households slid deeper into debt in the first quarter as the use of credit outpaced income growth.The ratio of household debt to disposable income rose to 149.47 per cent from 147.64 a year earlier.That means Canadians owe $1.49 for every after-tax dollar they earn.Credit market debt grew by 1.3 per cent in the quart ...
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TD Bank forecasts low interest rates this year
TD Bank forecasts low interest rates this yearOTTAWA - The TD Bank says Canadians can expect borrowing costs to remain near record lows for the rest of the year.That's because the pace of the economic recovery is expected to slow sharply in Canada, the United States and much of the world.As such, the Bank of Canada will likely refrain from rais ...
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Canadians continue to rack up debts
Canadians continue to rack up debtsTom Fennell, Yahoo Finance Thursday June 9, 2011,Are rising consumer debt loads the Achilles' heel of the Canadian economy?Before we tackle that question, let's back up a few months and revisit the lecture Bank of Canada Governor Mark Carney gave the country on rising personal debt levels, and the fact tha ...
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Vancouver home prices poised for correction, could fall 21 per cent: report
TORONTO - Homes in Vancouver have become so expensive you might have to win the lottery to afford one, says a prominent economist - and with prices that sky-high, odds are the city is ripe for a big drop.Overpriced homes in some Canadian cities, along with elevated household debt, suggest the real estate market is vulnerable to a correctio ...
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Should a Borrower Take a Fixed Rate or Variable Rate Mortgage - Survery Says!!!
A
recently conducted a poll indicated that most Canadians are split on whether a
variable or a fixed rate is the best strategy, even in light of the knowledge
that rates are eventually going to go up. Highlights from the survey include:
39% of respondents saying they would choose a fixed mor ...
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Nearly Half of Canadians interested in selling homes privately
Nearly half of Canadians interested in selling homes privately, says pollBy Ross Marowits, The Canadian PressMONTREAL - Nearly half of Canadians would consider selling their homes privately but very few are aware of changes implemented several months ago that make that task easier, a new survey suggests.While 45 per cent of Canadians would ...
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Knowing How To Get Pre Approved
This video shows you the difference between being pre qualified and being pre approved and how a thorough pre approval is essential to your home buying process.
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