Spring has arrived and with it’s arrival the Real Estate market has seen a lot of activity in the Richmond, BC real estate market. From my personal experience, over the last few weeks there have been many signs of an active market.
* There have been several instances where I have been [...]
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Category: Canada, Housing Starts, Ontario, Uncategorized | Comments OffPrime Minister Stephen Harper is among many Canadians these days who are boasting about the strength of the country’s banking system.
During the credit crisis, no Canadian banks failed, and none required government capital infusions. And last week when Canada’s major banks issued their quarterly statements, all but one were profitable. Even that exception, a second-quarter [...]
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Category: Uncategorized | Comments OffOTTAWA — For the second time in as many weeks, Canada’s major banks have hiked rates on fixed-term mortgages.
Most increased their three-, four- and five-year rates by 0.4 percentage points on Wednesday.
The move brought average posted rates on those mortgages to 4.55 per cent (three-year), 5.34 per cent (four-year) and 5.85 per cent (five-year).
http://www.ottawacitizen.com/Banks+hike+fixed+term+mortgage+rates/1682791/story.html
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Category: Canada, Housing Starts, Ontario, Uncategorized | Comments Off