Bank of Canada governor says Canadians aware interest rates will rise The head of the Bank of Canada gently urged businesses to ease open the purse strings and start spending Wednesday as he said the economy was nearing a tipping point toward normal growth following the global recession. Canada’s aces go places ? Stephen Poloz […]
Banks are at odd with Government of Canada over interest rate
Banks don’t want any risk. They say banks are protected species like Panda in Canada. They never ever have to face any risk because all realty risks are underwritten by Government of Canada on behalf of taxpayers … Bank of Canada should hike rates if worried about housing: Scotiabank Scotiabank Says Higher Rates Cure for […]
Is this a trick to get people to rush in to buy a home ?
Banks threatens mortgage rate will go up (so that people will buy a home quickly) as a trick to fulfill their mortgage quota (shortfall) ? I won’t be surprised. Banks did just that a few years ago … Probably more than once and the interest never ever go up, only down (until today). First-time home […]
Why the Rising Mortgage Rates don’t Spell Disaster ?
By Canadian Mortgages Inc. It was the beginning of last month when bond prices plunged and RBC increased mortgage rates in response. Not too long after Scotiabank and TD followed suit. But while homeowners and home buyers are groaning about these higher mortgage rates, they’re not all bad. And in fact if you look at […]
Mortgage Rate Hike = Interest Rate Up = Home Prices Down ?
First, they say Canadian mortgage rates on the rise … Canadian mortgage rates on the rise Mind you, the hike is solely to increase the already fat profit margin of banks, it has nothing to do with interest rate, not yet. For the record, interest is still the same old artificially suppressed rate we have […]
Times Are Still Good, Government Dares Not Raise Rate, Banks Up Charges And Continue To Profit Insanely
Analysis – The buyers are back, Canada housing market defies doomsayers US-ECONOMY-HOUSING-ANALYSIS: Analysis – The buyers are back, Canada housing market defies doomsayers TORONTO (Reuters) – Daniel DiManno sold his Toronto house for less than he had hoped and wanted to see if prices would cool before he bought a new one. But Canadian mortgage […]