Bank of Canada maintains overnight rate target at 1 per cent OTTAWA, May 31, 2011 /CNW/ - 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 ec
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05/31/2011
The Bank of Canada sets a minimum qualifying interest rate for consumers who are applying for a mortgage. This applies to all mortgage terms of less than 5 years. What this means to you as a consumer is that if you are applying for a mortgage and want to take a 5 year term, you must qualify at
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05/30/2011
I just returned from 2 weeks in China. There is a very unique real estate market developing there and it might just provide a world of opportunity for those who are smart enough to capitalize on it. I will write more about my trip and about real estate in China soon on my blog.
05/30/2011
Mortgage rules to push housing lower: CMHC Housing starts and sales will fall more into line with “demographic fundamentals” this year and next, according to the latest housing outlook from the Canadian Mortgage and Housing Corporation. The crown agency said it expects housing starts will rang
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05/30/2011
TSX +21.69 to 13,797.59 (Reuters) in a broad-based advance led by mining stocks amid rising prices for metals. But the TSX was held back by another earnings disappointment from the banking sector with RBC. All except National came in below analyst expectations for earnings. DOW +38.82 to 12,441.
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05/30/2011
The weather in Lethbridge has been unusually rainy the past month. This had had a an impact on the local Lethbridge real estate market. It has caused problems for some homeowners and kept some others from being able to put their home on the market. This past week I was out showing lethbridge
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05/29/2011
I am asked by both clients and Lethbridge real estate professionals on a weekly basis for information and advice regarding basement suites. This is a very serious issue here in the Lethbridge Alberta real estate market as our basement suite marketplace is prime for investors who are looking for
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05/25/2011
TSX -57.15 Fri to 13,595.12 (Reuters) as most TSX sectors backed off amid another flare-up of worry over the European debt crisis. The TSX played catch up to losses that piled up on stock markets around the globe after S+ P's lowered its outlook on Italy's A-plus sovereign-credit rating from sta
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05/25/2011
{EAV_BLOG_VER:372df4ada13c7e9d} Here is a blog post out of the USA that talks about just how many Canadians are buying US property. Seems the majority of those who are buying up Florida, Arizona, and California bargains are from Canada. I still believe that the time is not yet right to make t
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05/20/2011
Lethbridge Real Estate - Paradise Canyon Golf Course Condo For Sale Check out this new Lethbridge listing. Golf season is upon us and the course at Paradise Canyon is looking good as usual. You do not need to fly to Arizona or some other awful place to enjoy the scenery and lifestyle of livin
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05/16/2011
