June 06, 2012
Bank of Canada Rate Announcement - June 05, 2012
For the 14th straight time since last October, the Bank of Canada again announced that it is leaving its target overnight interest rate at 1%, and said, "...some of the risks around the European crisis are materializing and risks remain skewed to the downside.." The bank indicated in its media statement that this is leading to a sharp deterioration in global financial conditions.
Following this news, chartered banks and other financial institutions are expected to leave their prime lending rate at 3%.
Next Bank of Canada rate announcement – July 17, 2012.
Click here for the full Bank of Canada report.
If you are in a variable rate mortgage and need mortgage advice or if you have any friends or family that are buying a home or refinancing their existing mortgage, please call us so we can connect up with them. We always appreciate your referrals.
June 05, 2012
May 19, 2012
Centum Rate Watch - May 19, 2012
Click HERE for our current interest rate sheet.
If you are looking for expert mortgage advice, please give us a call or shoot us over an email. We'd be glad to help you out.
If you have any friends or family that are thinking about buying a home and they need a mortgage, or if they are renewing or refinancing their existing mortgage, please call us so we can connect up with them.
May 07, 2012
April 17, 2012
Bank of Canada Rate Announcement - April 17, 2012
For the 13th straight time since last October, the Bank of Canada again announced that it is leaving its target overnight interest rate at 1%, and said, "...global economic growth has improved.." The bank indicated in its media statement that Europe is expected to emerge slowly from recession.
Following this news, chartered banks and other financial institutions are expected to leave their prime lending rate at 3%.
Next Bank of Canada rate announcement – June 05, 2012.
Click here for the full Bank of Canada report.
If you are in a variable rate mortgage and need mortgage advice or if you have any friends or family that are buying a home or refinancing their existing mortgage, please call us so we can connect up with them. We always appreciate your referrals.
April 06, 2012
March 09, 2012
Bank of Canada Rate Announcement - March 08, 2012
For the 12th straight time since last October, the Bank of Canada again announced that it is leaving its target overnight interest rate at 1%, and said, "...conditions in global financial markets have improved.." The bank indicated in its media statement that European bank funding is showing signs of stabilization.
Following this news, chartered banks and other financial institutions are expected to leave their prime lending rate at 3%.
Next Bank of Canada rate announcement – April 17, 2012.
Click here for the full Bank of Canada report.
If you are in a variable rate mortgage and need mortgage advice or if you have any friends or family that are buying a home or refinancing their existing mortgage, please call us so we can connect up with them. We always appreciate your referrals.
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