Canada Mortgage and Housing Corp (CMHC), Genworth Canada, and Canada Guaranty have announced that they will be increasing mortgage insurance premiums effective May 1st, 2014.  If the application is submitted to the Mortgage Insurer prior to May 1st, 2014, the current (lower) premium will apply regardless of the closing date. The increased premium rates will be effective […]

Remember, any contributions to a RRSP account before 10:30 p.m. ET on Monday, March 3, 2014 will be eligible for a receipt for your 2013 tax return.

Bank of Canada key rate is unchanged again…… Most economists say rates should hold steady well into next year.

$25,000+ in Cash & Prizes Available to be Won Throughthe Dominion Lending Centres Free Playoff Hockey Pool   Dominion Lending Centres is pleased to announce the official launch of registration for the Dominion Lending Centres NHL Playoff Hockey Pool at 12:00am on Monday, April 15th, 2013.   The free Canada-wide (excluding Quebec) Playoff Hockey Pool […]

Bank of Canada announces no change to prime lending rate. Current prime remains unchanged at 3.00%

Take note of this interesting article about our Canadian Economic Forecast for the coming months:   Bank of Canada sees limit to low interest-rate strategy   by Randall Palmer, Reuters
7:41 AM, E.T. | January 11, 2013
Canadian, Economy   High household debt is stretching the Bank of Canada’s low interest rate strategy to the limit, Senior […]

RATE WATCH: Most lenders across the board have notified us that rate hikes are on the way! Bond Yields were up yesterday and up another 5 bps this morning, presently sitting at 1.53%…….on December 31st the bond yield was 1.38%……..I suspect that we will see movement in rates by Monday…..anticipating rates to move 15bps to […]

Canada Mortgage and Housing Corporation is adding its voice to those announcing a slowdown in Canada’s housing market. The Crown corporation’s third quarter market review projects “measured” growth through the rest of this year and into next. CMHC sees a slowdown in housing starts and in price growth and points to “balanced” housing markets in […]

The Bank of Canada is moving its interest-rate announcements to Wednesdays from Tuesdays starting in January and merging the release of the decisions with its quarterly economic forecasts. The last three decisions of this year will continue with the current format of interest-rate decisions on Tuesdays at 9 a.m. in Ottawa unless there is a public holiday, the central […]