When it Comes to your Lender, do you go big?
It’s something we see all the time. Big box-store names squeezing the little guy out. Or huge brand names like Heinz and Kraft taking over at the grocery store, and always priced just a little more than the no-name brands right beside it. But does brand recognition come into play when we get our mortgages?…
Read moreShould Iranian-Canadians be Allowed to Bank at TD?
Canada is a melting pot. A refuge that those in war-torn and hostile countries can seek out when looking for a life of peace and harmony. But for many Iranian-Canadians, that doesn’t mean that they can bank with TD. It was early last month when TD Bank started sending letters out to many of their…
Read moreBMO sets a New Date
The Bank of Montreal last forecasted that the Bank of Canada would keep its overnight lending rate at the historic low of 1 per cent until January of 2013. But now, with the U.S. Federal Reserve being more lenient in their policies, a more uncertain economy here at home, and to top it all off…
Read moreBoC Keeps Rates Low – For Now
Remember back in April, when Bank of Canada governor Mark Carney painted such a rosy picture of global economic conditions? And told us that we could expect to see the Bank’s overnight lending rate increase in the near future because of it? This past week he’s been eating his words as he’s seen those very…
Read moreWill we See Mortgage Wars III?
As one Spanish bank was left to “junk” status this weekend, and another Germany bank spoke out about refusing to help Europe’s failing economic system during their debt crisis, things pick up here at home. The crisis has investors fleeing the nation across the pond, and this has yields in bonds in Canada at all-time…
Read moreThe History of Interest Rates
Interest rates are what homeowners seem to live and die by sometimes. When are they going up, and how long are they going to stay so low? Currently in Canada we know that the next interest rate announcement from the Bank of Canada will come on June 5. And we also know that it’s likely…
Read moreFinal OSFI Guidelines Coming Soon
Back in March the Office of the Superintendent of Financial Institutions (OSFI) released proposed guidelines that they planned to initiate on the banks and Canadian and Toronto mortgage brokers. Those lenders and brokers had until May 1 to comment on the guidelines and now that they have, OSFI is working hard to get them all…
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