Monday Morning Interest Rate Update (January 21, 2013) – Why Chinese Growth is Good for Canadian Variable-rate Mortgage Holders

Guest Post by Dave Larock

Last week’s big news was that China clocked a Q4, 2012 GDP growth rate of 7.9%. This was significant because it reversed a seven-quarter decline in that country’s growth rate. (By comparison, China’s Q3, 2012 GDP growth rate was 7.4%.)

From a Canadian variable-rate mortgage perspective, it can be argued that strong GDP growth in China combined with continued weak GDP growth in the U.S. might just be today’s ideal scenario. Here’s why:

Read more including Dave’s bottom line on his website .

David Larock is an independent full-time mortgage planner and industry insider. Visit his blog for many more interesting articles and some great mortgage advice. 

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is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Monday, January 21st, 2013 at 12:42 pm and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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