There’s good news for the real estate market in Collingwood, Blue Mountains, Clearview, Wasaga Beach, Meaford, and all of Canada this morning. The Bank of Canada has once again held it’s key overnight rate at 1%. Changes to the overnight rate sends a signal to banks about which direction the Bank of Canada wishes to [...]
Guest Post By David Larock Let’s begin the new year where we finished off the last one – in the euro zone. After a brief period of calm as the calendar flipped to 2012, bond yields in the euro zone’s vulnerable member states are moving higher again. Most notably, Italian bond yields closed at 7.13% [...]
Today, The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 percent. Citing uncertainty around the global economic outlook and deteriorating conditions in global financial markets, amongst a host of other reasons, the Bank has decided to maintain the target for the overnight rate. Said the Bank’s Press [...]
Citing the sluggish global economy as the reason, the Bank of Canada today announced that it is keeping it’s target for the overnight rate at 1 per cent. Read the full press release here.
News out of Ottawa this morning is that the Bank of Canada is allowing Canadians low interest rates until (at least) May 31st. Despite it’s mostly positive assessment of our Canadian economy, the overnight / policy rate is being held at 1%. The bank’s next scheduled date for an interest rate announcement is May 31. Will the tightening [...]
Although the economy is recovering a little faster than expected, according to Bank of Canada’s Mark Carney, there is little danger of rampant inflation on the horizon. The Bank of Canada, therefore, has left its trend-setting interest rate unscathed at 1 per cent. The decision not to raise the bank’s overnight rate showed concern that [...]
According to the Toronto Star, the Bank of Canada left its target for the overnight rate – the rate that large banks use to borrow and lend from one another on the overnight market – at 1 per cent. Read the full article http://www.moneyville.ca/article/923546–fence-sitting-bank-leaves-rate-unchanged?bn=1 For more information on the Bank of Canada’s Overnight Rate, click [...]
The Bank of Canada set it’s trend-setting interest rate at 0.75% today, up 0.25% from it’s previous overnight rate, according to this article in the Toronto Star, which stated in part: “The hike continues the Bank’s movement away from the rock-bottom interest-rate policy Carney adopted during the depth of the recession. After keeping the rate [...]
I called our bank this week and talked to my favourite person there about our mortgages. Shudder. Shake. I’ll tell you straight up that I’m not much of a risk taker. I do however try to undertake thoughtful analysis in decision making especially as it applies to money. In addition to our home, my hubby [...]
Back about 18 months ago, I can clearly remember thinking that things would change in the real estate market. Fast sales, multiple offers, interest rates, home prices… they’d all change. After twenty years in the business, I’ve seen enough changing cycles of the market to know that nothing ever lasts. 18 months ago, buyers here [...]
