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Category Archives: Bank of Canada
Fiscal Cliffs and All
Over the holidays, I had several people expressing concern about the looming fiscal cliff, while others commented that it was just the typical media hype and American political games, stirring everything up into a frenzy. One client asked me if … Continue reading
Posted in Bank of Canada, Interest Rates, Real Estate News
Tagged fiscal cliff, housing prices, interest rates rising
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New Rules and How they will Affect You!
On the surface the new rules don’t seem to be such a deal to some people, who are wondering what all the fuss is about. They still remember the days of the 25 year amortization and just feel we have … Continue reading
Posted in Bank of Canada, In the News, Mortgage Commentary
Tagged economy, home equity line, how changes affect you, mortgage qualifications, new mortgage rules, qualify for less, real-estate, refinance, struggling with down payment, vancouver lower mainland, variable rate mortgage, VRM HELOC
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Flaherty Announces Mortgage Rule Changes!
Flaherty announces changes for the mortgage borrowers with less than 20% down Recently, Finance Minister Jim Flaherty announced changes to mortgage lending criteria that will have a direct impact on those with less than 20% down. The government says they … Continue reading
Market Commentary – Big news regarding HELOCS!
The latest interest rate announcement and policy statement from the Bank of Canada make it pretty clear there’s unlikely to be any increase this year. While the economy appeared to be making all the right moves early in the first … Continue reading
Posted in Bank of Canada, In the News, Interest Rates, Mortgage Commentary
Tagged Bank of Canada, business, economy, equity line of Credit, greek problem, HELOC, home equity lines, household debt, housing bubble, mortgage loan to value, office of the superintendent of financial institutions, real-estate, superintendent of financial institutions
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Bank of Canada: Reading Between The Lines
I came across this interesting video from the Globe and Mail that gives a short and concise perspective on the “tone” and interpretation of the latest Bank of Canada rate announcement. It’s worth a look, especially if you are a … Continue reading
Bank Of Canada – in wait and see mode
Latest data release: Bank of Canada Interest Rate Decision is in! For those of you in a VRM mortgage, close to renewal (within 12 to 18 months) or just thinking of doing a debt repositioning strategy – here is a … Continue reading
10 Year Mortgage Rates – Record Low! 3.89% Best Rate!
Best 10-YEAR Mortgage Rates are here now! You may have listened to CBC Money Matters with Peter Mansbridge on May 1, 2012 about the incredible low 10 year mortgage rates at 3.99%. VERICO ZANDERS & Associates Mortgage Brokers is able … Continue reading
Posted in Bank of Canada, In the News, Interest Rates, Mortgage Rate Forecasts, Mortgage Rate Trends, Purchases, Save money
Tagged 10 year mortgage, 10 year mortgage rates, 10 year mortgages, 10-year mortgage term, 25/25 prepayment, 3.89%, 3.99%, assumable mortgage, best mortgage rate, best rates, business, economy, historic low mortage rates, mortgage broker, peter mansbridge, portable mortgages, prepayment priviliges, real-estate
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Residential Market Update
With historic low interest rates being enjoyed by all, the market watches each Bank of Canada announcement for clues to when the inevitable will happen. Rising interest rates are not “if” it will happen, but “when.” Although some pundits believe … Continue reading
Mortgages, Dollars & Sense 
Market Commentary: Bank Of Canada
As expected the Bank of Canada is holding its benchmark, overnight rate at 1% for the 15th consecutive setting. In the accompanying policy statement the bank said the decision was made in light of the current global economic situation. It … Continue reading →