Historically Low Interest Rates
Currently, mortgage rates are historically low, even though last week we saw the end of the competitive 2.99% for 5 years. After the Feds announcement in the U.S. to keep interest rates low until 2014,...
View ArticleTeach kids early about money responsibilities
Many of us agree that it takes decades, if not a lifetime of trial-and-error to master sound money management – so let’s make it easier for our kids. November is Financial Literacy Month across the...
View ArticleWhy use a Mortgage Broker!
Probably one of the most frequent question that I get asked, is why use the services of a mortgage broker. To list a few: They understand mortgages terms and conditions, some mortgages unbeknown to the...
View ArticleIS THERE A CORROLATION BETWEEN OIL AND INTEREST RATES!!!
Short answer is Yes. Since oil is a major part of the Canadian economy, lower oil prices means less royalty money for the government. Due to the lower oil price, the Alberta oil patch is likely to...
View ArticleResidential Market Update
Market Commentary The household debt to income ratio has hit an all time high – 165%. Yet the Bank of Canada seems to have gone strangely quiet on the subject. Former bank governor Mark Carey routinely...
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