Here’s an article from the financial post on a potential series of rate cuts predicted by several economists for next year. Current variable rate holders with deep discounts could potentially see rates in the 1.5% range – time will tell. The interesting gamble is for people comparing the fixed and variable rates in today’s market [...]

VARIABLE & FIXED RATE UPDATE – WHAT MAKES MORE SENSE? The rate scene has changed dramatically as of late. With the current global economy and debt crisis, bond yields have flirted with historical lows which has put downward pressure on fixed rates. Routing Number VALLEY STATE BANK Variable rates, however, have gone the other direction [...]

The mortgage industry has been interesting lately in terms of rates. People who have taken our advice on the variable rate when discounts where large are enjoying low payments and it seems this will continue for some time. We have seen the major banks quickly take away their discounts (similar to 2008) which is decreasing [...]

TOP BROKER IN CANADA Recently, we were honored as the top broker in Canada in 2010 (see links below) and owe it to the constant support from our clients and realtor partners over the years. What does this mean for our clients? With the high, sustained mortgage volume we are able to get best rates; [...]

What’s driving Vancouver house prices? STEVE LADURANTAYE — Real estate reporter Globe and Mail Blog Posted on Thursday, June 23, 2011 9:24AM EDT The buying is attributed to a desire to move money out of the country, preferably into hard assets, as China restricts home ownership in the country in a bid to cool the [...]

Here’s an article we came across from the Globe and Mail on national housing prices and the disproportionate effect Vancouver has on the overall numbers – Steve, Jeff & Gord   June 15, 2011 Vancouver housing pulls prices higher By JULIEN RUSSELL BRUNET Globe and Mail Update Prices climb 8.6% from a year earlier to [...]

There is constant discussion about when the Bank of Canada will raise rates. Economists have revised their previous forecasts again because of the overall uncertainty in global markets. That being said, it appears that rates will remain low for some time and will increase gradually as conditions improve. Variable rate mortgage holders are very well [...]

The Bank of Canada left the rates unchanged at their May 31st meeting, see the full Globe and Mail article below – Gord, Steve & Jeff May 31, 2011 Carney signals higher rates on the way By JEREMY TOROBIN From Wednesday’s Globe and Mail Borrowing costs expected to increase by September if the economy continues [...]

Article from Globe and Mail below. As the economy continues to recover in Canada and the US economy remains weak, the Bank of Canada will remain cautious about the speed at which rates increase over the short term. For now, forecasts suggest rates will remain low for some time – Steve, Jeff & Gord   [...]

Article from Globe and Mail: Fixed rates drop due to downward pressure in the bond market. Routing Number VALLEY STATE BANK May 27, 2011 Banks trim mortgage rates By Rita Trichur Globe and Mail Update In second cut in just over a week, banks shave five-year fixed rate to 5.49 per cent Four of Canada’s [...]