North Shore Real Estate News Archive - Mortgage Update
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New mortgage rules announced
The Federal Government announced today new mortgage rules. The rules, to take affect July 9, 2012 will see amortizations on government insured mortgages capped at 25 years, down from 30. To read more about today's Read More
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Bank of Canada holds interest rate
The Bank of Canada held interest rates at 1 per cent today, the same level it has been at since September 2010. The rate hold came with a warning that "the outlook for global economic growth has Read More
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Bank Of Canada Leave Key Interest Rate Unchanged
The Bank of Canada (BoC) left the key interest rate unchanged today, but warned of a 'brief recession' in Europre. To read more about the BoC's decision, click here. Read More
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Bank of Canada Holds Interest Rates
The Bank of Canada (BoC) held interest rates today. "In light of slowing global economic momentum and heightened financial uncertainty, the need to withdraw monetary policy stimulus has diminished. The bank will continue to monitor Read More
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North Vancouver Real Estate Market Update
This past week in North Vancouver real estate: New Listings: 142 Price Changes: 45 Sales: 58 If you are thinking of buying or selling The Rossetti Team today at 604.983.2518 or contact us here. Read More
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Bank of Canada leave benchmark rate unchanged
Today the Bank of Canada left the benchmark interet rate unchanged as expected. If you have a variable rate mortgage that means your mortgage payment will be unaffected. To read more about the announcement, click Read More
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"Tougher Mortgage Lending Rules Announced'
Ottawa is getting tougher on mortgage lending again with new rules announced today to take affect this spring. For government backed mortgages, the maximum amortization will now be 30 years instead of 35. For the Read More
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North Vancouver Real Estate Market Update
The first week of the New Year was a busy one. Lots of buyers out at opens this past weekend. In the past week, the North Vancouver real estate market has had 74 new and back on Read More
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Bank of Canada raises key rate despite slow growth
By Paul Vieira, Postmedia News - The Bank of Canada raised its benchmark interest rate Wednesday by 25 basis points to one per cent, arguing financial conditions remain "exceptionally stimulative" even in the face of Read More
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RBC lowers mortgage rates
The Royal Bank of Canada continues to be a leader in terms of lending rates, lowering fixed rates on residential mortgages today by 10 basis points. For more information, click here. Read More
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Bank of Canada Raises Key Interest rate to 0.5 per cent
The Bank of Canada has raised its key interest rate by 25 basis points to 0.5 percent, its first hike in nearly three years. The change comes as the domestic economy has been rebounding strongly, Read More
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RBC raised mortgage rates for third time in past month
The Royal Bank of Canada (RBC) continues to lead the way in raising mortgage rates, sending fixed term mortgage rates another 15 basis points higher today, the third rate increase in the past month. It Read More
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Canadian banks raise some mortgage rates
Two of Canada's biggest banks are raising some of their mortgage rates, effective Tuesday. The changes affect closed mortgages with terms of three, four or five years at RBC Royal Bank and TD Canada Trust. Read More
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Bank of Canada holds rate, but eyes inflation
The Bank of Canada has kept its key-lending rate at .25 indicating their continued commitment to keep the rate low until July. To read more about the Bank of Canada's decision, visit the Vancouver Sun Read More
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Ottawa toughens mortgage rules
By Paul Vieira, Financial Post - Amid warnings about "reckless" housing speculation and overextended homebuyers, Finance Minister Jim Flaherty said Tuesday the federal government would make it tougher for people to get a mortgage. He Read More
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North Vancouver Real Estate Market Update
In the last 7 days, the North Vancouver real estate market has had 90 new and back on the market listings, 35 price reductions, and 50 sales reported on MLS®. Many of these listings represent terrific value. If you are thinking Read More
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Time to rethink your mortgage?
The Vancouver Sun ran an interesting article today about refinancing your mortgage. With rates reaching historical lows, it may be worth the penalty to refinance at a lower rate. The article from the Vancouver Sun Read More
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Is this a good time to buy?
Brian Morton, Vancouver Sun February 16, 2009 - With home sales - and prices - dropping in B.C., is now a good time to invest in real estate? The B.C. Real Estate Association says it Read More
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Government no longer to guarentee 40 year mortgages
In a move to avoid a housing and credit crisis, the federal government will no loner guarantee 40-year amortization or zero-down mortgages. Government-backed mortgages will now require "a minimum down payment of 5%, will be Read More
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Canada's mortgage rates on the way down
Canada's mortgage rates are heading down. At a time when stock markets are volatile and with the economy and income growth slowing, the positive news for those planning to get into the housing market or Read More
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Bank or Canada Cuts target lending rate 50 bps
The Bank of Canada cut its key overnight lending rate by 50 basis points this morning, bringing it to 3.5%. This rate was last seen in January 2006. The Bank indicated that "further monetary stimulus Read More
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CMHC offers 100% financing for investment properties
The Canadian Housing and Mortgage Corporation (CMHC) now allows investors in real estate mortgage insurance that covers "100-per-cent financing on one or two units and 90-per-cent financing for a third and fourth rental unit." The Read More