Well the last week of March didn’t exactly hold too many surprises with respect to mortgage rates in Canada. The 5 largest banks in Canada all hiked their rates in light of the recent rise in interest rates.
I for one am glad to see this occurring and the Canadian government being proactive in guarding against undue inflation. Considering our relative bounce back from the fallout of the subprime fiasco in the states, I’m hopeful that we also learned some lessons about borrowing huge sums of money. I think it’s safe to say that the housing market is alive and well in Canada, and maybe a little too well so hopefully this recent jump can help cool its jets and bring housing back into the realistic pricing range for the average single family.
I read an interesting article featured on the National Post’s website. To give a quick summary it talked of certain (and some rather unexpected) areas of growth in China’s emerging market. One of the biggest surprises I found was the growing numbers of McDonald’s Corp. that are opening in the far east.
Interestingly enough the mega [...]
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It’s an exciting time to be a Canadian given the strength of our dollar. Our currency has not been this high since July 2008 and some analysts are projecting it will continue to rise well into next year. That remains to be seen, and in my opinion we’re not out of the woods yet with [...]
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Although there seems to be much talk on the strength of Canada’s economy and its emergence as a player on the world financial stage, I’ve noticed a real shortfall when it comes to quality blogs about that very topic. It seems odd to me that all opinions have been in the domain of either newspaper [...]
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Well the last week of March didn’t exactly hold too many surprises with respect to mortgage rates in Canada. The 5 largest banks in Canada all hiked their rates in light of the recent rise in interest rates.