For many homeowners, paying off their mortgage as quickly as possible is a top priority. Paying down extra principal in the early years by whatever means possible can shorten the life of your mortgage – and dramatically lower the interest you’ll pay over the long haul. Here are a few tips on how to make…
EMPLOYMENT AND MIGRATION NEEDED TO SHAKE OFF WINTER CHILL Low Interest Rates and Affordability to Support Housing Recovery in 2011 Calgary, January 4, 2011 – Home and condo sales in Calgary and area remained relatively unchanged in December 2010, indicating that a full-fledged recovery in the housing market has yet to take hold, according to…
Not all debt is created equal… the difference lies in how it helps – or hurts – your pursuit of your financial goals. Some debt can be seen as an investment in one’s future: • Borrowing money to maximize your RRSP contributions. • Loans with tax-deductible interest to earn investment income. • Borrowing to acquire an asset that…
The Bank of Canada announced this morning that it will leave its key interest rate unchanged. The Bank also reiterated its commitment to hold its key rate at the current level until the end of the second quarter of 2010, conditional on the outlook for inflation. In its statement the Bank noted that in Canada,…
When looking for a home in a shifting interest rate environment, you need to make sure that you get a good rate. An independent mortgage broker is the best starting point – he or she will discuss your borrowing needs, introduce you to your best financing options, and get you a very competitive interest rate. A broker…
Below is an update from the Bank of Canada. How will the decrease in mortgage rates affect the Calgary real estate market. Send in your opinions on the comments section below. Bank of Canada lowers target for the overnight rate to 0.25% “OTTAWA – The Bank of Canada today announced that it is lowering its target…