Get Ready For Steep Rate Hikes In 2011: Economist

Posted on September 9/2009 by Mortgage For Less

OTTAWA -- When the Bank of Canada does start raising its key policy interest rate in either late 2010 or early 2011, Canadians should brace for "aggressive" increases of up to a percentage point at a time, says a report from the chief economist at Laurentian Bank Securities. The call, from Carlos Leitao, adds a new wrinkle to the debate as to whether the central bank will be able to keep its pledge to leave its key policy rate at 0.

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Prices For New Homes In Canada Rebound Globe And Mail

Posted on September 14/2009 by Mortgage For Less

Prices for new homes increased in July from a month earlier, marking the first monthly rise in prices nationally since last September in yet another sign of the rebound in Canada's real estate markets.

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Rates Drive Sales

Posted on September 17/2009 by Mortgage For Less

Rates Drive Home Sales CREA says home prices are up an average of 11.3% nationwide versus last year. Given the recession we just went through, that’s nothing short of stunning. Economists say cheap mortgage rates are the main factor.

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