Financial Headlines – Mortgage Rates

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Hope this finds you well!  Financial headlines are still buzzing with ongoing debt issues and cutbacks at Euro & American Banks. Bank of America recently announced that it is laying off 3,500 employees and will be restructuring. Many of the European Banks have have also recapitalized through the European Central Bank in the last month […]

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July 2011 Housing Starts

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OTTAWA, August 9, 2011 — The seasonally adjusted annual rate1 of housing starts was 205,100 units in July, according to Canada Mortgage and Housing Corporation (CMHC). This is up from 196,600 units in June 2011. “Housing starts rose in July due to an increase in multiple starts in all regions except Quebec,” said Mathieu Laberge, […]

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Please take a minute out of your day and watch the video below. I promise it will be worth your time. (Right click on hyperlink to view ) Have a wonderful day! This is well worth the two minutes. A palindrome reads the same backwards as forward. This video reads the exact opposite backwards as […]

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Important information regarding our current market

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Thought I would drop you a quick note regarding recent headlines. With stock markets falling, we have seen an unprecedented drop in Canadian bond yields which is where our lenders source their money! The Bank of Canada 5 year posted rate is currently 5.39%, and 5 year Government of Canada Bonds are yielding 1.67% at […]

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