Posts tagged interest

Canadian housing market shows signs of ‘rebound’

OTTAWA — Despite signs long-term mortgage rates are creeping up, the housing market is continuing is bounce back to life according to the Canadian Real Estate Association.
In June, 8.7% more homes were sold than in May. It’s the fifth straight month of increases — a 17.9% increase over June 2008.
“This rebound reflects the releasing of [...]

June Home Sales Rise 8.7%

Canadian sales of existing homes rose for a fifth month in June, adding to evidence that record low borrowing costs are fueling housing demand.
Sales rose 8.7 percent to 41,304 homes from the previous month on a seasonally adjusted basis, the Canadian Real Estate Association said today in a statement from Ottawa. Average home prices rose [...]

Victoria BC – Karie Siess says the rates are going up

Well, it was nice while it lasted, but, along with the nice increase in our weather temperatures, it seems we are going to see the same in our interest rates.
Here is what’s being “talked” about today…
“There is a lot of financial indifference in the markets…as many of the Economists have stated… the Bond Market is [...]