Posts tagged mortgage

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 [...]

Home ownership getting more affordable: RBC

OTTAWA — Weaker home prices and lower borrowing costs are attracting buyers back into the housing market, according to a report Wednesday by RBC Economics.
“Declining costs of home ownership during the last year were driven by significant cuts in mortgage rates along with the federal government taking an active role in supporting the mortgage securities [...]

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 [...]