June 2011

Found 1 blog entry for June 2011.

rates_283As reported by the Canadian Press, home buyers and sellers should gear up for mortgage rate hikes sooner instead of later.

That’s because, while the Bank of Canada this week declined to change its current 1% overnight rate (which banks use to formulate their mortgage and other lending rates), it announced in a statement that the economic recovery, if it continues, will inevitably lead to hikes in the near future. 

"To the extent that the expansion continues and the current material excess supply in the economy is gradually absorbed,” the Bank of Canada noted in its statement, “some of the considerable monetary policy stimulus currently in place will be eventually withdrawn."

For those who have been closely following the Bank of Canada’s actions

Read Full Post »

Patti was an excellent realtor. Responded to my questions and concerns in a timely manner and answered them honestly. She was realistic in discussions about selling our home and gave us the facts of how the number came about. Patti knows what she is talking about and our house sold within two weeks. I am very pleased and happy with the purchase of my new home and appreciate Patti's time and efforts she put into finding the perfect fit.

- Debbie Fornal

More Testimonials