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Canada noted in its statement, “some of the considerable monetary policy stimulus currently in place will be eventually withdrawn."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 Proctor and her team were wonderful with us. We especially appreciated her willingness to support us while we figured out what we wanted and where we wanted to live. Being new to Edmonton, we really relied on her depth of knowledge to guide us. We ended up in a neighbourhood that suits us perfectly, in a beautiful house. Patti is the perfect mix of professional and personal. She is a "home finder". And when it was all done, we felt confident that Patti had helped us find the right home for the right price. Thank you, Patti.

- Holly Lewis

More Testimonials