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Canada noted in its statement, “some of the considerable monetary policy stimulus currently in place will be eventually withdrawn."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

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Chris is an excellent realtor. Very profressional and down to earth. We were picky and he was the third realtor we met with before signing. Chris took his time with us and helped sell our house for the price we wanted (sold in 1 day) and he supported us from setting the listing price, through negtiations and closing/possession. Highly recommend him, especially if you are selling in a mature neighbourhood. 5 out of 5 stars.

- Cory Labrecque‎

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