Rate Outlook Clear as Mud “The fact is we’re three years in to the global financial crisis and its dynamics still dominate the economic outlook.” – BoC chief, Mark Carney  The question everyone wants to know is: How long will that be true?  The answer, which is as ambiguous as ever, has a direct bearing […]

      CIBC World Markets Inc. trims forecast for rate hikes and currency strength in Canada as economic growth outlook dampens abroad TORONTO, Aug. 18 /CNW/ – Continuing weakness in the U.S. economy may force the Bank of Canada to put interest rate hikes on hold after September, notes a new report from CIBC […]

As you know, a fixed mortgage has a rate that’s locked in for a set number of years, while a variable mortgage has a rate that floats with market conditions. On average over time, you’ll usually come out ahead with a variable mortgage. One study suggests that between 1950 and 2007, 90% of the time […]

Hans Wagner Investopedia.com Published on Tuesday, Jun. 08, 2010 1:44PM EDT Last updated on Wednesday, Jun. 09, 2010 7:27AM EDT It’s a buyer’s market in real estate, and mortgage rates are at an all-time low. Maybe you’re thinking of diving into the real estate market, or maybe you already own a home or land. Wondering […]