I was speaking with my friend Jeff Reitzel, who is also my mortgage broker and a real estate investor. Jeff is one of the top mortgage brokers (with Mortgage Alliance Canada’s Mortgage Choice in Kitchener) in the country, and helps a lot of investors finance property. I asked Jeff what he thought of the Bank [...]
Tag Archives | canadian government
More analysis on the Bank of Canada interest rate hike
I just read some very cogent insights into the Bank of Canada’s rate hike this morning, via the Financial Post (found via their twitter feed, where I get most of my news these days ): The following analysis is from Avery Shenfeld, chief economist CIBC World Markets. The Bank of Canada is like a poker [...]
Bank of Canada raises interest rate 0.25%
Quick morning update. Mortgage interest rates area heading up! This morning, the Bank of Canada announced what many of us were expecting; they have raised the prime interest rate by a quarter percent, to 0.75%. This will likely put pressure on variable rate mortgages. Mortgage ares are still very affordable. We have real estate investors [...]
Kitchener Waterloo local David Johnston named Canada’s next Governor General
There was a buzz building that Stephen Harper was preparing to nominate Kitchener Waterloo local David Johnstons as Canada’s next Governor General, and last week the news became official. This is a terrific choice for Canada, and is yet another event that will draw Canadian’s attention to the Waterloo Region, one of the most vibrant [...]
