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Mortgage Broker News | 15 Jul 2015, 10:00 AM Agree 0
The Bank of Canada has lowered its overnight rate to 1/2 per cent.
  • Yaletown Mortgage Loans | 15 Jul 2015, 10:29 AM Agree 0
    Canadians will be facing even higher debt loads now on top of higher real-estate prices in the metropolitan centres. Eventually the party will come to an end. Save your cash now and by significant lower real-estate in a few years.
  • Jesse D | 15 Jul 2015, 10:49 AM Agree 0
    This really is not a positive sign for Canadians as a whole. Just another sign of a potential recession that's been called since mid-2013. Europe, we're becoming a lot like you...dictatorship from the Wynne and Harper government, doing away with the middle class, debt loads most people cannot afford primarily due to companies paying low salaries and the only non-public sector jobs are minimum wage Tim Horton's jobs. No offence to those working for Tims. All levels of government have failed us.
  • Ron Butler | 15 Jul 2015, 10:52 AM Agree 0
    Wonder how much our banks will drop? 15 bps like last time or maybe just 10 bps? We will wait and see.
  • Teresa Martin Grier | 15 Jul 2015, 11:25 AM Agree 0
    I am wondering how much the Math equation associated to the PRIME rate will be adjusted by the banks for their Variable RATE Mortgages. Since 2010, the effective rate has been pretty consistent at 2.2%. Large Discounts on the VRM may disappear.
  • Ron Butler | 15 Jul 2015, 11:34 AM Agree 0
    TB Bank announces 10 bps down.
  • Chad | 16 Jul 2015, 10:48 AM Agree 0
    They did not fail us, Jes, they defrauded us.
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