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09/03/2010

New Regulations for LOCs and Mortgages
The Department of Finance (DoF) put new credit card regulations in force yesterday. A few of the rules also apply to credit lines and mortgages. The DoF says the new...more.

09/02/2010

A 1-Year Fixed Strategy
The odds are fair that prime rate is heading 25 basis points higher in one of the next two Bank of Canada meetings. (See this Reuters’ poll) After that increase,...more.

09/01/2010

BMO Drops 5-Year “Low Frills” Rate To 3.59%
BMO continues to aggressively execute its new discount mortgage strategy. It just sliced its 5-year fixed "low frills” rate from 3.79% to 3.59%. It’s the lowest publicly-advertised 5-year fixed rate...more.

09/01/2010

Analysts Debate Housing Crash Potential
Housing prices are unsustainably high in Canada’s major centres, says a report from the Canadian Centre for Policy Alternatives (CCPA). “The steep rise in house prices in so many cities...more.

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