Agent Blogs


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Bank of Canada Announcement for October 25th

Oct 25, 2011

Blog posted by Cory Kline, AMP Views (4121) (1 comments)

The Bank of Canada met today and saw no reason to move its key lending rate from 1.00%, where it has been for a little over a year. That's precisely what the market anticipated and it means prime rate (which is the basis for variable mortgage rates) should remain... [ read more ]

Wowza, problem sloevd like it never happened.

Oct 11, 2011

Expert Question posted by Peter Frueh Views (8945)

I love problems that solve themselves without any input.. [ read more ]

Quick tips for boosting credit...

Oct 4, 2011

Blog posted by Cory Kline, AMP Views (9128)

Planning ahead to ensure your credit is healthy before applying for a mortgage can translate into better mortgage rates and products, which can save you significant money throughout the term of your mortgage. Some tricks to improve your credit score... * Keep... [ read more ]

Benjamin Tal: Unusually Uncertain Times

Sep 30, 2011

Blog posted by Cory Kline, AMP Views (7463) (2 comments)

Unusually Uncertain Times Last week I attended my annual conference with Neighbourhood Dominion Lending Centres and we had an outstanding array of industry experts for 2+ days.  The summary below from Dr. Tal, of CIBC World Markets is a must read. I... [ read more ]

Cory's Mortgage Market Comment

Sep 30, 2011

Blog posted by Cory Kline, AMP Views (5884)

The bond rate again matched the low for the year, this past week. Pricing on variable rate mortgages has continued to change with discounts of prime less .4-.5% (2.50%-2.60%)becoming harder to obtain. There are no changes in the fixed rates, 5 year fixed... [ read more ]

Mortgage Market Update by Cory Kline

Sep 14, 2011

Blog posted by Cory Kline, AMP Views (4768)

With heightened concerns on possible defaults in Europe, Our bond hit a new low for 2011. So far we have not seen any lender's drop their fixed rates. Fixed rates continue to be at record lows. If you have a variable rate of any more than prime or prime + or a... [ read more ]

Bank of Canada Announcement- September 7,2011

Sep 7, 2011

Blog posted by Cory Kline, AMP Views (5075)

No change in the Bank of Canada rate today. This was largely expected.   They spoke of the following changes in their previous projections. "Increase in the European sovereign debt crisis". "The U.S. recession was deeper and recovery... [ read more ]

What is Land Transfer Tax and how much will it be?

Aug 23, 2011

Expert Question posted by Joanne McPhail Views (11728)

The land transfer tax you pay will depend upon the price of your home.   Here is a great link to do the calculation.  Just enter in the purchase price of your home and it will calculate your land transfer tax.  www.landtransfertaxcalculator.ca ... [ read more ]

Cory's Mortgage Market Insight...

Aug 12, 2011

Blog posted by Cory Kline, AMP Views (4848)

The bond rate tumbled to new lows this week. This is certainly the lowest we have seen in the last 20-30 years! The lender's have been cautious about lowering their fixed rates so far. We do expect to see them do so if the cost of funds continue at the current... [ read more ]

Cory's Mortgage Market Update

Jul 28, 2011

Blog posted by Cory Kline, AMP Views (4726)

World markets continued to focus on the looming U.S. debt deadline. Bond prices continued to stay near lows for 2011. There were no changes in fixed or variable interest rates.  If you have a variable rate of any more than prime or prime + or a fixed rate of... [ read more ]

Bank of Canada stays put, but warns it won’t last forever...

Jul 21, 2011

Blog posted by Cory Kline, AMP Views (5084)

As was highly expected, the Bank of Canada (hereafter referred to as “the Bank”) held its benchmark overnight rate at 1.00% today; this rate has now been at this level since September 2010. In staying put, the Bank concluded that while the... [ read more ]

Bank of Canada Announcement

Jul 19, 2011

Blog posted by Cory Kline, AMP Views (4871)

As expected the Bank of Canada kept its overnight rate at the same level. They did however comment on the strong possibility of future rate increases based on global and Canadian inflationary pressures. These pressures are being largely driven by higher energy and... [ read more ]

Market Trends by Cory Kline

Jun 16, 2011

Blog posted by Cory Kline, AMP Views (5501)

The bond rate inched up the past week. There are no changes in short or long term rates. Concerns over the U.S. debt and the potential default in Greece are at the forefront of financial markets. This will likely keep the bond rates low in the short term.  ... [ read more ]

Bank of Canada Announcement: Cory Kline

Jun 1, 2011

Blog posted by Cory Kline, AMP Views (5475)

The Bank of Canada kept its rate unchanged yesterday morning. Their wording speaks to overall economic growth, inflation issues as well as the overall global situation. It is a cautious forecast which certainly reflects what is happening out on the street. We... [ read more ]

Mortgage Trends by Cory Kline

May 27, 2011

Blog posted by Cory Kline, AMP Views (7477)

"Mortgage shoppers are very happy with recent rate trends!  The 5-year government yield (which leads 5 year fixed rates) made a new five-month low today.The spread between 5-year posted rates and the 5-year bond yields is now the most its been since... [ read more ]


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