Blog by Kevin Sing

Bank of Canada holds central rate steady

December 15th, 2006
Bank of Canada holds central rate steady
Interest rates on hold indefinitely

The Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent on October 17th. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 4.5 per cent. CREA expects interest rates to remain on hold over the rest of the year.

The rate wa ...

New mortgage insurer enters Canadian market

December 15th, 2006
New mortgage insurer enters Canadian market
AIG CEO suggests 50-year mortgages on the way

AIG United Guaranty became the third company to provide mortgage insurance in Canada in mid-October. Canada Mortgage and Housing Corp. currently handles 70 per cent of the mortgage insurance market in Canada, while private insurer Genworth Financial Canada covers the remaining 30 per cent. Two additio ...

Project Financing

December 8th, 2006

 Not 12 months but up to 24 MONTHs rate hold!

You may be looking at several of the projects around town, some of them ranging from 12 months to 24 months for completion. We are involved with take out financing for prospective purchasers on several of these projects and can provide long term rate guarantees (available for 2 through 7 year terms) . If you have purchased in a project please thin ...