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Archives for November 2008

Bank of Canada Keeps Interest Rates Steady

This just released today November-17-08, 8:56:49 PM The Bank of Canada held its benchmark overnight lending rate steady at three per cent at it’s setting on September 3rd. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 3.25 per cent. The Bank’s decision to hold interest rates […]

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Should Paying Off The Mortgage Wait?

There is never a downside to paying off your mortgage because it means interest saved which means thousands more dollars in your pocket, however if you recently received a gov’t. tax refund there may be other factors to consider.    If you take a $1400.00 tax refund and apply it to a typical mortgage at […]

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August 2009 Toronto Market Update:

Condos Now Being almost 40% of the market and being 67-68% first time home buyers means market updates do follow that market closely. The first time home buyer must move up for all other markets to subsequently keep moving with the exception of markets over $1.5 million market which do not particularily rely on the […]

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