Happy New Year?  Perhaps not as two smaller lenders today raised the 5 year fixed rate almost a 1/2 point from 4% range to 4.44%.  Will others follow?  Likely.  Bond market has heated up in December.  If debating locking in now may be the time to consider since many lenders still a fraction below 4%. 
Still [...]

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Interest rates continue to trickle down.  Variable rate as low as 2% now, or prime minus .25%, and new 30 day quick close special on the 5 year fixed rate at 3.79%.
Some conditions apply. 
                                   ·          TSX +121.76  
                                   ·          DOW +29.55
                                   ·           Dollar +.05c to 94.40cUS  
                                   ·            Oil  -$.36 to $69.51US per [...]

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No change in prime rate.  Staying put at 2.25%.  So can still borrow money with mortgage at 2%!
 
Economic recovery is ’solidly entrenched’: BoC
Paul Vieira, Financial Post 

OTTAWA — After months of uncertainty, the economic recovery now appears to be “solidly entrenched,” the Bank of Canada said Tuesday, indicating its forecast for growth should unfold as [...]

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More lenders lowering rates to below prime on the variable, meaning today rates south of 2.25%.  And popular five year fixed rates have additional lenders just over 4%.  Special rates with 30 day quick closing options below 4%. 
Troubles in financial markets as Dubai hits credit snag.  See below. 
                                   ·          TSX +27.61 TSX ended higher on [...]

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