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| I have lived in York Region for over 30 years and I know the ever changing and growing area well. After being in the customer service industry (Family Business), for over 20 years, I know how to service peoples needs. Making a decision to purchase or sell real estate is a huge undertaking and I can be instrumental in making the whole process a comfortable one and as trouble free as possible. Let me find your dream home or an investment property. Allow me to explain how I can sell your home quickly and for the best price possible. I will get the job done, whether residential or commercial.
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| The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on September 10th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate, remains at 0.5 per cent. |
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| The Bank said that, in line with its expectations, aggressive policy stimulus and the stabilization of global financial markets are supporting the beginnings of a recovery in Canada and elsewhere. |
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| "The bottom line for interest rates is that they are as low as they can go, so the Bank can’t drive them down any further in an attempt to boost economic growth and take the shine of the dollar," said CREA Chief Economist Gregory Klump. "That said, the Bank can take extraordinary measures to prevent a rapid or speculative run-up in Canadian dollar, and financial markets have judged the Bank’s threats to do so as credible. The Bank’s September announcement further anchors its commitment to ensure the Canadian economic recovery is not derailed by a rapidly rise in the Canadian dollar." |
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| On September 10th, the advertised five-year conventional mortgage rate stood at 5.85 per cent. This is down one per cent from one year earlier, and unchanged from where it stood when the Bank made its previous interest rate announcement on July 21st. |
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| Improving credit market conditions have enabled lenders to reintroduce discounts off posted mortgage interest rates. Discounts of up to a percentage point can be negotiated, depending on lender-client relationship. |
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Posted by: Bill Siarkas
Posted on: 2009-09-28 23:22:40 |
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