Blog  //  Oakville Real Estate by Ryan Crane

23 Mar 11 Posted by Ryan Crane in Oakville Mortgage Info | 0 comments

Interest Rate Hike Moves to Back Burner

Interest Rate Hike Moves to Back Burner

The Bank of Canada is almost certain to wait until the latter half of this year to raise interest rates, now that an election is in the offing. Many economists were already predicting that rate hikes would be on hold until the summer and the spectre of a federal campaign is now cementing that view. History shows that the central bank is usually reluctant to increase rates during an election, due to uncertainty about the direction of the government’s economic policies and the possibility that the move could be seen as partisan. Read more...

19 Mar 11 Posted by Ryan Crane in Oakville Mortgage Info | 0 comments

Big Banks Lowering Mortgage Rates

Big Banks Lowering Mortgage Rates

Some of Canada’s biggest banks are lowering some of their fixed rate mortgages to counteract the effect of jittery investors moving to bonds, which causes a drop in long-term interest rates. Investor's nerves have been shaken by the recent tragic events in Japan and fears that a potential nuclear disaster could create serious problems for the Global economy. Read more...

17 Mar 11 Posted by Ryan Crane in Oakville Mortgage Info | 0 comments

Oakville Real Estate Mortgage Report

Oakville Real Estate Mortgage Report

Whether you are buying your first home, moving from one home to another, or just re-financing your current mortgage, knowing the current best mortgage rates avalable can save you thousands of dollars over the term of your mortgage. As an 'Oakville Real Estate Agent', I always recommend that my clients talk to my mortgage specialist, or, go into their own bank knowing what the best available rates are. Most major banks will negotiate on the rates that they are offering, and will often come right down the the best available rate, if you are knowledgable, quote the best rate, and ask them to match it. For example, if you were in the 'Oakville Real Estate' market for a home with a purchase price Read more...

17 Mar 11 Posted by Ryan Crane in Oakville Homes | 0 comments

Oakville Homes - Detached Homes

Oakville Homes - Detached Homes

The 'Oakville Real Estate' market has everything one can imagine when it comes to Detached homes. You can find anything from a cozy home on a modest lot to a multi-million dollar estate with Riparian rights. Detached homes can also vary widely in the types and styles available to choose from. You will find anything from Bungalows and Raised Bungalows, Side Splits and Back Splits to 2 and 3 story 'Oakville homes'. The type and style tend to vary with the age and location of the neighbourhood. You will usually find bungalows and sidesplits in some of Oakvilles more established neighbourhoods, and in the newer developments the most common home you will find is a 2 storey with a single or double car garage. Read more...

17 Mar 11 Posted by Ryan Crane in Oakville Mortgage Info | 0 comments

Overnight Rate - What is the Overnight Rate?

Overnight Rate - What is the Overnight Rate?

The overnight rate in Canada is an important part of Canada’s monetary policy. The Bank of Canada has control of the key overnight rate, which determines the interest rate that major financial lenders and institutions lend and borrow one-day (or "overnight") money between each other. Read more...

 

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