April 2009

There are 1 blog entries for April 2009.

Rates, Rates, Rates.... Where are they Going?

Friday, April 17th, 2009 at 11:32am. 689 Views, 0 Comments.

OK, I promised everyone that I've spoken to over the past 6 months that I will keep you informed as to when I think you should convert to a fixed rate. Now, before I tell you what I think - please keep in mind that this is simply my educated opinion and should not be misconstrued as a guarantee written in stone....   What's interesting is that at the time of writing this, virtually every bank in Canada has lowered its long-term rates. That is precisely why I am writing this today. We are indeed in very interesting times. We are in the depths of some of the most turbulent economic times in history.   The Bank of Canada is in a position where it must look for ways to stimulate the economy in an effort to get Canadians to start spending money to kick…


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