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        <title>Calgary Real Estate Blog</title>
        <link>http://www.joesamson.com/blog/mortgages/</link>
        <description>Get the latest scoop on Calgary real estate happenings and market info. This is a great place to ask questions or offer your comments to other home buyers and sellers.</description>
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            <guid>http://www.joesamson.com/blog/variable-interest-rates-to-remain-low-bank-of-canada-holds-key-rate-at-1.html</guid>
            <link>http://www.joesamson.com/blog/variable-interest-rates-to-remain-low-bank-of-canada-holds-key-rate-at-1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Variable Interest Rates to Remain Low! -  Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1% for the twelfth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%. This was no surprise but there was some indications that future increases will happen sooner than later if things continue to improve in the economy.&nbsp;Here is the rational, Global economic growth has improved since the bank's last monetary report and Europe is expected to emerge slowly from recession in the second half of 2012. Although ther... ]]> </description>
            <pubDate>Tue, 17 Apr 2012 21:46:34 -0500</pubDate>
                    </item>
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            <guid>http://www.joesamson.com/blog/it-will-be-tougher-to-get-a-mortgage-in-the-future.html</guid>
            <link>http://www.joesamson.com/blog/it-will-be-tougher-to-get-a-mortgage-in-the-future.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>It Will Be Tougher To Get a Mortgage in The Future</title>
            <description> <![CDATA[ 
The federal government will make it tougher for many homebuyers to get mortgages this year as it grapples with an overheated property market, according to analysts in a Reuters poll, who also ruled out the prospect that prices could suddenly crash.&nbsp;Ten of 14 economists and strategists surveyed last week in Reuters' first poll on the Canadian housing sector answered &quot;yes&quot; when asked if they thought Ottawa would tighten mortgage rules within the next 12 months.&nbsp;They expect hom... ]]> </description>
            <pubDate>Sun, 26 Feb 2012 21:13:35 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-14.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-14.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title> Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1% for the tenth consecutive meeting. Banks therefore are expected to keep their prime rates at 3%.Uncertainty around the global economic outlook has increased. The recession in Europe is worse than they anticipated.&nbsp;US growth was slightly more robust than anticipated however the European crisis is expected to weigh on US growth.&nbsp;Canadian dollar is still strong and the weaker external outlook is expected to dampen GDP growth in Canada.... ]]> </description>
            <pubDate>Wed, 07 Dec 2011 14:54:25 -0600</pubDate>
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        <item>
            <guid>http://www.joesamson.com/blog/federal-election-and-calgary-real-estate.html</guid>
            <link>http://www.joesamson.com/blog/federal-election-and-calgary-real-estate.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Federal Election and Calgary Real Estate</title>
            <description> <![CDATA[ There&rsquo;s nothing better than a good federal debate. Well actually, that&rsquo;s not true. Having a government be able to do its job without being having to be sidetracked by numerous costly elections, well that surpasses the greatness of watching prime-minister-wannabes duke it out on live TV. As I was watching the debates last night---wondering what must have happened to Mr. Ignatieff in his childhood that turned him into such an angry individual---I considered what we have lost by being f... ]]> </description>
            <pubDate>Thu, 14 Apr 2011 08:58:03 -0500</pubDate>
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            <guid>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-12.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-holds-key-rate-at-12.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada holds key rate at 1%</title>
            <description> <![CDATA[ The Bank of Canada holds their key lending rate at 1%. Banks therefore are expected to keep their prime rates at 3%. The Bank of Canada's key points:&nbsp;&quot;Global economic recovery is proceesing at a somewhat faster pace than anticipated&quot;.&quot;Stretched household balance sheets are expected to restrain the pace of consumption growth and residential investment.&quot;&quot;With a little more excesss supply in the near term, that Bank continues to expect that the economy will return to f... ]]> </description>
            <pubDate>Wed, 19 Jan 2011 09:59:50 -0600</pubDate>
                    </item>
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            <guid>http://www.joesamson.com/blog/zero-down-home-loans.html</guid>
            <link>http://www.joesamson.com/blog/zero-down-home-loans.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Zero Down Home Loans</title>
            <description> <![CDATA[ 
You can still purchase a home with zero down, despite what you might 
think.  The lender will qualify you based on a 95% loan to value (LTV) 
mortgage.&nbsp; A zero down payment mortgage is an option if you can qualify 
to make your principle, interest, tax, heat and 1/2 condo fees (if 
applicable) payments at 95% LTV.&nbsp;&nbsp; The lender actually funds 100% of the
 purchase price on your possession day.  The lender is paying the seller
 your 5% down payment so you can purchase the hom... ]]> </description>
            <pubDate>Tue, 30 Nov 2010 11:16:15 -0600</pubDate>
                    </item>
        <item>
            <guid>http://www.joesamson.com/blog/bank-of-canada-increases-rate1.html</guid>
            <link>http://www.joesamson.com/blog/bank-of-canada-increases-rate1.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Bank of Canada increases rate</title>
            <description> <![CDATA[ The Bank of Canada increased their key lending rate by 0.25% to 1%. Banks therefore are expected to raise their prime rates to 3%. &nbsp;The Bank of Canada said consumption growth is expected to remain solid and business investment to rise strongly. &nbsp;The Bank now expects the economic recovery in Canada to be slightly more gradual than it had projected. &quot;Financial conditions in Canada have tightened modestly but remain exceptionally stimulated.&quot;... ]]> </description>
            <pubDate>Wed, 08 Sep 2010 13:46:48 -0500</pubDate>
                    </item>
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            <guid>http://www.joesamson.com/blog/canadians-struggle-with-housing-costs.html</guid>
            <link>http://www.joesamson.com/blog/canadians-struggle-with-housing-costs.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Canadians Struggle With Housing Costs</title>
            <description> <![CDATA[ Mortgage rates are climbing for Canadian home owners but experts say that we are very unlikely to have a foreclosure wave like the one that has been taking place in the United States.Previous mortgage levels were low enough that many Canadians bought into a housing market that they can barely afford now; increased rates have resulted in many home owners paying more than 40% of their monthly income into keeping a roof over their heads, reducing the amount of money that they can spend on savings, ... ]]> </description>
            <pubDate>Wed, 02 Jun 2010 16:21:58 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.joesamson.com/blog/variable-interest-rates-are-heading-up-the-first-time-in-many-years.html</guid>
            <link>http://www.joesamson.com/blog/variable-interest-rates-are-heading-up-the-first-time-in-many-years.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Variable Interest Rates are Heading Up - The first time in many years!</title>
            <description> <![CDATA[ 
The Bank of Canada increased their key lending rate by 0.25 percent to 0.5 percent. This is the first time they raised rates in nearly 3 years. Banks therefore are expected to raise their prime rates to 2.50%. The Bank of Canada's key lending rate held strong at 0.25% for 13 months, since April 2009.&nbsp;The Bank of Canada increased their rate to re-establish normal functioning of the overnight market.&nbsp;&quot;The spillover into Canada from events in Europe has been limited to a modest fall... ]]> </description>
            <pubDate>Tue, 01 Jun 2010 16:05:21 -0500</pubDate>
                    </item>
        <item>
            <guid>http://www.joesamson.com/blog/prime-interest-rate-remains-the-same.html</guid>
            <link>http://www.joesamson.com/blog/prime-interest-rate-remains-the-same.html</link>
            <author>homes@joesamson.com (Joe Samson &amp; Associates)</author>
            <title>Prime Interest Rate Remains the Same!</title>
            <description> <![CDATA[ The Bank of Canada announced today that it will hold its rate at 1/2 percent. Banks therefore are expected to keep their prime rates at 2.25%.The Bank of Canada says that the global recovery is proceeding stronger than projected. This fact is recognized to be largely due to ongoing stimulus packages that are expected to end later this year. Despite the progress to recovery, they mention the durability of the recovery over the long term is uncertain. &nbsp;The Bank of Canada mentions our domestic... ]]> </description>
            <pubDate>Tue, 20 Apr 2010 16:03:20 -0500</pubDate>
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