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CIBC Predicts Slowing Interest Rate Hikes
Continuing weakness in the US economy may force the Bank of Canada to put interest rate hikes on hold after September, notes a new report from CIBC World Markets Inc. |
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New Lower Rate on 3 Year 50/50 Mortgage
A weighted average of 2.87%!
With this product your client can enjoy the low rate of an adjustable mortgage without total exposure to interest rate increases. One half of the mortgage is adjustable and the other half is at a fixed rate. |
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Market Balances in June
Ottawa, July 6, 2010: Members of the Ottawa Real Estate Board sold 1,615 residential properties in June through the Board’s Multiple Listing Service® system compared with 1,897 in June 2009, a decrease of 14.9 per cent. Of those sales, 418 were in the condominium property class, while 1,197 were in the residential property class. |
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BOND YIELDS PLUNGE, SPREAD INCREASES TO NEW HIGH
The bond market continues to defy economists’ expectations. The 5-year yield has fallen to 2.30%, well below technical support at 2.40%. Disappointing Canadian GDP, weaker growth in China, and rallying U.S treasuries are just the latest catalysts pushing down yields. |
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Market Evolution