• Greg’s Mortgage Payment Index

    The Index will be available shortly.
  • Links

  • RSS Andrew Kyle's Blog – Calgary Real Estate

    • Kicking yourself… February 17, 2009
      This is a Re/Max USA commercial that sums up my thoughts on the current market: The latest market conditions: […]
      Andrew
    • Real Estate Market Forecasts - Part 1 January 26, 2009
      Last week the Calgary Real Estate Board (CREB) issued its forecast for 2009 - this is the last organization expected to issue a forecast for the 2009 Calgary real estate market so I thought it might be useful to summarize them all - that will be today’s post which I am calling “Part 1″. In [...] […]
      Andrew
  • RSS Rob Reynar. Royal Lepage Foothills

    • Congrats to New Orleans February 8, 2010
      Quick shout out today to the City of New Orleans. They really deserve that championship after what they went through with Katrina.   Congrats to New Orleans Blog Transcription Hey there! Rob Reynar here checking in, just wanna give a quick shout out today to the New Orleans Saints and most importantly the city of New Orleans. I had a great trip down there […]
      Rob Reynar
    • 55 Bow Ridge Crescent, Cochrane, Alberta February 7, 2010
      I just finished uploading this House for sale, 55 Bow Ridge Crescent, Cochrane, Alberta STOP! And have a look at this fully finished walk-out home at 55 Bow Ridge Crescent for sale in Cochrane, Alberta ~ you won't be disappointed in making it your next home in Cochrane. This immaculate Scott Allen built home shows pride of ownership everywhere y […]
      Rob Reynar
  • Mortgage Rates get Chopped

    Royal Bank and Bank of Montreal cut interest rates yesterday.  RBC cut their four year by .75%, likely because they don’t want to compete in the 5 year market where everyone else is, smart move I have to say.  BMO dropped their 5 year rate by 1.05%. (link)Why?  Mostly because of the Government through CMHC providing additional liquidity to the market by purchasing insured mortgages, this allows the banks to lower their spreads (profit if you will) because they do not have to price in as much liquidity risk.  This is a small indication that government interventions are working.  As rates continue to drop both fixed and variable will bring many more buyers into the market, due to a significant increase in affordability, for people who were forced out of the market during the boom.Ready, set, GO! 

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