Inflation is above target for the month of February, leading analysts into a bit of a frenzy. While this could lead to a rate hike earlier than expected, many also believe the buzz of the Vancouver 2010 Olympics drove prices up temporarily. Source: today's National Post
As reported in Tuesday's Montreal Gazette, more Canadians plan to buy homes in the next 2 years. The strength of the Canadian housing market relative to worldwide markets has increased confidence in real estate.
Keeping their promise to hold rates until mid 2010, Bank of Canada has held the key rate at .25%, stating underlying factors in the Canadian Recovery are unchanged as reported in The Wall Street Journal today.
Canada's economic recovery is steamrolling ahead (as read in today's Montreal Gazette). While recovery is always good, it also means we must keep our eyes on the rates. If you're in a variable, you will inevitably make the decision to lock in, or stay floating. After you know how rates work, you can hopefully make an informed decision in the future.
Our website tells you the details of what and how Alta Pacific MIC works... this news page (and our Canadian mortgage blog) is updated regularly and hopefully sheds some light on who we are while also sharing some of the latest news in Canadian investing - most notably, investing in Canadian mortgages and real estate.
While the Alta Pacific team has considerable experience in real estate, we're new to this online world - including blogging - so go easy on us.
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