This morning the Bank of Canada announced that the overnight rate will remain at 1% but for the first time since the recession it said it would eventually have to lift borrowing costs if the economic growth continues.
Visit Alta Pacific's Canadian mortgage blog for yesterday's news and commentary on Monday's Bank of Canada speech by Agathe Côté and an interesting article in yesterday's Financial Post
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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