Many banks now expect rates to rise from 1/4% to 1% by late 2007 to mid 2008. This is a marked change from January when only a handful of economists predicted rate hikes. Article: Toronto Star
1 in 7 Canadians own a vacation property. 1 in 4 want to buy one. (The real question is, how many can afford one.) New vacation property mortgages–like those from MyNext and Scotia–are making it easier, however. (Source of stats: GMAC Study)
After a string of recent press releases MortgageBrokers.com’s stock price has taken a wild ride lately–going from 0.75 to 2.35 and back down to 0.38 last Thursday. The releases keep coming though. MB’s latest news is a partnership with Wells Fargo.
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