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Home Buyers Alert

• China talks must go beyond oil: Opposition - CTV.ca February 7, 2012
  CTV.caChina talks must go beyond oil: OppositionCTV.caFinding new buyers for Canadian oil makes economic sense. The Americans don't have their act together vis a vis the political landscape. Its best to decrease the economic dependency with them. Saw on the NEWS last night that CPR would like to move oil ...and more » […]
• As small-car sales expand, Ontario's importance shrinks - Globe and Mail February 7, 2012
  Globe and MailAs small-car sales expand, Ontario's importance shrinksGlobe and MailJust as the auto industry recovery kicks into a higher gear in Ontario, billions of dollars in new investment in southern North America and a shift to smaller vehicles are threatening the long-term health of the province's key economic engine.and more » […]

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Canada-wide Mortgage News

• Royal Bank of Canada raises mortgage rate, ending special - Vancouver Sun February 7, 2012
  Globe and MailRoyal Bank of Canada raises mortgage rate, ending specialVancouver Sun6 (Bloomberg) — Royal Bank of Canada, the country's largest lender by assets, raised mortgage rates to reflect higher funding costs, ending a promotional rate three weeks before it was set to expire. Royal Bank will increase its four-year fixed rate ...The Globe and Mail […]
• PHH Corporation Announces Fourth Quarter and Full-Year 2011 Results - MarketWatch (press release) February 6, 2012
  PHH Corporation Announces Fourth Quarter and Full-Year 2011 ResultsMarketWatch (press release)Although mortgage interest rates remained at relatively low levels through 2011, many borrowers had already taken advantage of the low interest rate environment in 2010. As a result, IRLCs expected to close declined by 12% during 2011 compared to 2010, ...and more » […]