Dean Birks
Royal LePage Prince George
Prince George Real Estate
Oh, by the way. I'm never too busy for your referrals!
Dean Birks
Royal LePage Prince George
Prince George Real Estate
Oh, by the way. I'm never too busy for your referrals!
Just nine days after RBC cut posted rates to new lows, followed by a couple of other lenders, we have three lenders who have raised their fixed rates without warning. TD is raising fixed rates 15-25 basis points, effective tomorrow.
First National has raised their 5-yr fixed rate to 5.79%. RIGHT MORTGAGE is increasing their 5 yr fixed rate to 3.79% at midnight tonight. This is the first such increase in almost six months.
Other banks typically follow competitors’ posted rate moves within 1-2 days. We will know in the next few days if the rest will follow this time.
Not having seen or heard any reason for this increase, I as a simple person must try to rationalize this move with some logic so I can try and predict what will happen next. If one was to play "Devil's Advocate" he might remember a trend in early 90's. After the scare of high interest rates in 1981-82, people were a little shell-shocked. Once rates had settled in the more acceptable traditional 8-10% range and the market...
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Prince George Real Estate - Kitchen Renovations
Tue, 02 Nov 2010 09:56:08 +0000
There is no protection for property rights in the 1982 Canadian Charter of Rights and Freedoms. Yet property rights are recognized in most other industrialized countries, and were recognized in the 1960 Canadian Bill of Rights.
The National Citizens Coalition cites several examples of governments interfering with the enjoyment or use of property: Ontario landlords’ properties devalued by provincial legislation, companies put out of business by government monopolies in Manitoba, and B.C. dairy farmers compelled to surrender parts of quotas to the Milk Board.
How did it come about that property rights were excluded from the Charter? They were in the first draft but several provinces and the NDP objected to their inclusion. So they were left out of the final version.
The provinces balked at a property-rights clause because they though it would interfere...
Call or Text: 1-250-612-1709 : E-mail: dean@deanbirks.com
Office Location: Personal Real Estate Corp 1625 4th Avenue Prince George, BC