Calgary Real Estate News and Information

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Calgary Real Estate News and Information

Dan Welyk, Real Estate Professional and Marianne LePan, Mortgage Specialist provide their insights to current market trends and information. Keep up to date with Stats, Rates and News!

Bank of Canada Maintains Low Interest Rate

Good morning:  following the Bank of Canada's meeting yesterday the Bank said that while the eonomic growth in Canada resumed int he 3rd quarter of 2009 and there has been a slightly higher than expect rate of inflation in recent month, it reitereatd that the economy is till lagging, particularly due to factors like a strong Canadian dollar and low level of US demand.  Low interest rate is predicted to remain the same well into the 2nd quarter of 2010.  Next Bank of Canada meeting is March 2, 2010.  Go to http://www.findnewdigs.com/Mortgage_Rates/page_2054071.html for further details and updated interest rates.  HAVE A GREAT DAY !

Marianne LePan, AMP

Published Tuesday, January 19, 2010 9:35 AM by Marianne LePan

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