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Fixed-rate mortgages heading down

Fixed-rate mortgages heading down Fixed mortgage rates have already begun to drop slightly at many banks. But longer-term fixed-rate mortgages depend on the bond market, not the Bank of Canada’s overnight rate. With yields on longer-term bonds steadily falling and now at historic lows, it’s not surprising that fixed mortgages have begun to slide. A five-year fixed mortgage now carries a posted rate ...

Bank of Canada Drops Lending Rate

In a surprise move, the Bank of Canada announced on January 21st, 2015 that it was lowering its trend-setting overnight lending rate from 1 per cent to 0.75 per cent. This marks the first change to the Bank’s key interest rate in more than four years. With this trend there is no better time for homeowners to sell their property if they are thinking of upgrading or downsizing their home. First time ...

Bank of Canada shocks Market

The Bank of Canada shocked markets Wednesday by cutting its key overnight lending rate by a quarter of a percentage point.  The overnight rate, which moves down to 0.75 per cent, had been at one per cent since September 2010.

lower rates

Bank of Canada cuts rate by .75%

new century 21

new century 21
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Bank of Canada sees sronger economy

Bank of Canada sees stronger economy, oil prices a double-edged sword Thursday, December 4, 2014 - 15:22 The Bank of Canada announced on December 3rd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent. Economic conditions around the world have changed rapidly in recent months. The Bank’s December 3rd announcement took a decidedly “on the one ...
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WIND STORM CREATE POWER OUTAGES

The clean up in St.Thomas is underway after gusts of winds up to 100 km/h caused significant damage to Hydro One's distribution system yesterday. At the peak of the storm 87,000 Hydro One customers were without power and currently there's about 57,000 still in the dark.

OUTGOING COUNCIL MEMBERS SAY THEIR GOODBYES

    The outgoing members of St.Thomas City Council each took the opportunity to stand up and say a few words at their final meeting Monday night. After 32 years and having worked with eight different mayors, Alderman Gord Campbell said thanks to CIty staff and made final remarks during the meeting. Emotion was evident in Alderman Tom Johnston's voice as he said thanks to City staff and to ...

Please Remember to Vote on October 27th

Please do everything within you power to VOTE today  October 27

2014 MUNICIPAL ElLECTION 2014

Advanced Pol today at Elgin Mall between 10 am - 4 pm.  Please Vote!!
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