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The target for the overnight rate

The Bank carries out monetary policy by influencing short-term interest rates. It does this by raising and lowering the target for the overnight rate. The overnight rate is the interest rate at which major financial institutions borrow and lend one-day (or "overnight") funds among themselves; the Bank sets a target level for that rate. This target for the overnight rate is often referred to as the ...

First-time Buyers Increase Their Use of Mortgage Brokers

Survey results show that during the past twelve months about one-quarter of all mortgage transactions were arranged through the mortgage broker channel. Most notably, broker share among first-time buyers has increased to 44%, up from 35% in 2007. Among other market segments broker share has remained stable. In particular, broker share among those renewing their mortgage continues be relatively stable ...

Inflation rate drops to 0.1 per cent in May

Canada's annual inflation rate dipped to 0.1 per cent in May from 0.4 per cent in April, according to Statistics Canada. I hope you find this information useful.  Thanks for stopping by. Constantine Isslamow Broker/Manager

Crystal Edwards completes CREATE 21 training program

FOR IMMEDIATE RELEASE:   June 16, 2009 Peterborough - CENTURY 21 UNITED REALTY INC. BROKERAGE is pleased to announce that Crystal Edwards, sales representative with CENTURY 21 UNITED REALTY INC.  has successfully completed the CREATE 21 CANADA New Agent Training Program, a real estate sales fundamentals training course that is delivered by live instructors over the Internet via the ...

Battle of the Internet.

According to the NAR 2008 Profile of Home Buyers and Sellers, 87% of buyers used the internet to search for properties. Wondering how our office stacked up with other Real Estate Brokerages within our trading area, we clearly have the competition beat with the content of our website. Check out our office website at www.goldpost.com Looking how our corporate website stacks up against other Brokerages, ...

Mortgage Rates

  Effective June 12, 2009  GET THE MORTGAGE THAT MEETS YOUR NEEDS With unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs.  Call me today and SAVE!       Posted Rate % Best Rate % 1-year    4.50    ...

Spring 2009 Peterborough housing market:

Spring 2009 Peterborough housing market: Average prices have little relevance to your home Let's face it, nobody wants to be average. It's the terrain of the unremarkable-the realm of the safe middle ground. But while "average" is by its very definition nothing to brag about, it does have its place in our world. It shows us the big picture. It reminds us where we stand, right? Well, to a point. ...

Mortgage Rates

  Effective June 10, 2009  GET THE MORTGAGE THAT MEETS YOUR NEEDS With unbiased advice, fast, flexible service, competitive rates, and access to many lending sources, I can make sure you get the mortgage that meets YOUR needs.  Call me today and SAVE!       Posted Rate % Best Rate % 1-year    4.50    ...

MAY 2009 REAL ESTATE TREND INDICATOR CITY OF PETERBOROUGH

  SUB-DISTRICT 1-5 SINGLE FAMILY HOMES Residential Unit Sales Number of Bedrooms Active Listings Price Class 2 or Less 3 4 or More Price Class 2 or Less 3 4 or More Under $100,000 0 0 0 Under $100,000 2 0 0 $100,000 - 149,999 1 7 0 $100,000 ...

REAL ESTATE MARKET UPDATE

  Peterborough and The Kawarthas Number of Units Sold by Price, Average Days on Market and Sale to List% January 1, 2009 - May 31, 2009 Price Units Sold Average Days Sale to List % <30,000 0 0 0 30000-39999 1 98 80 40000-49999 2 68 76 50000-59999 0 0 ...