Mortgage News & Press Releases - June 2004
- Bridgewater Financial Services chooses ASP version of Marlborough Stirling ...
June 7, 2004 - Marlborough Stirling, a leading provider of business solutions to the financial services sector is pleased to announce that Bridgewater Financial Services, a leading Canadian residential mortgage lender, has selected the newly launched Application Service Provider (ASP) version of its Optimus mortgage administration solution. This makes Bridgewater Financial Services the first …
- Bank of Canada keeps target for the overnight rate at 2 per cent
OTTAWA, Ontario, 8 June 2004 — The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent. Economic information received since the release of the April Monetary Policy Report ( MPR ) has been generally consistent with the Bank's expectations …
- Housing Starts Remain High In May
OTTAWA, Ontario, June 8, 2004 — The seasonally adjusted annual rate 1 of housing starts was 238,800 in May, compared with 241,600 in April, according to Canada Mortgage and Housing Corporation (CMHC). "Housing construction is off to a strong start this year," said Bob Dugan, Chief Economist at CMHC's Market Analysis Centre. "January to May had the most starts for any such period since …
- Canadian homebuyers buy more time to consider money-saving options
For an individual or couple looking to purchase their first home, this increased cost impacts the maximum purchase price they can afford. As we head into a rising rate environment, homeowners should consider:
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