No Increase In Interest Rates Says The Bank Of Canada.....

01/20/2010

No Increase In Interest Rates Says The Bank Of Canada.....

As expected the Bank of Canada’s rate announcements continue to ring the same bell for the last 9 months: no change, no change and no change…

Well, Yesterday they met yet again, and guess what happened? Nothing, no change again!

The Bank left Canada’s key lending rate at a record low 0.25%. That’s been the rate since April of last year.

In Yesterday’s report it reads:

“Conditional on the outlook for inflation, the target overnight rate can be expected to remain at its current level until the end of the second quarter of 2010.”
“The global economic recovery is under way.”
The economy should return “to full capacity” with inflation returning “to the 2% target in the third quarter of 2011.”
“The Bank projects that the economy will grow by 2.9% in 2010 and 3.5% in 2011.” (an increase versus its prior forecast)

The next BOC meeting is March 2. I find it very interesting that the BOC has kept the rates at record low rates for this long.

I feel change is in the air...what do you think?????

David

Posted by David Waters on 01/20/2010 | Permalink

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Cindy and David
Thank you so much for helping us to find our perfect house. We very much enjoyed working with you because you made the "daunting" house-search process painless! You were always available to answer our questions and help educate us on the ins and outs of the process. You showed us a range of homes including ones we didn't like to let us see contrast to the ones you knew we'd like. You understood us. We both recall sitting with you at Tim's and talking about Orangeville, no hard sell, just objective conversation. We couldn't have asked for better Realtor. Over & over, friends of ours said things like, "Our real estate agent didn't do that for us." We've come to realize that you are in a class all of your own, and we recognize the high standards you operate within. We are so lucky to have met you for our first foray into the housing market. It seemed so simple with you by our sides... thank you again!

Sue and Paul
“David provided excellent advice and made the sale of our home more than a sales transaction. “He handled everything with care and professionalism - everything with our experience was top notch. From dealings with other agents, the experience was truly unique. David sets a high standard for the rest of the real estate community. “We gave out business cards to all our neighbours!”

Sandy and Thomas
“To David– you provided us with undivided attention, and being new to the area, you gave us valuable directions which we use everyday. Your limousine service was stellar! “Everything was excellent, David followed up on everything and made sure we were informed about the whole process. Also when we were procrastinating you made sure we understood the importance of dealing with things ASAP! You are organized, thorough, friendly, knowledgeable and you listen and deliver! “Thank you for your time and patience! We love the home and will continue to tell our friends about your commitment, professionalism and your wonderful style.”

The Oliver Family
“Before I had decided to sell, I requested some information on the market in my area. I was very impressed with the detail of the information I was provided. From that point on, David was at the top of my Realtor list. David always had a very calm and soothing outlook on the process. He kept me relaxed and confident about my decisions. You are a hard working, down to earth couple who takes great pride in establishing personal connections with your clients.”

Mike and Anne
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Anne and Jim
“Your guide booklet helped us right until the closing day. All my questions were answered before I had to ask. I felt very comfortable with everything - keep up the great teamwork and positive attitude! “You have a lot of knowledge about real estate and you know exactly what to do. You made everything EASY as PIE! And a very exciting and enjoyable process!”

Jeremy
“Initially going through the whole process slowly step-by-step was very helpful. It was very educational and made us feel more comfortable. David was great, very kind and friendly and gave us some very good tips. He was very informative and available upon request. He worked late hours with us throughout the process to get things done. “Your next client should know that you are great for first-time home buyers -- very patient and knowledgeable. Thank you very much for your time and efforts!”

Katie and Dan
"I did research on the websites of various agents - yours spoke to me the most. I scheduled a time to meet with David and I knew that it was a great match as soon as he handed me the binder. I always felt like I was the only client (even though I knew I wasn't). "What I remember most was when I was at the point where I was deciding whether to put in an offer on a house... I told David I was "pretty sure", and he said, "We only do 100% sure." I thought this was a remarkable statement, truly caring about my decision and not just trying to push me into something. "You always exceeded my expectations with all of the personal attention, lots of contact & genuine interest to help me find a great home. I smile every time I receive mail from you, wondering what else you could possibly do for me. You are incredible agents and incredible people!"

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01/20/2010