Putting the banks on a lower shelf The higher the better, so when a bank makes a step down to a lower level, it is considered as negative event. In finance language they call it “downgrade”. Stocks are downgraded from…
Tag Archive for Bank of Montreal
Bidding wars: the sequel
by Vasko DeLev • • 0 Comments
What others say about bidding wars My first post of this topic drew more than 5,000 regular readers of Globe and Mail. Some were critical, others supportive. It is a topic worth revisiting from time to time. Like it or…
Canadian housing: “More like a balloon than a bubble”
by Vasko DeLev • • 0 Comments
Should you listen to Sherry Cooper? When BMO released their housing report at the end of January, the media was quick to grab selected quotes and try to calm down the nation that no housing bubble is to be found…
The futile quest for the lowest mortgage rate
by Vasko DeLev • • 0 Comments
The stories of Ms. Smart, Mr. Bold and Mr. Crafty Bank of Montreal stirred quite a commotion a few weeks ago when announced the lowest 5-year mortgage rate so far – only 2.99%. It was below prime! O, my! I…
Bank of Montreal on rates
by Vasko DeLev • • 0 Comments
Increase, but not as much as previously thought… Any attempt to look ahead in time gives at best a blurry picture, but BMO’s economists are confident that by the end of this year mortgage rates will be higher than now.…
Bank of Montreal offers incentives for buying a “green home”
by Vasko DeLev • • 0 Comments
Starting today Bank of Montreal (BMO) would offer lower mortgage rate to buyers purchasing a “green home”. This is a step in the right direction, but it is questionable how effective this will be to entice buyers into the green…
Survey: Did you stress-tested your mortgage?
by Vasko DeLev • • 0 Comments
The idea of stress-testing is to look at your existing mortgage and see what would happen if suddenly the interest rate goes up. For those with fixed rates, there should not be any changes, but variable rate mortgages would be…