Excerpts from How to Get Rid of a Telemarketer
Identifying a Telemarketer
Each time the phone rings there is a chance that a telemarketer looms on the other end of the line. To successfully rid yourself of
an annoying sales call, you must remain prepared to act immediately. Therefore, identifying a telemarketer as soon as-or better
yet, before-you pick up the receiver is essential to implementing effective anti-telemarketer techniques. Follow the procedures
outlined on the following pages to prepare yourself to handle unwanted calls.
1. Recognize the Ring
Always consider the activity you are engaged in when the telephone first rings. There is at least a fifty percent chance that you
are about to have an encounter with a telemarketer if you are:
Watching your favorite TV show.
Taking a bath.
Changing a diaper.
Eating dinner.
Engaged in "marital relations."
Leaving the house, late for an engagement.
Reading in the bathroom.
Napping.
Painting the ceiling.
Burning cookies.
June Says: Hi there, readers! Do you have call waiting? If you're talking long-distance with an old friend and
someone "beeps in," chances increase to eighty percent that the new caller wants to sell you something!
2. Recognize the Greeting
To deflect a sales call effectively, you must be able to identify a telemarketer and hang up (or take charge of the call--your
choice) before he or she can squeeze off seven words. If a caller answers your greeting in any of the following ways...
Four Steps to Hanging Up
Let's cut to the chase: many of you bought this book simply because you want nothing more than to rid yourselves of phone
pests. Your compassion as a human being, however, may prevent you from simply hanging up. (This may also be a sign of
codependency: by speaking to telemarketers, you are also acting as their "enabler.") Whatever the case, you need to know
how to hang up quickly and effectively. Remember, to really help those on the other end of the line, we must discourage them
from pursuing their current careers. Once you've correctly identified a telemarketer, use the four steps on the following pages to
gain the confidence you need to free yourself from sales calls.
Step 1. Interrupt the Telemarketer.
This is perhaps the hardest step, most often because once a telemarketing pitch begins, it's hard for anyone to get a word in
edgewise. It is, however, one of the most important aspects of phone solicitation deterrence: confronting telemarketing calls
relies on actually speaking.
Beginners may wish to employ an "apologetic" approach: "I'm sorry, but I must hang up the phone now. This is very difficult for
me. I'm going through a four-step program to help me learn to hang up on telemarketers. I don't blame you for the call or your
unfortunate career choice-I hope you'll understand."
If you succeed with Step 1, proceed directly to Step 4. If not, go to Step 2.
Step 2. Walk Away.
If you can't bring yourself to interrupt a telemarketer, simply set the phone down and walk away. You can rest assured the
caller will keep right on talking and never know you've gone.
Were you able to lay down the phone for at least one minute? Congratulations! You're making progress.
Now go back to Step 1 and try again to interrupt the caller, but this time speak before listening to the caller's voice-this way
you give yourself the illusion that you're not actually interrupting.
If you couldn't set the phone down for at least one minute, proceed to Step 3...
Efficient Escape 1:
Confuse the Caller
If you're confident a telemarketer looms on the other end of your ringing phone, answer by saying: "Hi, I'd like to place an
order to go," and continue by reading your favorite Chinese restaurant take-out menu. If the telemarketer doesn't on his or her
own, HANG UP!
Efficient Escape 3:
Create a Technical Difficulty
Interrupt by ignoring the telemarketer and saying, "Hello? Hello?" Click the reset button twice quickly, without hanging up, and
repeat "Hello? Hello?" Follow by saying, "Well, whoever it was, they must have hung up." Then HANG UP! If they call back,
repeat. If they call back more than three times, tell them you were just kidding, compliment them on their persistence, and
HANG UP immediately!
Efficient Escape 7:
Rehearse Your Vegas Act
Interrupt by breaking into song during the telemarketer's pitch. Don't stop until they hang up. If they remain on the line, soften
your voice, creating a "fade away" effect and hang up after a few bars. Show tunes and anything by Ethel Merman tend to be
the most effective, but nothing clears your phone line faster than your own rendition of Whitney Houston's "I Will Always Love
You." Leave the hanging up to the telemarketer.
Elaborate Encounter 1:
The Old Codger/Old Crone
If the caller asks, "Is this the man [or woman] of the house?" Tell them, "Just a minute, please." and pretend to hand the phone
to "dad" or "grandpa" (or "mom" or "grandma") as the case may be. Then use your best "old codger" (or "old crone") voice and
bombard the caller by repeating "Huh?" and "Speak up!" If they persist, go into a pointless, meandering, story that begins:
"Why, back in my day we didn't " Add drool-laden "slurp" noises for effect. The phone salesperson will soon give up.
Elaborate Encounter 6:
Vacuum Sales
Is the telemarketer offering a "free," one-room carpet cleaning? Excellent! Don't pass this one up! Simply tell them to "Come
right over! Right now! Because, believe it or not--what timing! This is great! You see, I'm fleeing--er, moving out of
state--very, very soon. Everything is set to go, but this house is a rental and I'll never get the deposit back if I don't get this
carpet cleaned. How soon could you guys get here? It will get blood stains out, won't it? How about identifiable fibers, like hair
or that DNA stuff? You know, like in the O.J. trial? Say, you don't think he really did it, do you? You want to know my
theory?" Again, run with this one as long as you can.
Elaborate Encounter 15:
Veggiebabble
Based on the theory that you don't have to actually be psychotic to act crazy, this routine causes most telemarketers to question
their career choice. When a telemarketer begins a pitch, arbitrarily begin inserting the names of vegetables as they try to speak.
After the first or second "rutabaga" or "broccoli" they should respond by saying, "What?" Reply by naming another vegetable
("okra" and "Brussels sprouts" work particularly well). The salesperson will begin laughing uncomfortably and hang up. You
win.
How to Get Rid of a Telemarketer also features a dozen more escapes and encounters, Telecommunication Specialist Bob
Schuck's guide to the modern Touchtone phone, a profile of a typical telemarketer, and even other jobs that utilize
telemarketing skills.
Enjoy,
Mark
Monday, May 26, 2008
Sunday, May 25, 2008
PROTECTION TIPS for preserving your Identity
PROTECTION TIPS
While the Identity Watch program is an excellent way to guard your identity and protect your credit, no one is completely safe. Take the following steps to further minimize the risk of identity theft.
- Get a shredder and destroy any unneeded charge receipts, copies of credit applications, insurance forms, cheques and bank statements
- Cut up expired charge cards that you're discarding, and credit offers you get in the mail
- Monitor your financial records and credit rating
- Don't share personal information on the Internet unless you've initiated the contact or know who you're dealing with
- Promptly remove mail from your mailbox
- If you're away from home and can't pick up your mail, call Canada Post to request a vacation hold
- Shield your computer from viruses and spies by updating firewall and virus protection software
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Friday, May 23, 2008
Mortgage interest rate update
Fixed rates have dropped slightly, RBC started the trend on Wednesday and others are following.
Below are the latest posted and discounted mortgage interest rates in the GTA
| POSTED | OUR RATES* | |
| 6 Month | 6.20% | 6.20% |
| 1 Year | 6.15% | 4.85% |
| 2 Year | 6.15% | 4.90% |
| 3 Year | 6.15% | 4.99% |
| 4 Year | 6.59% | 5.25% |
| 5 Year | 6.65% | 4.99% |
| 7 Year | 7.40% | 5.80% |
| 10 Year | 7.75% | 5.90% |
| Variable Rate | 4.00% | |
| Prime Rate | 4.75% | |
* Rates may vary provincially and are subject to change without notice.
Rates Last Updated: Thursday, May 22, 2008
Rates Last Updated: Thursday, May 22, 2008
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Thursday, May 22, 2008
CMHC reports on economic outlook
At a glance:
Mortgage Rates
Employment
Income
Net Migration
Natural Population
Increase
Consumer Confidence
Resale Market
Vacancy Rates
Mortgage rates have moved slightly higher over the past year. This rise, in conjunction
with higher house prices, has and will continue to push mortgage carrying costs higher.
As a result, this will ease housing demand, particularly for first-time buyers.
A record share of Canadians continue to be employed, moving the economy close to
full-employment. Accordingly, job growth should slow to rates that are more in line
with overall population growth. Job creation will continue to stimulate housing
demand, but not as much as in the previous years.
Rising incomes will continue because of tight labour markets and a strong demand for
workers. This should partially offset the negative impact of higher mortgage carrying
costs on home ownership demand.
Net migration is expected to remain strong in 2008. Ontario, Quebec, and British
Columbia will continue to attract the bulk of the international immigrants. B.C.,
Alberta and Saskatchewan will attract a large number of inter-provincial migrants from
the rest of Canada.
Canada's population is aging, and as a result, a smaller proportion of people are in
their child bearing years and thus the birth rate is decreasing. High immigration levels
will slow the average aging of the population, however, the rate of increase in the
natural population (births - deaths) is slowing. This will eventually lessen the demand
for additional housing stock in the longer term.
Consumer confidence, as measured by the Conference Board of Canada, remains
positive. Furthermore, strong consumer sentiment is expected to prevail throughout
the forecast period. Confident consumers will continue to support demand for home
ownership.
Lower existing home sales, combined with a high level of new listings in 2008, will
move the resale market towards more balanced territory. As a result, the rate of
growth in the average MLS® price will moderate during 2008, especially in Canada's
western provinces.
Modest rental construction and increased competition from the condo market will be
offset by strong rental demand due to high immigration and a rising gap between the
cost of homeownership and renting. As a result, vacancy rates across Canada's
metropolitan centres should remain relatively stable, but slightly higher in 2008.
Mortgage Rates
Employment
Income
Net Migration
Natural Population
Increase
Consumer Confidence
Resale Market
Vacancy Rates
Mortgage rates have moved slightly higher over the past year. This rise, in conjunction
with higher house prices, has and will continue to push mortgage carrying costs higher.
As a result, this will ease housing demand, particularly for first-time buyers.
A record share of Canadians continue to be employed, moving the economy close to
full-employment. Accordingly, job growth should slow to rates that are more in line
with overall population growth. Job creation will continue to stimulate housing
demand, but not as much as in the previous years.
Rising incomes will continue because of tight labour markets and a strong demand for
workers. This should partially offset the negative impact of higher mortgage carrying
costs on home ownership demand.
Net migration is expected to remain strong in 2008. Ontario, Quebec, and British
Columbia will continue to attract the bulk of the international immigrants. B.C.,
Alberta and Saskatchewan will attract a large number of inter-provincial migrants from
the rest of Canada.
Canada's population is aging, and as a result, a smaller proportion of people are in
their child bearing years and thus the birth rate is decreasing. High immigration levels
will slow the average aging of the population, however, the rate of increase in the
natural population (births - deaths) is slowing. This will eventually lessen the demand
for additional housing stock in the longer term.
Consumer confidence, as measured by the Conference Board of Canada, remains
positive. Furthermore, strong consumer sentiment is expected to prevail throughout
the forecast period. Confident consumers will continue to support demand for home
ownership.
Lower existing home sales, combined with a high level of new listings in 2008, will
move the resale market towards more balanced territory. As a result, the rate of
growth in the average MLS® price will moderate during 2008, especially in Canada's
western provinces.
Modest rental construction and increased competition from the condo market will be
offset by strong rental demand due to high immigration and a rising gap between the
cost of homeownership and renting. As a result, vacancy rates across Canada's
metropolitan centres should remain relatively stable, but slightly higher in 2008.
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Tuesday, May 20, 2008
CREA report on Canadian existing home sales
Canadian existing home sales for April were released late this afternoon by the Canadian Real Estate Association, and were up a tad from March (+0.8% in seasonally adjusted terms).
That still left sales down 6.1% y/y versus a weather-pounded 18.7% y/y plunge in March. (In seasonally adjusted terms, sales were down 12% y/y in both months.) Average prices rose just 3.2% y/y, versus a Q1 pace of 5.5% and an 11% increase for all of 2007. That’s the slowest increase for prices since October 2001. Prices actually fell from a year ago in both Calgary and Edmonton, as well as in Windsor and St. Catharines. (Talk about the two extremes of the growth rainbow.)
Even Vancouver saw price increases dip into single-digit terrain, joining Toronto and Ottawa. However, Regina (at +64.6% y/y), Saskatoon (+31.2%) and Winnipeg (+19.9%) are still ripping along with double-digit price gains, joined by a few other smaller cities in central and eastern Canada.
So far this year, national home sales are down 11% y/y, and prices are up a moderate 4.8%.
The sales drop and the modest price gain are well down from years of double-digit increases, and further confirmation that the boom days are over. Notably, no city in the country has reported a price decline from year-ago levels over the first four months of the year, so the slowdown is still far from mimicking the U.S. experience.
However, we would point out that new listings have climbed more than 8% this year, even as sales have slid, pointing to “a more balanced market” according to CREA (i.e. much more of a buyer’s market), and even less upward pressure on prices looking ahead. In CREA’s words --- “presentation factors such as prudent pricing are necessary for a faster sale”. That’s a polite way of saying: If you’re looking for double-digit price gains, dream on
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Holiday weekend rate update & more
Hello,
Mark
Hoping everyone has some free time to enjoy the first long weekend of the spring/summer season! If the weather guys are right....the yard work may need to be postponed!
Important information about variable rate mortgages:
Did you know:
- Lenders allow clients to switch their variable rate mortgage into a fixed rate product during the term;
- Only a few lenders will commit in writing, that the client will receive the best rate when they switch;
- Most lenders will offer the posted rate (approx. 1.5% higher than the best rate).
Of course, no one advertises the rate will be posted but when the decision is made to lock-in, it becomes a very shocking & expensive realty.
Working with a mortgage broker, you will receive unbiased advise & information.
Based on the comparison of all the features & terms, the mortgage broker can advise you on the best lender for the type of mortgage you want. Having choices is significant.
Interest rates have remained stable...the next Bank of Canada announcement is scheduled for June 10th.
Have a great weekend,Mark
Friday, May 16, 2008
This is what RBC tells it's customers in times of fluctuating markets
This is what RBC is emailing to their clients who have investments in the Canadian equity markets
As a self-directed investor, you know market volatility is unavoidable. And when volatility increases, as it has since mid-2007, you may be keeping a closer eye on your investments and considering your next steps. Staying committed to your long-term plan is critical. Equally important is confirming your tolerance for risk and building a disciplined approach to diversification into your portfolio.
Don't lose sight of your investment plan and goals - short and long term. Reflect on your comfort level with potential exposure to downturns and consider your options:
> I'm comfortable riding the ups and downs.
Validate your portfolio holdings using the tools and research available through your online investing site. These include various S&P portfolio styles: fundamental, quantitative and risk-adjusted. Plus you can look to research from RBC analysts including daily Canadian equity research summaries and market commentaries along with a quarterly global investment outlook.
> I'm having difficulty sleeping at night; I am uncomfortable with the volatility.
Use the asset mix calculator to review your risk profile and asset allocation. If your review indicates a decreased tolerance for risk, you may benefit from a more conservative portfolio; we offer one of the largest fixed income inventories in Canada, including GICs from over 20 issuers, to ensure access to the best rates available. You can also select from a wide range of mutual funds, providing professional money management across a large range of balanced, income and money market funds.
Once you have decided which option suits you, be sure to keep a disciplined approach to diversification and stay focused on your plan and goals. Stay current on the markets by looking at the Daily Morning Market Commentary, Canadian Equity Research Summaries and S&P Weekly Outlook - all found under the Research tab.
As a self-directed investor, you know market volatility is unavoidable. And when volatility increases, as it has since mid-2007, you may be keeping a closer eye on your investments and considering your next steps. Staying committed to your long-term plan is critical. Equally important is confirming your tolerance for risk and building a disciplined approach to diversification into your portfolio.
Don't lose sight of your investment plan and goals - short and long term. Reflect on your comfort level with potential exposure to downturns and consider your options:
> I'm comfortable riding the ups and downs.
Validate your portfolio holdings using the tools and research available through your online investing site. These include various S&P portfolio styles: fundamental, quantitative and risk-adjusted. Plus you can look to research from RBC analysts including daily Canadian equity research summaries and market commentaries along with a quarterly global investment outlook.
> I'm having difficulty sleeping at night; I am uncomfortable with the volatility.
Use the asset mix calculator to review your risk profile and asset allocation. If your review indicates a decreased tolerance for risk, you may benefit from a more conservative portfolio; we offer one of the largest fixed income inventories in Canada, including GICs from over 20 issuers, to ensure access to the best rates available. You can also select from a wide range of mutual funds, providing professional money management across a large range of balanced, income and money market funds.
Once you have decided which option suits you, be sure to keep a disciplined approach to diversification and stay focused on your plan and goals. Stay current on the markets by looking at the Daily Morning Market Commentary, Canadian Equity Research Summaries and S&P Weekly Outlook - all found under the Research tab.
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Thursday, May 15, 2008
CMHC predicting Terms of trade advantage to help Canada outperform the U.S. economy
Terms of trade advantage to help Canada outperform the U.S. economy
Canada's economy will slow but will slightly outperform the U.S. economy, with support coming from high prices for Canadian natural resource exports.
Domestic demand will slow modestly due to credit tightening.
Canada's trade sector will act as a significant drag on Canada's economy this year and next.
The core inflation rate is expected to remain below 2% this year, with the all-items CPI likely to drop to 1% mid-year.
We are calling for the Bank of Canada to lower the overnight rate to 2.75% to mitigate downside risks to the growth outlook coming from a weakening U.S. economy, tight credit conditions and a strong Canadian dollar.Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Wednesday, May 14, 2008
RBC thinks that Bank of Canada to ease rates to 2.75%
RBC thinks that Bank of Canada to ease rates further
We also made a modest revision to our Bank of Canada call in mid-March with the Bank expected to lower the overnight rate to 2.75% rather than the 3% in our previous forecast.
With the U.S. economy in the midst of an economic downturn, Canada's growth prospects have been dampened and we forecast that the economy will grow at a tepid 1.6% this year with first-half growth averaging a modest 1%. Previously, we projected 2008 real growth of 1.7%. Financial conditions in Canada are mirroring those in other global markets with the cost of capital rising. Slumping U.S. demand for Canadian exports will weigh heavily on the pace of expansion and we expect that net exports will subtract about 3-1/2 percentage points from the 2008 economic growth rate.
The Bank of Canada acknowledged the downside risks to the economic outlook coming from the slowing U.S. economy and tightening in credit conditions when they upped the pace of rate cuts to 50 basis points on March 4 from 25 basis points at the December and January fixed action dates.
In March, policymakers reiterated that "further monetary stimulus is likely to be required in the near term to keep aggregate supply and demand in balance and to achieve the 2 per cent inflation target over the medium term", pointing to further easing in monetary policy.
Our forecast that Canada's economy will grow at a sub-potential pace in the first six months of 2008 is consistent with both the core and all-items inflation rates holding below the 2% mid-point of the Bank's inflation target range for most of the year.
Market interest rate forecasts have been tuned lower as well, with rates now expected to hold around current levels for the first half of the year and to gradually increase in the final six months. Our year-end forecast for the two-year Canada rate is 2.8%, down from our earlier projection of 3.25%. With the 10-year yield forecast at 3.75%, down from 4%. Canada's two-year/10-year yield curve will remain steep and Canada-U.S. interest rate spreads are expected to narrow modestly this year.
We also made a modest revision to our Bank of Canada call in mid-March with the Bank expected to lower the overnight rate to 2.75% rather than the 3% in our previous forecast.
With the U.S. economy in the midst of an economic downturn, Canada's growth prospects have been dampened and we forecast that the economy will grow at a tepid 1.6% this year with first-half growth averaging a modest 1%. Previously, we projected 2008 real growth of 1.7%. Financial conditions in Canada are mirroring those in other global markets with the cost of capital rising. Slumping U.S. demand for Canadian exports will weigh heavily on the pace of expansion and we expect that net exports will subtract about 3-1/2 percentage points from the 2008 economic growth rate.
The Bank of Canada acknowledged the downside risks to the economic outlook coming from the slowing U.S. economy and tightening in credit conditions when they upped the pace of rate cuts to 50 basis points on March 4 from 25 basis points at the December and January fixed action dates.
In March, policymakers reiterated that "further monetary stimulus is likely to be required in the near term to keep aggregate supply and demand in balance and to achieve the 2 per cent inflation target over the medium term", pointing to further easing in monetary policy.
Our forecast that Canada's economy will grow at a sub-potential pace in the first six months of 2008 is consistent with both the core and all-items inflation rates holding below the 2% mid-point of the Bank's inflation target range for most of the year.
Market interest rate forecasts have been tuned lower as well, with rates now expected to hold around current levels for the first half of the year and to gradually increase in the final six months. Our year-end forecast for the two-year Canada rate is 2.8%, down from our earlier projection of 3.25%. With the 10-year yield forecast at 3.75%, down from 4%. Canada's two-year/10-year yield curve will remain steep and Canada-U.S. interest rate spreads are expected to narrow modestly this year.
Read more about:
- Interest Rates
- Power of Sale Properties
- Price Trends
- or Search the MLS and more at my website
Thank you for reading my blog and if there is anything else I can help you with please don't hesitate to contact me,
Mark
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate
Thinking of Selling? Best Mortgage Rates Current Home Prices Search MLS
RE/MAX Realty Specialists Inc.
Providing Full-Time Professional Real Estate Services since 1987
( BUS 905-828-3434
›mark@mississauga4sale.com
8 Website : Mississauga4Sale.com
- Thinking of selling in the next 3 to 6 months? Would you like a Complimentary & Quick Over-The-Net Home Evaluation ?
- On-Line Real Estate Newsletter sign up
- See seasonal housing patterns
Tuesday, May 13, 2008
Mortgage Interest Rate Snapshot Mississauga and GTA
Below is a table showing the current posted mortgage interest rates in the GTA plus "Best Rates" offered by some lenders. Rates are excellent again, not at historic lows, but close, see graph of historic mortgage interest rates
Rates are subject to change, some conditions & restrictions may apply.
Enjoy,
Mark
| Term | Posted Rates | Best Rates* |
| 6 Month | 7.00% | 4.99% |
| 1 Year | 6.95% | 4.74% |
| 2 Year | 7.00% | 4.79% |
| 3 Year | 7.00% | 4.89% |
| 4 Year | 6.85% | 5.14% |
| 5 Year | 7.00% | 5.15% |
| 7 Year | 7.35% | 5.29% |
| 10 Year | 7.75% | 5.79% |
| Variable Rate | 4.15% | |
| Prime Rate | 4.75% | |
Rates are subject to change, some conditions & restrictions may apply.
Enjoy,
Mark
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