The first thing we need to understand about the bond market is the concept of “yield”. The yield of a bond is the income, the earning, the profit – the reason why an investor would invest. With a bond, yield is a function two things: the interest the bond pays and the price the investor […]

So, unfortunately I didn’t take a picture before the holidays of this local credit union sign – but it did read “Need Money for Christmas – come see us!” Obviously promoting taking out a line of credit or loan and thus borrowing for holiday shopping. Interestingly enough, the same credit union after Christmas changes their […]

Mortgage rules change again… The maximum amortization for insured mortgages will be reduced to 30 years. The maximum amount you can borrow to re-finance your home will change to 85% loan to value. The changes only affect insured (CMHC) mortgages and not until March 18th 2011. So, what does this mean? It actually is not […]