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Fixed Rates Hits The Basement
Canadians thinking about locking in their mortgage just got
a compelling reason to do so — the lowest interest rate in
history.The Bank of Montreal cut the rate on its closed
five-year fixed mortgage to 2.99%, a half a percentage point
drop that is expected to set up a wave of competition among
the banks as they fight for market share in a shrinking real
estate market........read
more
Housing Starts Jump In December
OTTAWA — New home construction rose more than expected in
December, led by multi-unit starts in urban centres such as
Ontario and Atlantic Canada, Canada Mortgage and Housing Corp.
said Tuesday.The seasonally adjusted annual rate of housing
starts was 200,200 units last month, up from 185,600 units in
November. Economists had expected starts to total 185,500 in
December.........read more
The Next Billion Dollar Wireless Industry Has
Officially Launched
A new form of wireless network known as White Spaces will come
online next month, the FCC announced today. White Spaces has
been called “WiFi on steroids” and has been championed by the
likes of Google and Microsoft. Spectrum Bridge has been given
the OK to become the first active White Spaces database
administrator. The FCC says it can begin operations on January
26. The first approved device will be made by Koos Technical
Services, and it will work much like a wireless router.......read
more
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