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Crescent Point to spend $1B in Sask in 2015

posted by The Mortgage Associates    |   March 19, 2015 08:34

Crescent Point to spend $1B in Sask in 2015

Article by Bruce Johnstone, Leader-Post, March 12, 2015

"REGINA — Crescent Point Energy Corp. is staying the course in 2015, projecting increased oil and gas production and bucking the industry trend toward major cuts in production and staffing in response to low oil prices.

Canada’s fourth-largest independent oil and gas company and the country’s top driller — based on exploratory and development metres drilled in 2014 — plans on spending more than two-thirds of its $1.45-billion capital budget in Saskatchewan this year, the company announced Wednesday.

The Calgary-based company credits its hedging program, which will see more than half of its 2015 production and one third of 2016 production locked in at higher prices, and cost reductions of up to 20 per cent, for being able to implement its 2015 business strategy."

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Canadian Housing: "There have clearly been corrections in progress"

posted by The Mortgage Associates    |   March 12, 2015 15:12

Canadian housing:  "There have clearly been corrections in progress"

Article by Michael Babad, The Globe and Mail, March 12, 2015

"Canadian house prices may be up for the second month in a row, but a key report warns that “there have clearly been corrections” in some markets.

The Teranet-National Bank house price index rose in February by 0.1 per cent from January, but prices were actually up in just three of the 11 markets tracked in the report released Thursday.

Prices rose 1.5 per cent in Vancouver, 0.5 per cent in Victoria and 0.3 per cent in Hamilton. And that’s where it ends.

The index showed losses of 0.1 per cent in Toronto and Quebec City, 0.3 per cent in Calgary and Montreal, 0.6 per cent in Halifax, 0.8 per cent in Edmonton, 1 per cent in Winnipeg and 2.1 per cent in the Ottawa regions.

“In some markets there have clearly been corrections in progress,” said senior economist Marc Pinsonneault of National Bank."

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Rate shopping sites.. tested again.. and failed again

posted by The Mortgage Associates    |   March 9, 2015 08:12

Rate shopping sites..tested again..and failed again

Article by Steve Garganis, March 2, 2015

"A few years ago, I published a study on Rate shopping sites.   These sites were gaining popularity with consumers as a  place to go if you wanted to get the best rates.  And they attracted a lot of attention.

You know the sites… they have catchy ads like ‘shopping for the Best Mortgage rates in Canada’ or ‘comparing Canada’s mortgage brokers for the best rates’. 

Hey, who doesn’t want the best rate?  These ads work. Canadians were clicking these links to get more info.

Sounds great, right? Yet, it’s not."

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