CFFBank EASYONE account (Line of Credit and High Interest Saving Account all-in-one)
CFF Bank EASYONE account with high interest savings rate is packaged as all-in-one banking solution. This account offers customers the ability to take advantage of both an unsecured line of credit and high interest savings with one simple, no-fee account
Transfer higher interest credit card balances
Pay for your next home renovation
Increase your savings
Pay for a vacation
Reduce interest you pay
Manage your cash flow
As a partner with CFF Bank, Im now able to offer you exclusive banking products available through CFF Bank!
I encourage you to open the new CFF Bank EASYONE Account. This no-fee account offers up to $25,000* in credit. And now for a limited time** you can take advantage of the following:
Up to 120 days NO INTEREST on the Line of Credit portion of your account
3% BONUS RATE on the Savings portion of your account for maximum savings
CFF Bank EASYONE Account Features:
Unsecured Line of Credit
High Interest Savings Account
Access Funds Online or by Telephone Banking
CFF Bank EASYONE Account Benefits Unsecured Line of Credit:
Rate of interest is lower than a traditional credit card
Access to credit whenever its needed
Reduce interest owing with any deposits made to the account
Pay interest only when the account is used
High Interest Savings Account:
Earn high interest when borrowings are paid off
Unlimited transfers to pre-authorized account
Higher interest rate than most banks
Total flexibility not locked-in
A great way to make your savings work harder
Access Funds Online or by Telephone Banking:
Logon to online banking at www.CFFBank.ca
Or email firstname.lastname@example.org for any questions
CFF Bank is a 100% Canadian owned Schedule I bank and a member of Canada Deposit Insurance Corporation (CDIC)
Sign up today! Call me now at613-627-1041
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*Some conditions apply.
**This is a limited time offer on all deals funded before April 30, 2015. Rate of 3% inclusive, and subject to change without notice
CREA Updates Resale Housing Market Forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service (MLS) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds.
The new mortgage stress test announced last October had been expected to cause homebuyers to rush purchases in advance of the new rules coming into effect in January and for the pull-forward of sales activity to result in fewer transactions in the first half of 2018.
Evidence suggests the policy response was stronger than expected, with seasonally adjusted national home sales last December having surged to the highest level ever recorded before dropping sharply in early 2018.
Actual (not seasonally adjusted) national sales figures for March, April and May are typically among the most active months in any given year. Combined sales fell to a nine-year low for the three-month period. The seasonally adjusted trend suggests sales momentum has not yet begun to rally.
Interest rates are widely expected to rise further this year and next. Home sales activity is nonetheless still expected to strengthen modestly in the second half of 2018 as housing market uncertainty diminishes.
Taking these factors into account, the national sales forecast has been revised downward and is now projected to decline by 11% to 459,900 units this year. The decrease almost entirely reflects weaker sales in B.C. and Ontario amid heightened housing market uncertainty, provincial policy measures, high home prices, ongoing supply shortages and this years new mortgage stress test.
Bank of Canada maintains overnight rate target at 1¼ per cent
The Bank of Canada today maintained its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1 per cent.
Global economic activity remains broadly on track with the Banks April Monetary Policy Report (MPR) forecast. Recent data point to some upside to the outlook for the US economy. At the same time, ongoing uncertainty about trade policies is dampening global business investment and stresses are developing in some emerging market economies. Global oil prices have been higher than assumed in April, in part reflecting geopolitical developments.
Inflation in Canada has been close to the 2 per cent target and will likely be a bit higher in the near term than forecast in April, largely because of recent increases in gasoline prices. Core measures of inflation remain near 2 per cent, consistent with an economy operating close to potential. As usual, the Bank will look through the transitory impact of fluctuations in gasoline prices.
In Canada, economic data since the April MPR have, on balance, supported the Banks outlook for growth around 2 per cent in the first half of 2018. Activity in the first quarter appears to have been a little stronger than projected. Exports of goods were more robust than forecast, and data on imports of machinery and equipment suggest continued recovery in investment. Housing resale activity has remained soft into the second quarter, as the housing market continues to adjust to new mortgage guidelines and higher borrowing rates. Going forward, solid labour income growth supports the expectation that housing activity will pick up and consumption will continue to contribute importantly to growth in 2018.