Thanks to Pierre Marchildon for posting this interview with Alta Pacific Mortgage Investment Corp. partner Steve Froese. While this 6 minute video does not speak directly to Alta Pacific’s portfolio of mortgage investments, we hope it sheds some light on the wisdom and experience that our founders have. We are extremely diligent in placing our investors’ capital in quality Western Canadian mortgages – all backed by commercial and/or residential real estate. Interesting to note the changing position of major Canadian lending institutions and the opportunities that have come forward in recent months for lenders like Alta Pacific MIC. You can find this video on and others like it on MarchildonPartners.com.
If you have any questions about Canadian mortgages or investing in Canadian real estate by investing in Canadian mortgages, we invite you to call or email us. Our contact details can be found on our website. We’d be happy to speak with you about questions you have about investing in a Mortgage Investment Corporation (MIC).
Eric Lascelles is Chief Canada Macro Strategist with TD Bank / TD Securities. In this six minute video interview, Eric speaks to the expected rate changes that Bank of Canada (BoC) has coming.
A couple things we noticed from this quick and informative interview
BoC is taking a different approach than what the markets are taking
Canada’s GDP growth per quarter is “very high” at 5-6%
Employment increases have been seen for the past 8-10 months in Canada
While Canada’s economy is – and has – recovered well, BoC must take into account the global affects that are currently underway. This factor causes uncertainty with what they might do in coming rate announcements.
The July 20th rate change by BoC is expected to increase the overnight rate from 0.5% to 0.75%
The Fed (US Federal Reserve) is expected to lag the B0C by a full year in its rate increases… expected to occur in 2011
BoC is moving rates earlier – and likely at a more steady/slow rate of increase – than the Fed
At Alta Pacific Mortgages & Investments, we watch the global economic conditions as closely as we watch the Bank of Canada’s movements… but even above these important indicators, we watch what’s happening in the Western Canadian real estate market. Investors in our mortgage fund (Alta Pacific Mortgage Investment Corp. / MIC) have experienced steady consistent returns since the fund first started operations. If you’re interested in learning more how you can invest in Western Canadian Real Estate through mortgages, please don’t hesitate to contact us.
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