Business report: Big Canadian banks gear up for busy spring real estate market
"CITYBIZ"
Announcer(Compere):Good morning, Mike Eppel.
Mike Eppel: Hi, Kevin.We 've got Canadian banks growing up what they are expected to be a busy spring time real estate market and some ultra-low mortgage rates. Once again, The Bank of Montreal offers a special five years rate at 2.99% follows the TD bank's four years rate at 2.97%, or back to these rates below 3% pressure. Last time we saw these was about a year ago we recalled. When the bank will publicly rebuilt by that Finance minister Jim Flaherty for lowing mortgage rates too much,They're concerning about creating bubbling house, Nobody sees that right now,They figure gonna be busy. This spring time is for real estate market competing to get some mortgage business. Sue gain very low borrowing cost will say if that fact was prepared the higher, The price is for real estate specifically in the GTA.
It was really hard to listen clearly about this report! I couldn't keep up with Mike's speed of speaking, I almost listened to it word for word and sentence for sentence with uncounted times in more than 5 hours, I hate this report, It made me lose my confident for learning, It really let me feel annoyed and depressed and worried about my listening English at this night.
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