Harper Government Takes Further Action to Strengthen Canada
Jun 21, 2012, Harper Government Takes Further Action to Strengthen Canada Read more: Department of Finance Canada
Mortgage arrears rate highest in Alberta
May 9, 2012, Mortgage arrears rate highest in Alberta CALGARY — The mortgage arrears rate in Alberta is by far the highest in the country, according to the CIBC Household Credit Analysis report released Wednesday. In January, the rate in Canada was 0.4 per cent while in Alberta it was 0.7 per cent. “This reflects the fact that, on average, … Read More
How To Use Your Line of Credit the Right Way
Apr 13, 2012, How To Use Your Line of Credit the Right Way How to use your line of credit the right way Jason Heath Apr 13, 2012 When used responsibly, home equity lines of credit can help facilitate investments, improve tax-efficiency and provide liquidity. But when credit lines are used for household appliances, vacations, new cars and dinners on … Read More
Flaherty calls on banks to ‘fix’ mortgage market
Apr 4, 2012, Flaherty calls on banks to ‘fix’ mortgage market Flaherty calls on banks to ‘fix’ mortgage market Canada’s finance minister said on Wednesday he would rather not tighten mortgage rules again to curb high household debt and that banks themselves are taking on that job by becoming more strict with their lending criteria. Jim Flaherty said he has … Read More
Ottawa to toughen CMHC oversight
Mar 29, 2012, Ottawa to toughen CMHC oversight Ottawa to toughen CMHC oversight Garry Marr Mar 29, 2012 – 4:27 PM ET | Last Updated: Mar 29, 2012 9:17 PM ET After earlier voicing concern over the activities of the country’s dominant mortgage insurer the federal government is toughening its oversight of the massive and economically vital organization. The federal … Read More
The 10-year versus 5-year mortgage: Which is better?
Mar 24, 2012, The 10-year versus 5-year mortgage: Which is better? The 10-year versus 5-year mortgage: Which is better? Garry Marr Mar 24, 2012 – 9:00 AM ET | Last Updated: Mar 25, 2012 12:20 PM ET Mortgage debates used to centre around whether to go fixed or variable but the discussion these days is not whether to lock in … Read More
Rates are Low But Warnings To Stay Within Your Means
Mar 12, 2012, Rates are Low But Warnings To Stay Within Your Means Mortgage wars on With low, low rates, do banks have our best interests at heart? By John Greenwood, Financial Post March 10, 2012 After a string of warnings from policymakers about the perilous state of household debt in this country, it hardly seemed like a good idea. … Read More
THE TRUE COST OF BIDDING WARS
Mar 8, 2012, THE TRUE COST OF BIDDING WARS The true cost of bidding wars Competition can quickly drive up the price of a home, but there are steps you can take to avoid getting burned. By Bryan Borzykowski Derek Malcolm freely admits that the last time he got into a real estate bidding war he made some rookie mistakes. … Read More
House Prices Expected To Ease: Buyers Market
Mar 5, 2012, House Prices Expected To Ease: Buyers Market Financial Post Staff Mar 5, 2012 – 9:59 AM ET OTTAWA — Home resales are expected to rise by 0.3% this year in Canada, with low interest rates continuing to support the market, the Canadian Real Estate Association said Monday. National sales are forecast to reach 458,800 units in 2012, … Read More
Move over Toronto, Calgary�s condo market about to take off in 2012
Mar 2, 2012, Move over Toronto, Calgary�s condo market about to take off in 2012 Garry Marr Mar 2, 2012 – 3:30 PM ET | Last Updated: Mar 2, 2012 5:07 PM ET A new report suggests Toronto’s condominium market may have finally peaked in 2011 but Calgary’s may be just catching fire. The report from real estate research firm … Read More