Feb 21, 2012, Will Banks Be Tightening the Noose on Qualifying? Mortgage fraud on the rise Nicolas Van Praet Feb 21, 2012 – 7:19 AM ET MONTREAL — Consumer credit company Equifax uncovered roughly $400-million worth of mortgage fraud in Canada last year, an “eyeopening” number industry experts estimate represents only a fraction of the cheating taking place in the … Read More
Feb 15, 2012, HOUSING CRUTCH ABANDONING BANKS Housing crutch abandoning banks John Greenwood Feb 15, 2012 – 6:57 PM ET | Last Updated: Feb 16, 2012 11:50 AM ET The numbers are staggering. At the end of last year the Canadian banks had $494.4-billion of insured mortgages on their books, guaranteed by the Canada Mortgage and Housing Corp. Another piece … Read More
Feb 13, 2012, Steady growth forecast for Calgary housing market Steady growth forecast for Calgary housing market MLS sales and prices to increase in next two years By Mario Toneguzzi, Calgary Herald February 13, 2012 MLS sales and average sale prices are forecast to increase in the Calgary region in the next two years. CALGARY — Steady growth is forecast … Read More
Feb 9, 2012, Banks pull back on low rate mortgages Grant Robertson — BANKING REPORTER Canada’s major banks pulled back on historic-low mortgage offers this week by raising their posted rates. But that doesn’t mean the deep discounting seen over the last month has necessarily ended. Several of the banks are still unofficially offering deep discounts in the mortgage market … Read More
Jan 30, 2012, Canada facing subprime mortgage risk-Another Reason Why Affordability is Very Important Canada facing subprime mortgage risk Bloomberg News Jan 30, 2012 – 11:11 AM ET | Last Updated: Jan 30, 2012 11:18 AM ET By Andrew Mayeda Canadian lenders are loosening standards, offering mortgages similar to U.S. subprime loans that pose an “emerging risk” to financial institutions, … Read More
an 23, 2012, More Mortgage Rules Planned If Housing Market Gets Too Hot More mortgage rules planned if housing market gets too hot Garry Marr Jan 23, 2012 – 12:23 PM ET A new round of mortgage rules from Ottawa could include tough new measures for calculating how the self-employed qualify for loans and tighten regulations for condominium buyers, according … Read More
Jan 18, 2012, Calgary, Edmonton Ranked Among Top Performing Global Economies Calgary, Edmonton ranked among top performing global economies By Derek Abma, Financial Post January 18, 2012 10:08 AM Five out of seven Canadian cities considered among the top 200 local economies in the world were in the top half of rankings for economic performance last year, a Washington, D.C.-based … Read More
Jan 17, 2012, The Mixed Blessing of Low Rates The Mixed Blessing of Low Rates Kevin Carmichael Globe and Mail Blog Posted on Tuesday, January 17, 2012 2:17PM EST If the Bank of Canada was permitted to do so, would it tighten home lending standards? There’s reason to wonder. The central bank said on Tuesday that it expects record household … Read More
Jan 12, 2012, Calgary average house prices to increase: Royal LePage 3.6 hike forecast for 2012 Calgary average house prices to increase: Royal LePage 3.6% hike forecast for 2012 By Mario Toneguzzi, Calgary Herald January 12, 2012 CALGARY — A national report predicts average house prices in Calgary will increase by 3.6 per cent this year. The Royal LePage House … Read More
Jan 10, 2012, Housing Start Expected to Increase in 2012 and 2013 in Alberta Alberta to buck national trend for new home construction Housing starts expected to increase in 2012 and 2013 By Mario Toneguzzi, Calgary Herald January 10, 2012 10:06 AM CALGARY — Alberta is expected to buck the national trend for new home construction in the next two … Read More