Canada Dollar Falls to Four-Week Low on U.S. Shutdown

BelmorMortgageNews

Oct 8, 2013, Canada Dollar Falls to Four-Week Low on U.S. Shutdown By John Detrixhe & Joseph Ciolli – Oct 8, 2013 3:06 PM MT Facebook Share Tweet LinkedIn Google +1 1 Comment Print Canada’s dollar fell to a four-week low against its U.S. counterpart as a government shutdown in its largest trading partner continued and the nation’s trade deficit … Read More

Rental market worries rise

BelmorMortgageNews

Jul 30, 2013, Rental market worries rise In Calgary’s increasingly tight rental market, some landlords have stopped advertising widely because they are routinely flooded with responses from eager, hopeful tenants. And there are concerns the competition could grow even fiercer as apartment buildings remain uninhabitable following last month’s flood and university students return to classes. Tammy Panchuk, who owns 40 … Read More

Flaherty shifting his focus to credit card companies

BelmorMortgageNews

Jul 25, 2013, Flaherty shifting his focus to credit card companies Mortgage brokers’ prayers may finally have been answered – Finance Minister Jim Flaherty is raising the possibility that he will attack the credit card problem from a regulatory front. This move by Flaherty comes on the heels of a major case brought against Visa Canada and MasterCard that was … Read More

HARPER GOVERNMENT APPOINTS STEPHEN POLOZ GOVERNOR OF THE BANK OF CANADA

BelmorMortgageNews

May 2, 2013, HARPER GOVERNMENT APPOINTS STEPHEN POLOZ GOVERNOR OF THE BANK OF CANADA (Link to item) Ottawa, May 2, 2013 2013-065 HARPER GOVERNMENT APPOINTS STEPHEN POLOZ GOVERNOR OF THE BANK OF CANADA Related Document: Biographical Notes Letter to the Minister of Finance The Honourable Jim Flaherty, Minister of Finance, today announced that Stephen Poloz will be appointed Governor of … Read More

Bank of Canada’s Mark Carney eyes three factors as rate hike guide

BelmorMortgageNews

Apr 21, 2013, Bank of Canada’s Mark Carney eyes three factors as rate hike guide Reuters | 13/04/21 3:09 PM ET More from Reuters Patrick Doyle/BloombergMark Carney says Canadians should not lose any sleep over the safety of their deposits. Twitter Google+ LinkedIn Email Comments More OTTAWA — Bank of Canada chief Mark Carney said he is unlikely to raise … Read More

Brokers pursue mortgage break for first time home buyers

BelmorMortgageNews

Mar 18, 2013, Brokers pursue mortgage break for first-time home buyers TARA PERKINS, The Globe and Mail Published Sunday, Mar. 10 2013, 6:23 PM EDT Last updated Tuesday, Mar. 12 2013, 9:02 AM EDT Mortgage brokers are pressing the federal government to make it easier for young people to buy their first homes, just as the spring sales season descends … Read More

Calgary resale housing market sets record

BelmorMortgageNews

Mar 1, 2013, Calgary resale housing market sets record. Calgary resale housing market sets all-time record for average sale price February MLS sales eclipse prices set in boom of July 2007 BY MARIO TONEGUZZI, CALGARY HERALD MARCH 1, 2013 CALGARY — Calgary’s resale housing market set an all-time average sale price record in February, eclipsing the mark which has stood … Read More

Home ownership levels on the rise

BelmorMortgageNews

Jan 29, 2013, Home ownership levels on the rise More Canadians buying rather than renting By Mario Toneguzzi, Calgary Herald January 29, 2013 Home ownership levels on the rise Calgary realtor Christina Hagerty of Sotheby’s International Realty Canada has witnessed the rise in home ownership levels in recent years. Photograph by: Gavin Young Gavin Young , Calgary Herald CALGARY — … Read More

Alberta’s inflation the lowest

BelmorMortgageNews

Jan 25, 2013, Alberta’s inflation the lowest CALGARY — Alberta’s annual rate of inflation was the lowest in Canada in December, according to Statistics Canada. The federal agency reported Friday that the Consumer Price Index was flat with no change in the 12 months to December in the province. Meanwhile, in Canada, overall inflation rose by 0.8 per cent year-over-year. … Read More