Mar 13, 2014, Fixed rate mortgages trump variables It makes more financial sense for Canadians to lock into a longer-term fixed mortgage than one with variable rates, according to a new report released Thursday by BMO Capital Markets. BMO chief economist Douglas Porter and senior economist Benjamin Reitzes say the improving economy and current mortgage offers tilt the balance in … Read More
Dec 17, 2013, Does real estate have anything left to give in 2014? Republish Reprint Garry Marr | December 17, 2013 | Last Updated: Dec 27 5:14 PM ET At some point, there has to be a housing correction. Right? Some argue there was a correction in 2013, based on declining sales activity. But prices never really followed and by … Read More
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
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
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
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
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
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
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
Feb 25, 2013 Low mortgage rates muster slight books in housing market affordability