Decoding the Bank of Canada’s Monetary Policy
Jan 9, 2013, Decoding the Bank of Canada’s Monetary Policy Access Document PDF: MCAP
CMHC Forecast More Prosperity for Calgary Market
Nov 23, 2012, CMHC Forecast More Prosperity for Calgary Market by Cody Stuart on Nov 23, 2012 Buoyed by net migration, job prosperity and low mortgage rates, MLS® sales in Calgary this year are expected to reach their highest level since 2007, before increasing even further in 2013. As outlined in the Canada Mortgage and Housing Corporation’s (CMHC) annual Calgary … Read More
Bank of Canada holds rate
Oct 23, 2012, Bank of Canada holds rate The Bank of Canada kept its trendsetting policy interest rate at one per cent for the 17th consecutive time today, but signalled that it’s worried about household debt. The stand-pat decision on the policy rate was widely expected, but economists had been looking for softer language on the warning that the next … Read More
Home Finances: Pay off your Mortgage faster
Oct 1, 2012, Home Finances: Pay off your Mortgage faster When interest rates are low, most people think it’s a great time to borrow. But in fact, when interest rates are low it may be the best time to pay down debts, because you end up paying down principal faster. Here are some strategies to help you save money and … Read More
Home affordability favourable in Alberta
Sep 27, 2012, Home affordability favourable in Alberta Alberta’s housing market seems to be in pretty good shape these days compared with some other major Canadian markets. A decline in sales elsewhere in the country has triggered anxiety that prices might soon follow, says Will van’t Veld, economist with ATB Financial. “Alberta is certainly no stranger to real estate exuberance,” … Read More
Demographics will take edge off housing downturn: CIBC
Aug 27, 2012, Demographics will take edge off housing downturn: CIBC A downturn in the housing market may not be as bad as feared because the important 25-34 age group will continue to buy houses — some with help from their well-off parents, says a senior economist at CIBC World Markets. The analysis takes aim at a theory that population … Read More
Average house prices in Calgary region to jump by 20,000 in the next 2 years
Aug 15, 2012, Average house prices in Calgary region to jump by 20,000 in the next 2 years CALGARY — The average MLS residential sale price in the Calgary region will climb by more than $20,000 over the next two years, according to Canada Mortgage and Housing Corp. In its third quarter 2012 Housing Market Outlook, released Tuesday, the CMHC … Read More
Housing Starts Spike
Aug 10, 2012, Housing Starts Spike Housing starts in Calgary have been on the rise since the start of 2012 and continued in July. Last month, 734 units broke ground in Calgary, up 40 per cent on the 526 starts in July 2011, reports the Canada Mortgage and Housing Corp. “Calgary has seen increased demand for housing due to our … Read More
Financial advisors unconvinced new mortgage rules are better
Aug 1, 2012, Financial advisors unconvinced new mortgage rules are better Finance Minister Jim Flaherty recently introduced changes to the mortgage rules, ostensibly as a means of reining in runaway consumer debt. But just how effective do financial advisors feel the changes will be at achieving this goal? And how will the new rules affect those who often need large-size … Read More
Canada’s Key Interest Rate Stays Put
Jul 17, 2012, Canada’s Key Interest Rate Stays Put – Bank of Canada maintains overnight rate target at 1 per cent For immediate release 17 July 2012 Contact: Jeremy Harrison 613 782-8782 Ottawa, Ontario – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly … Read More