interest rates

interest rates

Canada’s Housing Market: Slow and Steady Wins the Race

Canada’s Housing Market: Slow and Steady Wins the Race Following the federal government’s latest mortgage requirements, the Canadian housing market has seen a dramatic downturn in sales. Over the past few months, cities such as Barrie, Toronto, and Vancouver have gone from having houses sell within 24 hours to houses sitting for weeks - in [...]

By | 2018-10-30T17:59:17+00:00 October 30th, 2018|Economy|Comments Off on Canada’s Housing Market: Slow and Steady Wins the Race

Canada won’t interfere in housing market — for now: Flaherty

OTTAWA — The Canadian government has no plans for now to clamp down on the housing market even though prices are rising again, Finance Minister Jim Flaherty said on Monday, but he pledged to investigate whether the price uptick looks to be more than temporary. Finance Minister Jim Flaherty says he will not only balance [...]

By | 2017-01-04T01:02:19+00:00 October 29th, 2013|Economy|Comments Off on Canada won’t interfere in housing market — for now: Flaherty

Why no rate hike means variable mortgages are safe again

A signal from the Bank of Canada that it is not raising its key lending rate any time soon, coupled with the likelihood of falling mortgage rates, could be enough to keep the latest housing rally going. There have been signs the housing market is in recovery mode with year-over-year sales rising in many markets, [...]

By | 2017-01-04T01:02:19+00:00 October 25th, 2013|Mortgage Products|Comments Off on Why no rate hike means variable mortgages are safe again

Canadian Real Estate Association raises the future outlook for home sales this year.

OTTAWA - The Canadian Real Estate Association has raised its outlook for homes sales this year as it reported an 11.1 per cent jump in August sales compared with a year ago. A sold sign in Oakville, Ont., Monday, July 23, 2012. The Canadian Real Estate Association is raising its outlook for homes sales this [...]

By | 2017-01-04T01:02:25+00:00 September 25th, 2013|Economy|Comments Off on Canadian Real Estate Association raises the future outlook for home sales this year.

HOUSING TREND IN CANADA

  Housing affordability in Canada deteriorates marginally in the second quarter of 2013 The recent upswing in the Canadian housing market brought with it some mild erosion in housing affordability in the second quarter of 2013. Successive month-to-month advances in home resales and housing starts this spring seemingly marked an end to the cooling of [...]

By | 2017-01-04T01:02:25+00:00 September 3rd, 2013|Economy|Comments Off on HOUSING TREND IN CANADA

Canada has room for more interest rate cuts: IMF

OTTAWA — While Canada’s economy should pick up later this year, there are external and domestic threats that, if unchecked, could make a case for more interest rate cuts, according to the International Monetary Fund. The IMF said in its annual report Thursday that Canada’s economy will grow by 1.8% in 2013, hobbled by a [...]

By | 2017-01-04T01:02:26+00:00 February 16th, 2013|Economy|Comments Off on Canada has room for more interest rate cuts: IMF

Bank of Canada says may have to hike rates

OTTAWA - The Bank of Canada left its key interest rate at 1 per cent on Tuesday as expected but said it may need to start hiking rates due to firmer-than-expected growth and inflation as well as a less hostile global backdrop. "In light of the reduced slack in the economy and firmer underlying inflation, [...]

By | 2012-04-17T17:18:06+00:00 April 17th, 2012|Economy|Comments Off on Bank of Canada says may have to hike rates

5 reasons a fixed-rate mortgage could be your best bet

It's a decision that millions of Canadian homeowners struggle with repeatedly during their time as homeowners: Do they choose the security of a fixed-rate mortgage, or opt for the flexibility (and usually lower cost) of a variable rate and hope that rates don't spike higher? But right now, unusual conditions in the mortgage market mean [...]

By | 2017-01-04T01:02:30+00:00 December 5th, 2011|Mortgage Tips, Uncategorized|Comments Off on 5 reasons a fixed-rate mortgage could be your best bet