Julie Dickson Warns Again about Housing Market
Back in the spring, Julie Dickson, head of the Office of the Superintendent of Financial Institutions, warned that high interest rates could be “very painful.” And while her most current warnings may not sound so dire, when Ms. Dickson spoke to an industry group about the current housing and mortgage market, she still brought with…
Read moreWho are the Echo Boomers?
Yesterday we talked about the real estate trends we can expect in 2014, and in that mix we talked about Echo Boomers. But who is this generation of newcomers? While we did touch on the huge impact these individuals are going to have on the market in the coming year, we didn’t delve a great…
Read moreIconic Toronto Book Store Shutting Down
It was a sad day yesterday in Toronto when it was announced that the World’s Biggest Bookstore (which it wasn’t,) had been sold to a developer and the bookstore would be shutting its doors in February. The news got a lot of reaction on social media as fans talked about their favorite World’s Biggest Bookstore…
Read moreHow Much are Consumers going to Spend, by Province, this Year
So far this week we’ve talked about how much consumers are going to be spending this Christmas, and whether or not they’re going to be fighting traffic, finding parking, and lining up in stores – or if they’ll be doing most of their Christmas shopping online. And while we have an idea of how much…
Read moreWill BoC Leave Rate Unchanged Until 2015?
The Bank of Canada came out with their interest rate announcement yesterday, and it’s not shocking that the rate will remain at 1 per cent for at least the next six weeks. But what might be surprising is the Bank’s talk with this announcement, which made it sound as though leaving the rate at its…
Read moreShould the Government Put Housing First?
If you were to ask most Canadians, they’d probably say that the federal government has already put housing and the concerns that go along with it first on their agenda. After all, everyone seemed good and fed up last year when Finance Minister Jim Flaherty instated new mortgage rules – the fourth time in just…
Read moreNo Rebound? July’s Retail Sales Say Differently
Economists, analysts, mortgage brokers, and real estate agents have been going back and forth on whether or not Canada is in the midst of a rebound or not. Now, new stats have come out that show we are actually in a rebound, and those stats have nothing to do with new home sales, resales, or home…
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