Mark Carney: Mortgage Rate Increases “Less Imminent”
Mark Carney has been blamed in the past for using confusing language regarding mortgage interest rates. One month he says they’re going up, the next he’s talking about how they need to remain where they are for the time being. But, in an effort to always clear up any confusion Canadians have over the rate…
Read moreJim Flaherty Announces Deficit to Increase to $26 Billion
This should give the opposition some fuel for their fire. After releasing the federal government’s budget for the 2012-13 fiscal year, Finance Minister Jim Flaherty has announced that the federal deficit this year will rise to $26 billion. This is $5 million higher than what was projected in the March budget; and it means that…
Read moreWhy You’re Not Saving, Even Though You’re Cutting Back
Have you stopped going out for lunch every day while at the office in order to cut back and save some more money? And have you even started making coffee at home in the morning and bringing it with you to work, so that you can save that two bucks a day? If you have,…
Read moreWould You Rent Out Your Cottage?
A few weeks ago we talked about Ontario property assessments, and how the ones now arriving in mailboxes all over the province may leave homeowners facing much higher property taxes than they’ve been paying the past several years. Unfortunately, the same that holds true for these residential properties also holds true for vacation properties such…
Read moreCooling Housing Market will Shift Trend in Ottawa
Take a look at Ottawa, one of the cities that’s experiencing a significant cool-down in Canada right now, and the numbers may seem grim. Like so many other places, prices are going up while starts, and sales, are dropping off. But take heart, says Abdul Kargbo of the CMHC. Fresh young faces are appearing more…
Read moreSpringtime Likely to be Slower due to Tighter Mortgage Restrictions
Springtime is the time of year when flowers are in bloom, romance is in the air, and Realtors start to become very busy! Spring is the be-all-end-all season when it comes to homebuying, as buyers are tired of being cooped up all winter, and the weather allows for hitting the pavement in search of that…
Read moreMove Over Toronto and Vancouver, Calgary and Edmonton are the Prime Places to Live Now!
For years, Vancouver and Toronto have been the hot spots to live. But, while people have been demanding to live in these two places over the past two or more years, home prices have been climbing. Now that it’s tougher to get a mortgage – anywhere in Canada – those high prices don’t seem so…
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