Home Prices Could Rise, Home Builders Say
Among all the talk of a housing bubble in Canada, many experts have stated that we should all relax because housing prices are expected to go down 5-10% within the next year. But according to members of the Canadian Home Builders’ Association, with the cost of lot prices increasing, and stricter constructions standards, the cost…
Read moreBond Yields Spike, what will it do to Mortgage Discounts?
It took many by surprise when BMO began offering hugely discounted mortgages again this month – the second time since January that they’ve made such a move. What didn’t surprise the Canadian public was how, after BMO announced their offer, most of the other major banks followed – also the second time since January that…
Read moreCanadian Homebuyers Compete with Foreign Investors
Just this week we wrote on this blog about how residents of Arizona are becoming frustrated with the amount of Canadian investors swooping up properties in their neighbourhoods and driving the prices sky high. Well, it seems as though those properties might just be fair game; and the ones here in Canada are, too. Investors…
Read moreWhen Credit Cards Reign Supreme
Many Canadians are often stuck making a decision when it comes time to make a purchase: should you use your debit card, or your credit card? Using your debit card will deplete your savings, while a credit card will leave them intact, at least for the time being. However, credit spending is what Ottawa is…
Read moreWhy Mortgage Changes would be Bad
There’s been a lot of talk lately about how mortgage rules in Canada need to be tightened once again. We even posted yesterday about one Queen’s University finance professor’s ideas on why it’s so important that Ottawa step in and make changes that would keep us from getting any farther in over our heads; and…
Read moreIs our Debt so Bad that Mortgage Rules Should be Changed?
Just this morning we posted on this blog about how we as Canadians have lowered our debt levels. But, the fact that we’re still spending $0.50 more on every dollar that we have is enough to keep Queen’s University finance professor, Louis Gagnon, concerned. And he thinks that further tightening of the mortgage rules is…
Read moreHousehold Debt is Declining!
Well, it looks as though Jim Flaherty has gotten his wish, at least partially. After over a year of warning us that our household debt levels are far too high, the Finance Minister can now take heart knowing that those levels are on the decline. We are finally lowering our household debt! Statistics Canada released…
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