Financial Watchdog Wants Banks to Conduct Stricter Risk Assessment
Canadian financial watchdog OSFI is keeping a keen watch over banks as consumer debt has reached record levels and is asking them to conduct a more stringent assessment of the risks that the debt could have on their balance sheets.
Read moreFinance Minister Announces Changes to Canadian Mortgage Rules
Federal finance minister, Jim Flaherty, announces upcoming changes to Canadian mortgage rules.
Read moreCanadian Home Prices Will Appreciate in 2011, Says Royal LePage
Royal LePage, a real estate services firm, says that the average home price in Canada could see an increase, fuelled by good home sales in the first half of 2011, in the light of the low interest climate.
Read moreCanadian Housing Markets Poised for Steady, Moderate Growth in 2011
Home prices are poised for steady yet moderate growth in the first half of 2011, as Canadian mortgage and housing markets absorb the slack in demand caused by decade-long, double-digit pricing increases.
Read moreAccessing Your Home’s Equity – What Every Retiree Should Know
Retirees can access their home equity by taking out a reverse mortgage, a home equity line of credit or setting up a gift of residual interest.
Read moreCredit Union Forecasts Ontario Home Price Gains in 2011
Central 1 Credit Union is optimistic about the Ontario housing market, predicting increases in home sales prices next year.
Read moreRate Hikes Not to Affect Real Estate Market
Mortgage experts believe that recent rate hikes will not have a significant impact on the real estate market.
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