Global Debt is the Underlying Concern at the G20 Summit
Reducing government spending is key to economic recovery, finance ministers are told. The group of business leaders was made up of 32 of the world’s most influential CEOs, most of who were hand-picked by their respective national governments to attend a session of the recent economic summit.
Read moreNew Harmonized Tax to Start Soon in Ontario, BC
New Tax is Wildly Unpopular But Leaders Tout Its Fairness and Economic Benefits. Businesses, shoppers and tax officials are bracing for the effects of the new harmonized sales tax set to take effect in British Columbia and in Ontario on Thursday.
Read moreFinding the Perfect Mortgage: Factors to Consider
Looking Beyond the Lowest Rate. The search for the right mortgage to fit your needs does not necessarily end when you find the lowest rate.
Read moreDeficit, Debt Reduction Targets Will Impact Consumers – Sooner and/or Later
G20 deficit and debt reduction targets will sooner and/or later impact the price of consumer financial products, including mortgages, lines of credit and home loans.
Read moreU.S. Federal Reserve Likely to Hold Interest Rates Steady
While the Bank of Canada recently hiked its overnight lending rate, leading to a moderate increase for consumer loans and mortgages, the U.S. Federal Reserve and the Bank of England are holding rates steady – for now.
Read more‘Conservative’ Canadian Mortgage Marked Praised
Canada’s housing markets have remained robust, avoiding the steep declines in housing prices that have resulted in a continuing wave of foreclosure. The influential Washington Post lauded a more conservative Canadian mortgage market than that in the United States.
Read moreNew US Home Sales Fall Off a Cliff Last Month
Per an Associated Press article in the Globe and Mail, US home sales “collapsed” in May, with sales tumbling a staggering 33%. This is due to the government’s stimulative tax credit – part of the recovery package – expiring.
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