Canada – Heading for a Housing Crisis?
Simone Baribeau, US Editor of Money Supply at the Financial Times of London, took a swipe at Bank of Canada Governor Mark Carney recently when she questioned whether or not Canadian monetary policy has really softened the economic blow of the recession or if we just haven’t hit our own U.S.-style housing crisis.
Read moreCanadian Real Estate Market – Top Reasons Young Canadians Buying
A new survey commissioned for RBC Royal Bank shows that younger Canadians are expected to take the lead in home buying in 2010. Low interest rates, new jobs and perceived “good prices” are cited as top reasons as indicated by the survey. This seems to show a definite shift in attitudes in this group of young Canadians.
Read moreBeware of Losing Home Equity Due to Constant Home Buying and Selling
I have to admit that I have a hard time staying in one place. Every time I move (which is far too often), I vow to stay put, but it just never seems to happen.
Read moreSpeculation on Canadian Mortgage Rates Continues
As expected, the Bank of Canada has announced that the overnight lending rate is going to continue to sit at 0.25 per cent. However, the latest report from the Bank has financial specialists speculating about what’s going to happen in the next couple of months.
Read moreGreat Time to Jump into the Housing Market with Low Rates
While standing in line at my bank the other day I noticed that their fixed rate for a five-year closed term mortgage is 4.09 per cent. It seemed like a good deal. Later that day I noticed that a different bank had lowered their fixed rate for a five-year closed term to 3.75 per cent. In this competitive market, I’m sure that it won’t be long until the other big banks follow suit.
Read more5 Tips on How to Save Money on Your Mortgage
The other day I came across this little article with some seemingly simple advice for those looking for a mortgage. I thought that it might be a good idea to review some basic ways of saving money over the course of a mortgage.
Read moreMortgage Interest Deductibility | Not an Option for Every Canadian
Mortgage Interest Deductibility – Debate Continues in Canada
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