Money Talks: Volume 53
Well Christmas came early for us this week! Looking around at the headlines day after day, most of the talk revolved around the mortgage and housing market. Government officials came out to speak on the topic, and people are once again asking why Jim Flaherty wants to interfere with the market once again (turns out,…
Read moreIMF says Ottawa should Back Away from Mortgage Insurance
The International Monetary Fund spoke out this week about the mortgage insurance market and mainly, Ottawa’s involvement in insuring mortgages for the banks. While speaking to reporters in Toronto, IMF mission chief, Roberto Cardarelli, said that not only does this put taxpayers at risk, but it’s money that could be put to better use; and…
Read moreJulie Dickson Warns Again about Housing Market
Back in the spring, Julie Dickson, head of the Office of the Superintendent of Financial Institutions, warned that high interest rates could be “very painful.” And while her most current warnings may not sound so dire, when Ms. Dickson spoke to an industry group about the current housing and mortgage market, she still brought with…
Read moreIs Home Affordability Spinning Beyond Reach?
Remember back in June when we talked about one Vancouver broker that said it was mortgage restrictions, not home affordability, that was making it difficult for Vancouver buyers? Well, she may want to reconsider that whole thing because RBC just came out with their home affordability report and it’s bad news for those looking to…
Read moreWho are the Echo Boomers?
Yesterday we talked about the real estate trends we can expect in 2014, and in that mix we talked about Echo Boomers. But who is this generation of newcomers? While we did touch on the huge impact these individuals are going to have on the market in the coming year, we didn’t delve a great…
Read moreWhat will Next Year Bring for the Toronto Real Estate Market?
Well it’s that time of year again. To be out with the old and in with the new, and that includes the Toronto real estate market. While numbers in the GTA have been climbing over the past few months – both in sales and in prices – experts have stopped looking to the year-that-was-never-supposed-to-be, and…
Read moreHow Many Consumers are Going Black Friday Shopping?
Cross-border shopping is something that many Canadians can say they’ve done at some point or another in their lives. While there was a dip in consumer spending across the border for a small period while people adjusted to new passport rules, and the exchange rate simply didn’t make sense, the trend of going to the…
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